Nuveen Tax-Advantaged Floating Rate Fund Announces Publication of Weekly NAV

Nuveen Investments, a leading global provider of investment services to institutions as well as high-net-worth and affluent investors, today announced that Nuveen Tax-Advantaged Floating Rate Fund (JFP) beginning November 14, 2011, will publish its net asset value (NAV) weekly instead of daily. The Fund will publish its NAV on the last business day of each week, as well as on the last business day of the month. JFP’s investment objective to provide an attractive level of after-tax current income with a secondary objective of capital preservation will remain unchanged.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of June 30, 2011 across equity, fixed income and specialized strategies. For more information, please visit the Nuveen Investments website at www.nuveen.com.