NAN Nuveen New York Quality Municipal Income Fund

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors today announced that the MuniFund Term Preferred shares (MTP) of both the Nuveen New York Dividend Advantage Municipal Fund (NAN PrC) and the Nuveen California Dividend Advantage Municipal Fund 3 (NZH PrC) are now trading on the New York Stock Exchange (NYSE) and that the funds have declared their first distributions. These distributions cover the time period of 40 days between the shares’ settlement on December 21, 2009 and the payable date of February 1, 2010 for NAN PrC and 39 days between the shares’ settlement on December 22, 2009 and the payable date of February 1, 2010 for NZH PrC. Based on the par amount of $10 per share, this distribution reflects an annualized distribution rate of 2.700 percent for NAN PrC and 2.950 percent for NZH PrC.

MuniFund Term Preferred Shares are a form of preferred share issued by Nuveen municipal bond closed-end funds for the purposes of locking in leverage costs at an attractive fixed tax-exempt cost and to hedge against the risk of rising short-term rates. This hedging effort is designed to improve future common share net earnings and distributions, and to simultaneously provide the opportunity for partial or full liquidity at par for that fund’s outstanding auction-rate preferred shares (ARPS).

The following dates apply to today’s dividend declaration:

Record Date         January 22, 2010 Ex-Dividend Date January 20, 2010 Payable Date February 1, 2010      

Tax-Free*Distribution Per Share

  Amount

Ticker

Fund Name

NAN PrC Nuveen New York Dividend Advantage Municipal Fund MuniFund Term Preferred Shares $.030000 NZH PrC Nuveen California Dividend Advantage Municipal Fund 3 MuniFund Term Preferred Shares $.031958

*Income may be subject to state and local taxes as well as the Federal Alternative Minimum Tax.

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 $141 billion of assets on September 30, 2009. For more information, please visit the Nuveen Investments website at www.nuveen.com.