Nuveen Investments Welcomes United States Supreme Court Decision Reaffirming Access and Established Practices for Investors in Key Municipal Bond Case

Business Wire, May 19, 2008

CHICAGO -- Nuveen Investments, a leading provider of diversified investment services, today expressed its support for the United States Supreme Court's ruling in the case of Kentucky vs. Davis.

"Today, the Supreme Court upheld a long-established practice for large states and small municipalities alike, to fairly and efficiently access the capital markets to create, operate and enhance the essential services of communities across the nation," said John V. Miller, Chief Investment Officer, Nuveen Investments. "Removing any uncertainty surrounding the tax treatment of income from municipal bonds issued within a particular state helps to ensure the orderly operations of the municipal bond market in which millions of individual Americans and local governments participate."

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, Santa Barbara, Tradewinds, Rittenhouse, Symphony and Nuveen, including the Nuveen HydePark Group. In total, the Company managed $153 billion in assets as of March 31, 2008. For more information, please visit the Nuveen Investments website at www.nuveen.com.