Moody's affirms the Aa1/P-1 ratings of the Nuveen Investment Quality Municipal Fund's Variable Rate Demand Preferred (VRDP) Shares

New York, October 03, 2014 -- Moody's Investors Service, Inc. ("Moody's") has affirmed the Aa1/P-1 ratings of the Variable Rate Demand Preferred (VRDP) Shares issued by the Nuveen Investment Quality Municipal Fund, Inc. (Ticker: NQM). At the open of business on October 6, 2014 the American Municipal Income Portfolio Inc. (Ticker: XAA) will have merged with the NQM fund, and NQM's VRDP shares will be unaffected by this corporate action. The long-term rating on the VRDP shares is based on the fund's adjusted leverage, portfolio profile and fixed charge coverage, as calculated by Moody's, combined with an assessment of the VRDP shares' relative priority of claim.

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