NKL Nuveen Insured California Dividend Advantage Municipal Fund Common Shares of Beneifical Interest

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that 109 Nuveen closed-end funds had declared regular monthly distributions. These funds represent a broad range of tax-exempt, taxable fixed and floating rate income investment strategies for investors seeking to build sophisticated and diversified long-term investment portfolios for cash flow. The funds’ monthly distributions are listed below.

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 closed-end funds that pay monthly distributions generally seek to pay stable distributions at rates that reflect each fund’s past results and projected future performance (with one exception being JFP, which is specifically discussed below). During certain periods, each fund may pay distributions at a rate that may be more or less than the amount of net investment income actually earned by the fund during the period. If a fund cumulatively earned more than it has paid in distributions, it holds the excess in reserve as undistributed net investment income (UNII) as part of the fund’s net asset value (NAV). Conversely, if a fund has cumulatively paid distributions in excess of its earnings, the excess constitutes negative UNII that is likewise reflected in the fund’s NAV. Each fund will, over time, pay all of its net investment income as distributions to shareholders. The funds’ positive or negative UNII balances are disclosed in their periodic shareholder reports, and approximately monthly on www.nuveen.com/cef.

In addition, distributions for certain funds investing in real estate investment trusts (REITs) may later be characterized as capital gains and/or a return of capital, depending on the character of the dividends reported after year-end to each fund by REIT securities held by each fund. Nuveen preferred securities funds, JTP, JPS and JHP may invest a significant portion of assets in REITs. A list of funds that are likely to be affected by re-characterization is posted to www.nuveen.com each January, and updated tax characteristics are posted to the web site and mailed to shareholders via form 1099-DIV during the first quarter of the year.

The monthly distribution amount for JFP is at a level that the fund expects will cause the fund’s distributions to closely match its net earnings for the fiscal year. However, some securities held in that fund’s portfolio have suspended paying scheduled dividends, and uncertainties remain whether issuers of those securities will resume dividend payments or whether other issuers will also elect to suspend dividends. This creates a chance that the fund’s net earnings for the year will be less than the total dividends paid by JFP. If that happens, the difference will be treated for tax purposes as a return of capital to fund shareholders.

The following dates apply to today’s distribution declarations:

Record Date         March 15, 2010 Ex-Dividend Date March 11, 2010 Payable Date April 1, 2010       Monthly Tax-Free Distribution Per Share Change From Amount Previous Month

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Closed-End Portfolios

NXP Select Portfolio

$.0595

- NXQ Select Portfolio 2 .0555 - NXR Select Portfolio 3 .0535 - NXC CA Select Portfolio .0555 - NXN NY Select Portfolio .0510 -  

Closed-End Funds

Non-Leveraged Funds

NUV Municipal Value .0390 - NUW Municipal Value 2 .0750 - NCA CA Municipal Value .0380 - NNY NY Municipal Value .0355 - NMI Municipal Income .0470 - NIM Select Maturities .0350 - NYV NY Municipal Value 2 .0640 - NCB CA Municipal Value 2 .0690 - NJV NJ Municipal Value .0640 - NPN PA Municipal Value .0650 -     Change From Amount Previous Month

Leveraged Funds

National

NPI Premium Income .0730 .0020 NPP Performance Plus .0760 - NMA Advantage .0810 - NMO Market Opportunity .0800 - NQM Investment Quality .0750 - NQI Insured Quality .0710 - NQS Select Quality .0820 - NQU Quality Income .0760 - NIO Insured Opportunity .0690 .0015 NPF Premier .0700 - NIF Premier Insured .0740 .0020 NPM Premium Income 2 .0730 - NPT Premium Income 4 .0690 .0020 NPX Insured Premium 2 .0620 - NAD Dividend Advantage .0760 - NXZ Dividend Advantage 2 .0800 - NZF Dividend Advantage 3 .0780 - NVG Insured Dividend Advantage .0700 - NEA Insured Tax-Free Advantage .0680 - NMZ High Income Opportunity Fund .0835 - NMD High Income Opportunity Fund 2 .0800 - NEV Enhanced Municipal Value Fund .0760 -

California

NCP Performance Plus .0750 .0040 NCO Market Opportunity .0750 - NQC Investment Quality .0750 .0020 NVC Select Quality .0790 - NUC Quality Income .0800 - NPC Insured Premium Income .0690 .0040 NCL Insured Premium Income 2 .0720 .0030 NCU Premium Income .0700 .0035 NAC Dividend Advantage .0720 - NVX Dividend Advantage 2 .0790 - NZH Dividend Advantage 3 .0750 - NKL Insured Dividend Advantage .0750 - NKX Insured Tax-Free Advantage .0660 -

