NXC Nuveen California Select Tax Free Income Portfolio

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 108 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow. The funds’ monthly distributions are listed below.

Monthly distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders.

NEW PREFERRED SHARES DISTRIBUTIONS INCLUDED IN DISTRIBUTION ANNOUNCEMENT

Additionally, the distribution declaration of the MuniFund Term Preferred (MTP) shares of the Nuveen Insured Dividend Advantage Municipal Fund (NVG PrC) is also listed below. Moving forward, after the initial distribution declaration is announced for Nuveen’s closed-end funds' MTP shares, these distributions will be part of the larger CEF group and will appear in the monthly distribution announcement.

Nuveen funds generally seek to pay stable distributions at rates that reflect each fund’s past results and projected future performance. During certain periods, each fund may pay distributions at a rate that may be more or less than the amount of net investment income actually earned by the fund during the period. If a fund cumulatively earned more than it has paid in distributions, it holds the excess in reserve as undistributed net investment income (UNII) as part of the fund’s net asset value (NAV). Conversely, if a fund has cumulatively paid distributions in excess of its earnings, the excess constitutes negative UNII that is likewise reflected in the fund’s NAV. Each fund will, over time, pay all of its net investment income as distributions to shareholders. The funds’ positive or negative UNII balances are disclosed from time to time in their periodic shareholder reports, and are also on www.nuveen.com/cef.

In addition, distributions for certain funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to each fund after year-end by REIT securities held by each fund. The Nuveen preferred securities funds, JTP, JPS and JHP may invest in REITs; a list of funds that are likely to be affected by re-characterization is posted to www.nuveen.com each January, and updated tax characteristics are posted to the web site and mailed to shareholders via form 1099-DIV during the first quarter of the year.

Although the monthly distribution amount for JFP shown below was established at a level that the fund expects will cause the fund’s yearly distributions to closely match its net earnings for the fiscal year, uncertainties about the ability of certain issuers of securities held in that fund’s portfolio to continue to timely pay dividends or interest scheduled or due on those securities means that there is a chance that the fund’s net earnings for the year will be less than the amount of dividends. If that happens, any amount of fund dividends paid in excess of the amount of such net earnings will be treated for tax purposes as a return of capital to fund shareholders.

The following dates apply to today’s distribution declarations:

Record Date   December 15, 2009 Ex-Dividend Date December 11, 2009 Payable Date December 31, 2009     Monthly Tax-Free

Distribution Per Share

  Change From Amount   Previous Month

Ticker

Closed-End Portfolios

NXP Select Portfolio $.0595 - NXQ Select Portfolio 2 .0555 - NXR Select Portfolio 3 .0535 - NXC CA Select Portfolio .0555 - NXN NY Select Portfolio .0510 -  

Closed-End Funds

Non-Leveraged Funds

NUV Municipal Value .0390 - NUW Municipal Value 2 .0750 - NCA CA Municipal Value .0380 - NNY NY Municipal Value .0355 - NMI Municipal Income .0470 - NIM Select Maturities .0350 - NYV NY Municipal Value 2 .0640 - NCB CA Municipal Value 2 .0690 - NJV NJ Municipal Value .0640 - NPN PA Municipal Value .0650 -  

Leveraged Funds

National

NPI Premium Income .0710 .0010 NPP Performance Plus .0760 .0040 NMA Advantage .0810 .0050 NMO Market Opportunity .0800 .0060 NQM Investment Quality .0750 .0050 NQI Insured Quality .0710 .0030 NQS Select Quality .0820 .0070 NQU Quality Income .0760 .0040 NIO Insured Opportunity .0675 .0010 NPF Premier .0700 .0040 NIF Premier Insured .0720 .0060 NPM Premium Income 2 .0730 .0010 NPT Premium Income 4 .0670 .0010 NPX Insured Premium 2 .0620 .0010 NAD Dividend Advantage .0760 .0020 NXZ Dividend Advantage 2 .0800 .0020 NZF Dividend Advantage 3 .0780 .0035 NVG Insured Dividend Advantage .0700 - NEA Insured Tax-Free Advantage .0680 .0030 NMZ High Income Opportunity Fund .0835 - NMD High Income Opportunity Fund 2 .0800 - NEV Enhanced Municipal Value Fund .0760 -

