NPM Nuveen Premium Income Municipal Fund II, Inc.

Nuveen, an operating division of TIAA Global Asset Management, today announced that shareholders of nine national municipal closed-end funds have approved plans to merge the funds. The names of each acquiring fund will be changed upon merger effectiveness as shown in the table below. Please note that the new fund names are different from those listed in the N-14 registration statements. The name changes were approved by the Board of Trustees on July 13, 2016.

As previously announced, the funds will be merged as follows:

              Acquired Fund   Symbol   Acquiring Fund   Symbol Nuveen Premier Municipal Income Fund, Inc.   NPF  

Nuveen Dividend AdvantageMunicipal Fund, to be renamedNuveen Quality MunicipalIncome Fund

  NAD Nuveen Premium Income Municipal Fund, Inc. NPI Nuveen Select Quality Municipal Fund, Inc. NQS Nuveen Investment Quality Municipal Fund, Inc.   NQM         Nuveen Municipal Market Opportunity Fund, Inc. NMO

Nuveen AMT-Free MunicipalIncome Fund, to be renamedNuveen AMT-Free QualityMunicipal Income Fund

NEA

Nuveen Premium Income Municipal Fund 2, Inc. NPM Nuveen Performance Plus Municipal Fund, Inc.   NPP        

Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to close prior to the opening of the New York Stock Exchange on September 12, 2016.

Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Funds are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at www.nuveen.com.

FORWARD LOOKING STATEMENTS

Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:

  •   market developments; • legal and regulatory developments; and • other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

18776-INV-O-08/17

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