NMP Nuveen Michigan Premium Income Municipal Fund, Inc.

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the reorganization of certain Nuveen Michigan closed-end funds is expected to close prior to the opening of the New York Stock Exchange on January 7, 2013. As part of a previously announced reorganization, the funds will be merged as follows:

              Acquired Fund   Symbol   Acquiring Fund   Symbol

• Nuveen Michigan Premium

  NMP   Nuveen Michigan Quality   NUM Income Municipal Fund, Inc. Income Municipal Fund, Inc.

• Nuveen Michigan Dividend

NZW Advantage Municipal Fund              

More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.

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.