California

NCP Performance Plus .0710 .0020 NCO Market Opportunity .0750 .0020 NQC Investment Quality .0730 .0010 NVC Select Quality .0790 .0040 NUC Quality Income .0800 .0050 NPC Insured Premium Income .0650 .0020 NCL Insured Premium Income 2 .0690 .0020 NCU Premium Income .0665 .0045 NAC Dividend Advantage .0720 .0040 NVX Dividend Advantage 2 .0790 .0030 NZH Dividend Advantage 3 .0750 .0050 NKL Insured Dividend Advantage .0750 .0045 NKX Insured Tax-Free Advantage .0660 .0010

New York

NNP Performance Plus .0680 .0010 NQN Investment Quality .0635 .0010 NVN Select Quality .0640 .0020 NUN Quality Income .0630 .0020 NNF Insured Premium Income .0600 .0040 NAN Dividend Advantage .0655 .0010 NXK Dividend Advantage 2 .0665 .0010 NKO Insured Dividend Advantage .0645 .0010 NRK Insured Tax-Free Advantage .0615 .0035

Other State Funds

NAZ AZ Premium Income .0590 .0020 NFZ AZ Dividend Advantage .0570 .0030 NKR AZ Dividend Advantage 2 .0640 .0045 NXE AZ Dividend Advantage 3 .0620 .0030 NTC CT Premium Income .0590 .0010 NFC CT Dividend Advantage .0640 .0040 NGK CT Dividend Advantage 2 .0650 .0030 NGO CT Dividend Advantage 3 .0600 .0040 NPG GA Premium Income .0590 .0040 NZX GA Dividend Advantage .0640 .0030 NKG GA Dividend Advantage 2 .0600 .0020 NMY MD Premium Income .0620 - NFM MD Dividend Advantage .0650 .0020 NZR MD Dividend Advantage 2 .0650 .0020 NWI MD Dividend Advantage 3 .0630 .0010 NMT MA Premium Income .0650 .0010 NMB MA Dividend Advantage .0640 .0010 NGX Insured MA Tax-Free Advantage .0630 .0030 NUM MI Quality Income .0660 .0040 NMP MI Premium Income .0640 .0030 NZW MI Dividend Advantage .0640 .0020 NOM MO Premium Income .0570 .0010 NQJ NJ Investment Quality .0650 .0020 NNJ NJ Premium Income .0630 .0010 NXJ NJ Dividend Advantage .0650 .0040 NUJ NJ Dividend Advantage 2 .0680 .0030 NNC NC Premium Income .0620 .0030 NRB NC Dividend Advantage .0690 .0010 NNO NC Dividend Advantage 2 .0680 .0040 NII NC Dividend Advantage 3 .0660 .0040 NUO OH Quality Income .0740 .0060 NXI OH Dividend Advantage .0700 .0060 NBJ OH Dividend Advantage 2 .0690 .0060 NVJ OH Dividend Advantage 3 .0730 .0060 NQP PA Investment Quality .0700 .0060 NPY PA Premium Income 2 .0660 .0015 NXM PA Dividend Advantage .0690 .0030 NVY PA Dividend Advantage 2 .0700 .0010 NTX TX Quality Income .0680 .0010 NPV VA Premium Income .0670 .0020 NGB VA Dividend Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -   Monthly Taxable

Distribution Per Share

 

Closed-End Funds:

Change From

Ticker

Taxable Funds

Amount   Previous Month  

Preferred Securities

JTP Quality Preferred Income Fund .0480 - JPS Quality Preferred Income Fund 2 .0540 - JHP Quality Preferred Income Fund 3 .0510 -

Floating Rate: Corporate Loans

NSL Senior Income Fund .0400 .0030 JFR Floating Rate Income Fund .0510 .0060 JRO Floating Rate Income Opportunity Fund .0620 .0070

Floating Rate: Tax Advantaged

JFP Tax-Advantaged Floating Rate Fund .0150 (.0070)  

MuniFund Term Preferred

 

Tax-FreeDistribution Per Share

 

Ticker

Fund Name

Amount NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MuniFund Term Preferred Shares $.024583

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 $141 billion of assets on September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.