NQF Nuveen Florida Investment Quality Municipal Fund

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that four Nuveen closed-end funds, NWF, NFL, NQF and NUF, declared final distributions in advance of their scheduled October 16th merger. It was recently announced that the Board of Trustees have approved the consummation of the merger of each of the four Florida funds with one of three of Nuveen’s national closed-end municipal bond funds. The funds’ distributions are listed below.

These final distributions are comprised of the normal monthly distribution amount plus all undistributed net investment income earned through the effective date of the merger. In order to comply with distribution requirements under the tax code, the funds are required to distribute all of their net investment income prior to the consummation of the merger.

Distributions from Nuveen's municipal closed-end funds and portfolios are generally exempt from regular Federal income taxes, and distributions of single-state municipal funds and portfolios are also exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, distributions of the municipal funds and portfolios may be subject to the Federal Alternative Minimum Tax for some shareholders. For more information about Nuveen closed-end funds, visit www.nuveen.com/cef.

The following dates apply to today’s distribution declarations:

Record Date       October 15, 2009 Ex-Dividend Date October 13, 2009 Payable Date November 2, 2009             Additional   Pre-Merger Monthly Required Total Distribution Distribution Distribution Nuveen Insured Florida Premium Income Fund (NFL) .0600 .0900 .1500 Nuveen Florida Investment Quality Municipal Fund (NQF) .0670 .1015 .1685 Nuveen Florida Quality Income Municipal Fund (NUF) .0580 .0708 .1288 Nuveen Insured Florida Tax-Free Advantage Muni Fund (NWF) .0560 .0731 .1291

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 Capital. In total, the Company managed $128 billion of assets on June 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.