Nuveen Insured California Dividend Advantage Municipal Fund

As of May 7, 2012. Nuveen Insured California Dividend Advantage Municipal Fund has been acquired by Nuveen California AMT Free Municipal Income Fund. Nuveen Insured California Dividend Advantage Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management. It invests in the fixed income markets of California. The fund invests in undervalued municipal securities and other related investments the income, exempt from regular federal and California income taxes that are rated Baa or BBB and having an average maturity of 17.91 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against the Standard & Poor’s (S&P) California Municipal Bond Index and the Standard & Poor’s (S&P) Insured National Municipal Bond Index. Nuveen Insured California Dividend Advantage Municipal Fund was formed on July 12, 1999 and is domiciled in the United States.