Nuveen Investments, a leading provider of diversified investment services, today declared regular quarterly distributions for 14 Nuveen closed-end funds. These funds represent a broad range of investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios to deliver cash flow.

In addition, distribution information for the Nuveen Global Value Opportunities Fund (JGV) and the Nuveen Tax-Advantaged Dividend Growth Fund (JTD) are included in the table below. Distribution information was previously declared on August 1 for JGV, and represents an increase from the fund's last quarterly distribution. Distribution information was previously declared on August 8 for JTD, and represents the first distribution for this fund. The Nuveen Tax-Advantaged Dividend Growth Fund began trading on the New York Stock Exchange on June 27, 2007.

Distributions from Nuveen's taxable closed-end funds are generally subject to Federal income taxes. In addition, distributions for the Nuveen Real Estate Income Fund (JRS) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported to JRS after year-end by real estate investment trusts (REITs) whose securities are held by the fund.

Each of these funds has adopted a managed distribution program. The goal of a fund's managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, regular distributions throughout the year will likely include a portion of expected long-term gains (both realized and unrealized), along with net investment income. Important points to understand about Nuveen fund managed distributions are:

-- Each Nuveen fund seeks to establish a relatively stable distribution rate that roughly corresponds to the projected total return from its investment strategy over an extended period of time. However, you should not draw any conclusions about a fund's past or future investment performance from its current distribution rate.

-- Actual returns will differ from projected long-term returns (and therefore a fund's distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value.

-- Each quarter's distributions are expected to be paid from some or all of the following sources:

        -- net investment income (regular interest and dividends),
        -- realized capital gains, and
        -- unrealized gains, or, in certain cases, a return of
           principal (non-taxable distributions)

-- A non-taxable distribution is a payment of a portion of the fund's capital. When fund returns exceed distributions, it may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund's total return exceeds distributions.

-- Because distribution source estimates are updated quarterly based on a fund's performance and forecast for its current fiscal year (which is the calendar year for all the funds listed below), these estimates may differ from both the tax information reported to you in your fund's 1099 statement, as well as the ultimate economic sources of distributions over the life of your investment.

Information regarding each fund's distributions and total return performance over various time periods will be sent to shareholders with their distributions, and posted on www.nuveen.com/cef .

Additionally, estimates of each fund's distribution sources, reflecting year-to-date cumulative experience will also be mailed to shareholders and shown on www.nuveen.com/cef. These estimates are for informational purposes only. The estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each fund's investment experience during the remainder of its fiscal year. The final determination of the source and tax characteristics of all distributions will be made in early 2008 and reported to shareholders on Form 1099-DIV at that time.

The following dates apply to today's distribution declarations:

        Record Date                    September 15, 2007
        Ex-Dividend Date               September 12, 2007
        Payable Date                   October 1, 2007



                                           Quarterly Distribution
                                                  Per Share
                                       -------------------------------
                                                         Change From
                                                          Previous
                                            Amount          Quarter
                                       -------------------------------
        Global Equity
        ------------------------------
        Nuveen Global Value
JGV(1)   Opportunities Fund                 .4300           .0520

        Equity
        ------------------------------
        Tax-Advantaged Total Return
JTA      Strategy Fund                      .5075           .0235
        Nuveen Tax-Advantaged Dividend
JTD(2)   Growth Fund                        .4050                    -
JCE     Core Equity Alpha Fund              .4300                    -

        Real Estate
        ------------------------------
JRS     Real Estate Income Fund             .5700                    -

        Equity Option
        ------------------------------
JPZ     Equity Premium Income Fund          .4260                    -
        Equity Premium Opportunity
JSN      Fund                               .4440                    -
JLA     Equity Premium Advantage Fund       .4530                    -
JPG     Equity Premium and Growth Fund      .4050                    -

        Balanced
        ------------------------------
        Diversified Dividend and
JDD      Income Fund                        .3880                    -

        Multi-Strategy
        ------------------------------
        Multi-Strategy Income and
JPC      Growth Fund                        .2850                    -
        Multi-Strategy Income and
JQC      Growth Fund 2                      .2850                    -

        Global Debt
        ------------------------------
        Global Government Enhanced
JGG      Income Fund                        .4050                    -
        Nuveen Multi-Currency Short-
JGT      Term Govt Income Fund              .4510                    -

(1) This distribution for JGV was previously declared on August 1,
 2007.
(2) This distribution for JTD was previously declared on August 8,
 2007.

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 NWQ, Nuveen, Santa Barbara, Tradewinds, Rittenhouse and Symphony. In total, the Company manages $172 billion in assets as of June 30, 2007. Nuveen Investments is listed on the New York Stock Exchange and trades under the symbol "JNC."