Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Nuveen Ohio Quality Income Municipal Fund (NYSE: NUO) and Nuveen Arizona Premium Income Municipal Fund (NYSE: NAZ) have declared additional, post-merger distributions. These distributions follow the recently announced merger, which was successfully completed before the market open on April 8, 2013.

First, NUO today declared an additional distribution on its common shares. The following dates apply to today's NUO common share distribution:

Record Date   April 18, 2013  
Ex-Dividend Date April 16, 2013
Payable Date May 1, 2013
Reinvest Date May 1, 2013 Distribution Per Share
Tax Exempt
Amount

Ticker

Closed-End Portfolios

NUO Nuveen Ohio Quality Income Municipal Fund $.0279
 

The purpose of this additional distribution is to ensure that shareholders will not experience a reduced monthly tax-exempt distribution amount. When combined with pre-merger distributions, declared March 26, 2013 payable May 1, 2013, all shareholders from funds participating in the Ohio merger will receive a total dollar amount equal to or greater than the tax-exempt income declared by their original fund in the previous month. To view the pre-merger dividend declaration, please click here.

In addition, for both the Arizona and Ohio mergers, Muni-Term Preferred (MTP) shares of acquired funds were replaced by newly issued shares of MTP from the acquiring fund with substantially similar terms. The initial distribution for these new MTP shares is prorated for the period April 8, 2013 through April 30, 2013.

The following dates apply to today's distribution declarations for the following MTP Shares issued by NAZ and NUO:

Record Date   April 18, 2013  
Ex-Dividend Date April 16, 2013
Payable Date May 1, 2013

Ticker

MuniFund Term Preferred

Tax-Free Distribution
Per Share

NAZ PrC Nuveen Arizona Premium Income Municipal Fund MTP .013097
NAZ PrD Nuveen Arizona Premium Income Municipal Fund MTP .018528
NUO PrA Nuveen Ohio Quality Income Municipal Fund MTP .015014
NUO PrC Nuveen Ohio Quality Income Municipal Fund MTP .015014
NUO PrD Nuveen Ohio Quality Income Municipal Fund MTP .018847
 

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.*

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates--Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. In total, Nuveen Investments managed approximately $219 billion as of December 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.

*Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

Nuveen Investments
Media Contact:
Kristyna Munoz
(312) 917-8343
kristyna.munoz@nuveen.com