Nuveen Connecticut Premium Income Municipal Fund (the Fund) is a closed-end management investment company. The Fund's primary investment objective is current income exempt from both regular federal income taxes and Connecticut personal income taxes. The Fund's secondary investment objective is the enhancement of portfolio value. The Fund invests substantially all of its assets in a diversified portfolio of tax-exempt Connecticut municipal obligations rated within the four highest grades (Baa/BBB or better). Up to 20% of the Fund's assets may be invested in unrated Connecticut municipal obligations. The Fund's investment adviser is Nuveen Fund Advisors, LLC, a wholly owned subsidiary of Nuveen Investments, Inc.