NEW YORK--(BUSINESS WIRE)--Fitch Ratings affirms its 'AAA/F1+' rating on the Series 1 Variable Rate Demand Preferred Shares (VRDP Shares) issued by Nuveen New Jersey Dividend Advantage Municipal Fund (NXJ) after the issuance today of an additional $36 million in Series 1 VRDP Shares in connection with the refinancing described below. Fitch also affirms the long-term and short-term ratings for two additional existing series of VRDP Shares issued by NXJ that are not impacted by the refinancing. N