As a valued business partner, we want to update you on an important Nuveen closed-end fund product initiative announced earlier this year.

On July 26, 2011, Nuveen announced that the Board of Trustees for the respective Nuveen closed-end funds approved a series of proposed mergers of Connecticut, Georgia and North Carolina-specific Nuveen municipal closed-end funds.

In the near future, your clients in the affected funds will be receiving proxy materials. In advance of this, we hope the summary of each initiative—along with links to frequently asked questions and copies of the proxy materials—will help you address any questions regarding these proposals.

The shareholder vote will be held at the Funds’ annual meeting, which is scheduled for December 16, 2011.

The funds have engaged a proxy solicitation firm—Computershare Fund Services—to assist in soliciting the necessary votes in a timely

manner. If enough shareholders do not cast their votes, a fund may not be able to hold its meeting and will be required to incur additional solicitation costs in order to obtain sufficient shareholder participation. To reduce expense, and minimize phone calls to shareholders from the proxy solicitor, please urge your clients to vote as soon as possible.

To view the actual proxy statements please visit:

http://www.nuveenproxy.com/ProxyInfo/CEF/Default.aspx

An overview and frequently asked questions regarding the mergers are found here:

http://www.nuveen.com/Home/Documents

/Default.aspx?fileId=53758

Thanks you for your support of Nuveen closed-end funds. Should you have any further questions regarding the merger proposals or proxy process, please contact your Nuveen Service Team at 800.752.8700.