Fitch Rates MTP Shares Issued by Nuveen Dividend Advantage Municipal Fund 3

Fitch Ratings has assigned an 'AAA' rating to the following securities issued by Nuveen Dividend Advantage Municipal Fund 3 NZF, a municipal closed-end fund managed by Nuveen Asset Management: --Up to $74,750,000 of MuniFund Term Preferred Shares, 2.80% series 2016, with a liquidation preference of $10 per share (MTP Shares), due Jan. 1, 2016.