New York

NNP Performance Plus .0680 - NQN Investment Quality .0635 - NVN Select Quality .0650 .0010 NUN Quality Income .0670 .0040 NNF Insured Premium Income .0620 .0020   Change From Amount Previous Month NAN Dividend Advantage .0655 - NXK Dividend Advantage 2 .0665 - NKO Insured Dividend Advantage .0645 - NRK Insured Tax-Free Advantage .0615 -

Other State Funds

NAZ AZ Premium Income .0590 - NFZ AZ Dividend Advantage .0590 .0020 NKR AZ Dividend Advantage 2 .0660 .0020 NXE AZ Dividend Advantage 3 .0620 - NTC CT Premium Income .0590 - NFC CT Dividend Advantage .0640 - NGK CT Dividend Advantage 2 .0660 .0010 NGO CT Dividend Advantage 3 .0600 - NPG GA Premium Income .0590 - NZX GA Dividend Advantage .0640 - NKG GA Dividend Advantage 2 .0600 - NMY MD Premium Income .0620 - NFM MD Dividend Advantage .0650 - NZR MD Dividend Advantage 2 .0660 .0010 NWI MD Dividend Advantage 3 .0630 - NMT MA Premium Income .0650 - NMB MA Dividend Advantage .0690 .0050 NGX Insured MA Tax-Free Advantage .0630 - NUM MI Quality Income .0660 - NMP MI Premium Income .0650 .0010 NZW MI Dividend Advantage .0640 - NOM MO Premium Income .0590 .0020 NQJ NJ Investment Quality .0660 .0010 NNJ NJ Premium Income .0660 .0030 NXJ NJ Dividend Advantage .0660 .0010 NUJ NJ Dividend Advantage 2 .0680 - NNC NC Premium Income .0620 - NRB NC Dividend Advantage .0700 .0010 NNO NC Dividend Advantage 2 .0680 - NII NC Dividend Advantage 3 .0660 - NUO OH Quality Income .0740 - NXI OH Dividend Advantage .0700 - NBJ OH Dividend Advantage 2 .0690 - NVJ OH Dividend Advantage 3 .0730 - NQP PA Investment Quality .0710 .0010 NPY PA Premium Income 2 .0690 .0030 NXM PA Dividend Advantage .0710 .0020 NVY PA Dividend Advantage 2 .0730 .0030 NTX TX Quality Income .0680 - NPV VA Premium Income .0670 - Change From Amount Previous Month NGB VA Dividend Advantage .0640 - NNB VA Dividend Advantage 2 .0660 -  

Closed-End Funds:

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Taxable Funds

Preferred Securities

JTP Quality Preferred Income Fund .0480 - JPS Quality Preferred Income Fund 2 .0540 - JHP Quality Preferred Income Fund 3 .0510 -

Floating Rate: Corporate Loans

- NSL Senior Income Fund .0400 - JFR Floating Rate Income Fund .0510 - JRO Floating Rate Income Opportunity Fund .0620 -

Floating Rate: Tax Advantaged

- JFP Tax-Advantaged Floating Rate Fund .0150 -

Mortgage-Backed Securities

JLS Mortgage Opportunity Term Fund .1725 -       Monthly Tax-Free

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MuniFund Term Preferred

Distribution Per Share NVG PrC Nuveen Insured Dividend Advantage Municipal Fund MTP .024583 NGB PrC Nuveen Virginia Dividend Advantage Municipal Fund MTP .023333 NNB PrC Nuveen Virginia Dividend Advantage Municipal Fund 2 MTP .023333 NAN PrC Nuveen New York Dividend Advantage Municipal Fund MTP .022500 NZH PrC Nuveen California Dividend Advantage Municipal Fund 3 MTP .024583 NEA PrC Nuveen Insured Tax-Free Advantage Municipal Fund MTP .023750 NKG PrC Nuveen Georgia Dividend Advantage Municipal Fund 2 MTP .022083 NMT PrC Nuveen Massachusetts Premium Income Municipal Fund MTP .022083 NMY PrC Nuveen Maryland Premium Income Municipal Fund MTP .022083 NNC PrC Nuveen North Carolina Premium Income Municipal Fund MTP .022083 NPV PrC Nuveen Virginia Premium Income Municipal Fund MTP .022083 NTC PrC Nuveen Connecticut Premium Income Municipal Fund MTP .022083

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 $141 billion of assets on September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.