CEFA - Closed-End Fund Association

2009 Initial Public Offerings

The following are closed-end funds that began operation recently. Performance information will become available after the funds have two month-end NAV performance figures.

The list will be updated on a monthly basis.

IPOs: [2009] [2008] [2007] [2006] [2005] [2004] [2003] [2002]

FUND	Ticker	Net Assets ($mm)
June
Western Asset Investment Grade Defined Opportunity Trust	IGI	$190.0
May
Eaton Vance National Municipal Opportunities Trust	EOT	$275.0
April
Nuveen California Municipal Value Fund 2	NCB	$43.5
Nuveen New York Municipal Value Fund 2	NYV	$35.1
Nuveen New Jersey Municipal Value Fund	NJV	$21.8
Nuveen Pennsylvania Municipal Value Fund	NPN	$16.5
March
Western Asset Municipal Defined Opportunity Trust Inc.	MTT	$218.0
February
Nuveen Municipal Value Fund 2	NUW	$172.5
January
No new fund offerings in January	---	$------