Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that three
closed-end funds have each filed initial registration statements to
establish equity shelf programs. The programs are designed to provide
the funds' portfolio managers with additional flexibility in pursuing
attractive investment opportunities they believe may enhance long-term
shareholder returns. Under the equity shelf programs, the funds, subject
to market conditions, may raise additional equity capital, by issuing
additional common shares, from time to time in varying amounts and
offering methods at a net price at or above each fund's net asset value
per common share. The funds which have filed the initial registration
statements are listed below:
Nuveen Select Tax-Free Income Portfolio (NYSE: NXP),
Tax-Free Income Portfolio 2 (NYSE: NXQ) and
Nuveen Select Tax-Free
Income Portfolio 3 (NYSE: NXR).
Each fund has filed a registration statement with the Securities and
Exchange Commission relating to its proposed shelf offering. The
information in the preliminary prospectus contained in each registration
statement is not complete and may be changed. New shares of each fund
will not be sold until its registration statement is effective. The
preliminary prospectus is not an offer to sell newly registered shares
and is not soliciting an offer to buy newly registered shares in any
jurisdiction where the offer or sale is not permitted.
Investors should consider each fund's investment objectives, risks,
charges and expenses carefully before investing and may obtain full fund
information by visiting Nuveen's web site at www.nuveen.com/cef
or by contacting Nuveen Investments at 1-800-257-8787.
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 $220 billion as of September 30, 2012.
For more information, please visit the Nuveen Investments website at www.nuveen.com.
Kristyna Munoz, (312)