Nuveen Tax-Advantaged Floating Rate Fund Provides Information Update

The Nuveen Tax-Advantaged Floating Rate Fund (NYSE MKT: JFP) today announced that an updated investor Q&A has been posted, providing new details on the recently approved action to liquidate the fund and distribute the assets to shareholders of the fund. The fund now expects to make a single liquidating distribution to shareholders in cash. The updated information about this action and the liquidation process can be found in the JFP Liquidation Q&A by clicking here.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual 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—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.