Nuveen to Complete Refinancing of Taxable Closed-End Fund ARPS

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the remaining portion of the outstanding auction-rate preferred shares (ARPS) of its equity and corporate debt closed-end funds will be redeemed. This final portion of outstanding ARPS totals approximately $750 million. The funds have been granted temporary exemptive relief from Section 18 of the Investment Company Act of 1940 (’40 Act) from the Securities and Exchange Commission (SEC). This relief will permit the funds to temporarily operate with reduced asset coverage levels for the debt used to refinance these remaining ARPS.

The funds issuing at-par redemption notices are:

JDD		Nuveen Diversified Dividend & Income Fund
JPC		Nuveen Multi-Strategy Income & Growth Fund
JQC		Nuveen Multi-Strategy Income & Growth Fund 2
JTP		Nuveen Quality Preferred Income Fund
JPS		Nuveen Quality Preferred Income Fund 2
JHP		Nuveen Quality Preferred Income Fund 3
JRS		Nuveen Real Estate Income Fund
JTA		Nuveen Tax-Advantaged Total Return Strategy Fund
NSL		Nuveen Senior Income Fund
JFR		Nuveen Floating Rate Income Fund
JRO		Nuveen Floating Rate Income Opportunity Fund

Once completed, this additional $750 million redemption will finish the refinancing of all remaining Nuveen equity and corporate debt closed-end fund ARPS.

“We are very pleased to announce that we have made the necessary steps so that our taxable closed-end funds can complete the final refinancing of all of their outstanding ARPS,” said Bill Adams, Executive Vice President, Nuveen Investments. “Further, we want to remind our closed-end fund investors that we continue to move forward and remain committed to refinancing all of our outstanding ARPS issued by our municipal bond closed-end funds.”

The tables below list the total number of shares, par amounts and scheduled redemption dates for these redemptions.

JTA is redeeming all of its currently outstanding $28.85 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JTA redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
W		67090H201		1,154		$28,850,000		September 17, 2009

JRS is redeeming all of its currently outstanding $17 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JRS redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67071B207		135		$3,375,000		September 22, 2009
T		67071B306		134		$3,350,000		September 23, 2009
W		67071B405		134		$3,350,000		September 17, 2009
TH		67071B603		143		$3,575,000		September 18, 2009
F		67071B504		134		$3,350,000		September 21, 2009

JDD is redeeming all of its currently outstanding $15 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JDD redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
T		6706EP204		300		$7,500,000		September 23, 2009
W		6706EP303		300		$7,500,000		September 17, 2009

JPC is redeeming all of its currently outstanding $118.65 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JPC redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67073B205		791		$19,775,000		September 22, 2009
T		67073B304		791		$19,775,000		September 23, 2009
W		67073B403		791		$19,775,000		September 17, 2009
TH		67073B502		791		$19,775,000		September 18, 2009
F		67073B601		791		$19,775,000		September 21, 2009
F2		67073B700		791		$19,775,000		September 21, 2009

JQC is redeeming all of its currently outstanding $165.8 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JQC redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67073D201		663		$16,575,000		September 22, 2009
M2		67073D300		663		$16,575,000		September 22, 2009
T		67073D409		663		$16,575,000		September 23, 2009
T2		67073D508		663		$16,575,000		September 23, 2009
W		67073D607		663		$16,575,000		September 17, 2009
W2		67073D706		664		$16,600,000		September 17, 2009
TH		67073D805		664		$16,600,000		September 18, 2009
TH2		67073D888		663		$16,575,000		September 18, 2009
F		67073D870		663		$16,575,000		September 21, 2009
F2		67073D862		663		$16,575,000		September 21, 2009

JTP is redeeming all of its currently outstanding $64.875 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JTP redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67071S200		519		$12,975,000		September 22, 2009
T		67071S309		519		$12,975,000		September 23, 2009
W		67071S408		519		$12,975,000		September 17, 2009
TH		67071S507		519		$12,975,000		September 18, 2009
F		67071S606		519		$12,975,000		September 21, 2009

JPS is redeeming all of its currently outstanding $130 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JPS redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67072C204		780		$19,500,000		September 22, 2009
T		67072C303		780		$19,500,000		September 23, 2009
T2		67072C709		650		$16,250,000		September 23, 2009
W		67072C402		780		$19,500,000		September 17, 2009
TH		67072C501		780		$19,500,000		September 18, 2009
TH2		67072C808		650		$16,250,000		September 18, 2009
F		67072C600		780		$19,500,000		September 21, 2009

JHP is redeeming all of its currently outstanding $18.1 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JHP redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67072W200		362		$9,050,000		September 22, 2009
TH		67072W309		362		$9,050,000		September 18, 2009

JFR is redeeming all of its currently outstanding $105 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JFR redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		67072T207		1,050		$26,250,000		September 22, 2009
T		67072T306		1,050		$26,250,000		September 23, 2009
W		67072T405		1,050		$26,250,000		September 17, 2009
F		67072T504		1,050		$26,250,000		September 21, 2009

JRO is redeeming all of its currently outstanding $60 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for JRO redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
M		6706EN209		800		$20,000,000		September 22, 2009
TH		6706EN308		800		$20,000,000		September 18, 2009
F		6706EN407		800		$20,000,000		September 21, 2009

NSL is redeeming all of its currently outstanding $26 million of ARPS. The table below lists the total number of shares, par amounts and scheduled redemption dates for NSL redemptions:

Series		Cusip #		Total Shares Redeemed		Total Amount Redeemed		Redemption Date
TH		67067Y203		1,040		$26,000,000		October 9, 2009

For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. ARPS information and updates are posted on Nuveen’s auction-rate preferred resource center at www.nuveen.com/arps.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $128 billion of assets on June 30, 2009.