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Nuveen Tax-Advantaged Floating Rate Fund Declares Monthly Distribution

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^{Published in Business and Finance on Tuesday, February 3rd 2009 at 14:59 GMT, Last Modified on 2009-02-03 15:00:35 by Market Wire}  

CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that Nuveen Tax-Advantaged Floating Rate Fund (NYSE: JFP) has declared its next regular monthly distribution.

JFP has implemented a managed distribution policy which permits it to include as part of its monthly distributions supplemental amounts from sources other than net investment income. The fund currently expects that any supplemental amounts would represent anticipated portfolio price appreciation over time once financial market conditions stabilize and prospects begin to improve for the middle market financial companies in which the fund primarily invests. Because the timing and extent of any such recovery is presently difficult to assess in light of continued market volatility and the negative effects on financial companies of the on-going credit crisis, the fund's latest monthly distribution is estimated to contain only net investment income and does not include any supplemental amounts.

The fund will post information and estimates on [ www.nuveen.com/cef ] regarding the sources of distributions and total return performance over various time periods. In addition, at least in any month in which fund distributions include supplemental amounts from sources other than net investment income, the fund will also send this information directly to shareholders.

Estimates are for informational purposes only. Estimates are calculated on a tax basis rather than on a generally accepted accounting principles (GAAP) basis, but should not be used for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon the fund's investment experience during the remainder of its fiscal year. The final determination of the source and tax characteristics of all distributions paid in 2009 will be made in early 2010 and reported to shareholders on Form 1099-DIV at that time.

The following dates apply to today's distribution declarations:

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. In total, the Company managed $134 billion of assets on September 30, 2008. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].