Nuveen Virginia Dividend Advantage Municipal Fund Preferred Shares Begin Trading on NYSE

CHICAGO--(BUSINESS WIRE)--

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that the MuniFund Term Preferred (MTP)(FREE stock trend analysis) shares issued by the Nuveen Virginia Dividend Advantage Municipal Fund (NGB)(FREE stock trend analysis) on November 16, 2009, began trading on the New York Stock Exchange (NYSE) Monday, December 7, under the ticker symbol NGB PrC.

Additionally, Nuveen today announced that five closed-end funds have filed registration statements with the U.S. Securities and Exchange Commission to issue MuniFund Term Preferred Shares (MTP)(FREE stock trend analysis), a form of preferred stock. The new shares are expected to be listed on the NYSE. The funds that have filed registration statements are:

				Nuveen North Carolina Dividend Advantage Fund 2 NNO(FREE stock trend analysis)
				Nuveen Connecticut Dividend Advantage Fund NFC(FREE stock trend analysis)
				Nuveen Maryland Dividend Advantage Fund 2 NZR(FREE stock trend analysis)
				Nuveen Maryland Dividend Advantage Fund 3 NWI(FREE stock trend analysis)
				Nuveen Georgia Premium Income Fund NPG(FREE stock trend analysis)

MTP is a fixed rate form of preferred stock with a mandatory redemption period. By issuing MTP, the funds seek to take advantage of the current historically low interest rate environment to lock in an attractive tax-exempt cost of leverage for a period as long as the term of the MTP. Issuing MTP helps the funds mitigate the risk of a significant increase in their leverage costs should short-term interest rates rise.

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 as of September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.

The information in this press release is not complete and may be changed. A registration statement relating to these securities has been filed with the Securities and Exchange Commission pursuant to the U.S. Securities Act of 1933, as amended, and we may not sell these securities until that registration statement is effective. This press release and the information contained herein is not an offer to sell, or a solicitation of offers to purchase, securities in any state where the offer or sale is not permitted. Any public offering of securities to be made will be made by means of a registration statement that will contain detailed information about the issuer and its management, as well as financial statements. No money, securities or other consideration is being solicited by this press release or the information contained herein.

Investors should consider the investment objectives, risks, and charges and expenses of the Nuveen Closed-End Funds issuing the MTP shares, as well as the terms and conditions of the MTP, carefully before investing. The prospectus will contain this and other information. The prospectus, once available, may be obtained from your financial advisor or at www.nuveen.com/cef, and the prospectus, once available, should be read carefully before investing.