As of December 10, 2012, Nuveen Michigan Dividend Advantage Municipal Fund has been acquired by Nuveen Michigan Quality Income Municipal Fund, Inc. Nuveen Michigan Dividend Advantage Municipal Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Asset Management and Nuveen Fund Advisors, Inc. It invests in the fixed income markets of Michigan. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Michigan income taxes. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Michigan Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. Nuveen Michigan Dividend Advantage Municipal Fund was formed on June 1, 1999 and is domiciled in the United States.