NFL Nuveen Insured Florida Premium Income Municipal Fund

Fourteen closed-end funds sponsored by Nuveen Investments today called for redemption at par a portion of their outstanding auction-rate preferred securities (ARPS). The funds� Board of Trustees has approved each redemption, which total more than $59 million. Each of the funds will be using tender option bonds (TOBs) to finance the partial redemption of its ARPS. TOBs are floating rate securities issued by trusts into which a fund has deposited municipal securities.

The funds issuing at-par redemption notices are:

Insured Tax Free Advantage Muni Fund (NEA)

� � � Georgia Dividend Advantage Municipal Fund 2 (NKG) Premier Insured Municipal Income Fund (NIF) Georgia Premium Income Municipal Fund (NPG) California Municipal Market Opportunity Fund (NCO) New Jersey Dividend Advantage Municipal Fund 2 (NUJ) California Select Quality Municipal Fund (NVC) New Jersey Investment Quality Municipal Fund (NQJ) Insured Florida Premium Income Municipal Fund (NFL) North Carolina Dividend Advantage Municipal Fund (NRB) Insured Florida Tax Free Advantage Muni Fund (NWF) Virginia Dividend Advantage Municipal Fund 2 (NNB) Georgia Dividend Advantage Municipal Fund (NZX) Virginia Premium Income Municipal Fund (NPV)

For each fund having multiple auction-rate preferred share series, the fund�s redemption amount will be allocated on a pro rata basis among such series.

The Depository Trust Company (DTC), the securities� holder of record, determines how each partial redemption for a particular series will be allocated among each participant broker-dealer account for that series. Each participant broker-dealer, as nominee for underlying beneficial owners (street-name shareholders), in turn determines how redeemed shares are allocated among its underlying beneficial owners. The procedures used by different broker-dealers to allocate redeemed shares among beneficial owners may differ from each other as well as from the procedures used by DTC.

The tables below list the total number of shares, par amounts and scheduled redemption dates for these redemptions, which are pro rata by series:

NEA is redeeming $2.5 million of its $131.15 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date T � 670657204 � 50 � $1,250,000 � June 24, 2009 W � 670657303 � 50 � $1,250,000 � June 25, 2009

NIF is redeeming $9.175 million of its $139.3 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date W � 670987403 � 47 � $1,175,000 � June 25, 2009 TH � 670987205 � 160 � $4,000,000 � June 26, 2009 F � 670987304 � 160 � $4,000,000 � June 29, 2009

NCO is redeeming $10.125 million of its $58.9 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date W � 67062U206 � 405 � $10,125,000 � June 25, 2009

NVC is redeeming $4.525 million of its $164.15 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date T � 670975200 � 56 � $1,400,000 � June 24, 2009 W � 670975408 � 40 � $1,000,000 � June 25, 2009 TH � 670975309 � 85 � $2,125,000 � June 26, 2009

NFL is redeeming $8.825 million of its $111.0 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date W � 67101V306 � 130 � $3,250,000 � June 25, 2009 TH � 67101V207 � 223 � $5,575,000 � June 26, 2009

NWF is redeeming $2.25 million of its $29.0 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date W � 670655208 � 90 � $2,250,000 � June 25, 2009

NZX is redeeming $1.1 million of its $15.0 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date M � 67070T209 � 44 � $1,100,000 � June 23, 2009

NKG is redeeming $2.4 million of its $31.7 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date F � 67072B206 � 96 � $2,400,000 � June 29, 2009

NPG is redeeming $2.1 million of its $27.8 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date TH � 67060F201 � 84 � $2,100,000 � June 26, 2009

NUJ is redeeming $0.775 million of its $32.6 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date W � 67071T208 � 31 � $775,000 � June 25, 2009

NQJ is redeeming $3.525 million of its $149.825 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date M � 670971209 � 70 � $1,750,000 � June 23, 2009 TH � 670971308 � 43 � $1,075,000 � June 26, 2009 F � 670971407 � 28 � $700,000 � June 29, 2009

NRB is redeeming $0.925 million of its $17.0 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date T � 67069N205 � 37 � $925,000 � June 24, 2009

NNB is redeeming $4.25 million of its $41.175 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date M � 67071C205 � 170 � $4,250,000 � June 23, 2009

NPV is redeeming $6.8 million of its $63.8 million of currently outstanding ARPS.

� � Total Shares � Total Amount � Redemption Series � Cusip # � Redeemed � Redeemed � Date T � 67064R300 � 89 � $2,225,000 � June 24, 2009 TH � 67064R201 � 183 � $4,575,000 � June 26, 2009

For more information about Nuveen closed-end funds, visit www.nuveen.com/cef. ARPS information and updates are posted on Nuveen�s auction-rate preferred resource center at www.nuveen.com/arps.

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 $115 billion of assets on March 31, 2009.