NKO Nuveen New York Dividend Advantage Municipal Income Fund Common Shares of Beneficial Interest Par Value $.01

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that several municipal closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date mentioned below.

These additional cash dividends, which are taxable under the Internal Revenue Code, may include long-term capital gains as well as ordinary income arising from gains upon the sale of securities held for one year or less and, pursuant to the Revenue Reconciliation Act of 1993, market discount realized upon the sale of securities.

The following dates apply to today’s distribution declarations:

Record Date     December 15, 2011 Ex-Dividend Date December 13, 2011 Payable Date December 30, 2011 Reinvest Date December 30, 2011       Amount Per Share Ordinary Income   Taxable   Short-Term Long-Term Income Capital Gain Capital Gain

Ticker

Closed-End Fund

NMA Advantage .0211 .0096 .1340 NXZ Dividend Advantage 2 .0030 - .1222 NZF Dividend Advantage 3 - - .0352 NAD Dividend Advantage .0055 - .0376 NQU Quality Income - - .0418 NQS Select Quality - - .0598 NXP Select Portfolio .0014 - - NXR Select Portfolio 3 .0014 - .0128 NNJ NJ Premium Income - - .0029 NXJ NJ Dividend Advantage - - .0008 NUJ NJ Dividend Advantage 2 - - .0009 NPN PA Municipal Value - - .0006 NXM PA Dividend Advantage - - .0049 NVY PA Dividend Advantage 2 - - .0053 NTC CT Premium Income - - .0052 NFC CT Dividend Advantage - - .0025 NGK CT Dividend Advantage 2 - - .0017 NPV VA Premium Income - - .0049 NMT MA Premium Income - - .0056 NQN

NY Investment Quality

.0033 - .0199 NVN

NY Select Quality

- - .0150 NUN

NY Quality Income

- - .0121 NNF

NY Insured Premium Income

- - .0011 NAN

NY Dividend Advantage

- - .0012 NKO

NY Insured Dividend Advantage

- - .0010 NRK

NY Insured Tax-Free Advantage

- - .0008 NUV Municipal Value .0370 .0138 .2473 NQI Insured Quality .0023 - - NIO Insured Opportunity - - .0058 NVG Insured Dividend Advantage - - .0282 NMZ High Income Opportunity Fund .0148 - - NMD High Income Opportunity Fund 2 .0014 - - NEV Enhanced Municipal Value Fund .0009 - -  

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, NWQ, Santa Barbara, Symphony, Tradewinds, and Winslow Capital. In total, Nuveen Investments managed $207 billion as of October 31, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.