New York, November 15, 2013 -- Moody's Investors Service, ("Moody's") has upgraded the short-term ratings of Variable Rate Demand Preferred (VRDP) Shares/Series issued by 12 closed-end funds to P-1 from P-2 on review for possible upgrade. The short term ratings of the VRDP shares are based on Liquidity Purchase Agreements provided by Bank of America, N.A. and Citibank, N.A. These rating actions follow Moody's rating actions taken on November 14, 2013 upgrading the short-term ratings of the Bank of America, N.A. and Citibank, N.A. to P-1. The closed-end funds, listed below, are managed by either BlackRock Advisors, LLC, or Nuveen Fund Advisors, LLC, as indicated. Please use the following link to access Moody's announcement of these rating actions:

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