Message #4 From:
Stock News Bot Date: July 3, 2006 11:34:00 AM
NXJ News Nuveen Investments Announces New Portfolio Manager Assignments
CHICAGO--(BUSINESS WIRE)--July 3, 2006--Nuveen Investments, a leading provider of diversified investment services, today announced the reassignment of responsibility for managing several national municipal exchange-traded closed-end funds to seasoned Nuveen portfolio manager Paul Brennan. Ten of the funds were previously managed by Dan Solender, who has left the firm. In addition, Nuveen portfolio manager Cathryn Steeves will assume responsibility for the state-specific funds previously managed by Brennan. The changes are effective immediately and will have no impact on the funds' investment objectives or policies.
Brennan has managed a number of East Coast, state-specific open- and closed-end municipal bond funds. He began his career in the investment business in 1991 as a municipal credit analyst and became a portfolio manager in 1994. He joined Nuveen Investments in 1997 and currently sits on the Nuveen Asset Management (NAM) Investment Management Committee. Brennan is a Chartered Financial Analyst and Certified Public Accountant.
Brennan has assumed portfolio management responsibilities for the following exchange-traded closed-end funds:
Nuveen Insured Dividend Advantage Municipal Fund (AMEX:NVG)
Nuveen Insured Municipal Opportunity (NYSE:NIO)
Nuveen Insured Premium Income Municipal Fund 2 (NYSE:NPX)
Nuveen Insured Quality Municipal (NYSE:NQI)
Nuveen Insured Tax-Free Advantage Municipal Fund (AMEX:NEA)
Nuveen Investment Quality Municipal (NYSE:NQM)
Nuveen Premier Insured Municipal Income Fund (NYSE:NIF)
Nuveen Premier Municipal Income Fund (NYSE:NPF)
Nuveen Premium Income Municipal Fund (NYSE:NPI)
Nuveen Premium Income Municipal Fund 2 (NYSE:NPM)
Nuveen Premium Income Municipal Fund 4 (NYSE:NPT)
Nuveen Dividend Advantage Municipal Fund 3 (AMEX:NZF)
Nuveen Select Maturities Municipal Fund (NYSE:NIM).
Steeves has assumed portfolio management responsibility for Nuveen's East Coast, state-specific municipal bond funds, most recently managed by Brennan, in addition to her current responsibility for several Midwest and Southeast state-specific municipal bond funds. Steeves joined Nuveen in 1996 and worked as a senior analyst in the healthcare sector. She has an undergraduate degree from Wake Forest University and a PhD from Columbia University. Dan Close will work closely with Steeves as an assistant portfolio manager on a number of the funds. Close holds a BS in Business from Miami University and is a Chartered Financial Analyst.
Steeves has assumed portfolio management responsibility for the following exchange-traded closed-end funds:
Nuveen CT Dividend Advantage Municipal Fund (AMEX:NFC)
Nuveen CT Dividend Advantage Municipal Fund 2 (AMEX:NGK)
Nuveen CT Dividend Advantage Municipal Fund 3 (AMEX:NGO)
Nuveen CT Premium Income Municipal Fund (NYSE:NTC)
Nuveen Insured MA Tax-Free Advantage Municipal Fund (AMEX:NGX)
Nuveen Insured NY Dividend Advantage Municipal Fund (AMEX:NKO)
Nuveen Insured NY Premium Income Municipal (NYSE:NNF)
Nuveen Insured NY Tax-Free Advantage Municipal Fund (AMEX:NRK)
Nuveen MA Dividend Advantage Municipal Fund (AMEX:NMB)
Nuveen MA Premium Income Municipal (NYSE:NMT)
Nuveen MD Dividend Advantage Municipal Fund (AMEX:NFM)
Nuveen MD Dividend Advantage Municipal Fund 2 (AMEX:NZR)
Nuveen MD Dividend Advantage Municipal Fund 3 (AMEX:NWI)
Nuveen MD Premium Income Municipal (NYSE:NMY)
Nuveen NJ Dividend Advantage Municipal Fund (AMEX:NXJ)
Nuveen NJ Dividend Advantage Municipal Fund 2 (AMEX:NUJ)
Nuveen NJ Investment Quality Municipal Fund (NYSE:NQJ)
Nuveen NJ Premium Income Municipal (NYSE:NNJ)
Nuveen NY Dividend Advantage Municipal Fund (NYSE:NAN)
Nuveen NY Investment Quality Municipal (NYSE:NQN)
Nuveen NY Municipal Value (NYSE:NNY)
Nuveen NY Performance Plus Municipal Fund (NYSE:NNP)
Nuveen NY Quality Income Municipal (NYSE:NUN)
Nuveen NY Select Quality Municipal Fund (NYSE:NVN)
Nuveen NY Select Tax-Free Income Portfolio (NYSE:NXN)
Nuveen PA Dividend Advantage Municipal Fund (AMEX:NXM)
Nuveen PA Dividend Advantage Municipal Fund 2 (AMEX:NVY)
Nuveen PA Investment Quality Municipal Fund (NYSE:NQP)
Nuveen PA Premium Income Municipal Fund 2 (NYSE:NPY)
Nuveen VA Dividend Advantage Municipal Fund (AMEX:NGB)
Nuveen VA Dividend Advantage Municipal Fund 2 (AMEX:NNB)
Nuveen VA Premium Income Municipal Fund (NYSE:NPV)
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 highly specialized investment teams, each with its own brand-name and area of expertise: NWQ, specializing in value-style equities; Nuveen, focused on fixed-income investments; Santa Barbara, committed to growth equities; Tradewinds NWQ specializing in global value equities; Rittenhouse, dedicated to "blue-chip" growth equities; and Symphony, with expertise in alternative investments as well as equity and income portfolios. The Company manages $145 billion in assets. Nuveen Investments is listed on The New York Stock Exchange and trades under the symbol "JNC."
