Nuveen Tax-Advantaged Total Return Strategy Fund (JTA)

15 out of 24 CEF sectors positive on price and 6 out of 24 sectors positive on NAV last week. PCF and RIV rights offering results.

NEW YORK--(BUSINESS WIRE)--The reorganizations of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) into a new fund, Nuveen Multi-Asset Income Fund (NYSE: NMAI), was successfully completed prior to the opening of the New York Stock Exchange on November 22, 2021. The combined fund, NMAI, seeks to provide total return through high current income and capital appreciation, employing a dynamic multi-asset allocation strategy that is designed to improve diversification and take into account changing market conditions. In the reorganizations, NMAI acquired substantially all of the assets and liabilities of the acquired funds JDD, JTA, and JTD as set forth above in tax-free transactions in exchange for newly-issued common shares in an aggregate amount equal to the value of the net assets transferred. The exchanges took place based upon the acquired funds’ closing net asset values on November 19, 2021 and NMAI’s initial net asset value per common share of $20. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of NMAI are listed below: Ticker Fund Name Exchange Ratio JDD Nuveen Diversified Dividend and Income Fund 0.58638500 JTA Nuveen Tax-Advantaged Total Return Strategy Fund 0.62830000 JTD Nuveen Tax-Advantaged Dividend Growth Fund 0.91062500 Nuveen is a leading sponsor of closed-end funds (CEFs) with $65 billion of assets under management across 62 CEFs as of September 30, 2021. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 30 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds or contact: Financial Professionals: 800-752-8700 Investors: 800-257-8787 Media: media-inquiries@nuveen.com About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 30 September 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-1928999PR-E1121X

NEW YORK--(BUSINESS WIRE)--Shareholders of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA) and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a proposal to reorganize the funds. JDD, JTA and JTD will combine into a single new fund, Nuveen Multi-Asset Income Fund (NMAI), having a new investment mandate. The combined fund will continue to employ a multi-asset strategy, but will more dynamically allocate its portfolio with the objective of providing total return though high current income and capital appreciation. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on 22 November 2021. The funds are anticipated to begin transitioning their portfolio prior to the reorganization, with additional portfolio transition occurring after the reorganization is complete. Nuveen is a leading sponsor of closed-end funds (CEFs) with $65 billion of assets under management across 62 CEFs as of 30 June 2021. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 30 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 30 June 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. FORWARD-LOOKING STATEMENTS Certain statements made or referenced in this release may be forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: market developments; legal and regulatory developments; and other additional risks and uncertainties. Nuveen and the closed-end funds sponsored by Nuveen undertake no responsibility to update publicly or revise any forward-looking statements. EPS-1867470PR-E1021X

JTD: Multi-Asset Fund Set To Get Larger, Some Appeal Here

NEW YORK--(BUSINESS WIRE)--The Board of Trustees of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine JDD, JTA, and JTD into a single fund with a new investment mandate. The combined fund would continue employing a multi-asset strategy, but would m

NEW YORK--(BUSINESS WIRE)--The Board of Trustees of Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD) have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine JDD, JTA, and JTD into a single fund with a new investment mandate. The combined fund would continue employing a multi-asset strategy, but would more dynamically allocate its portfolio with the objective of seeking total return though high current income and capital appreciation. The proposed reorganization for each fund is subject to certain conditions, including necessary approval by the funds’ shareholders. Detailed information on the proposed reorganizations, including a description of the proposed investment strategy of the combined fund, will be contained in proxy materials expected to be filed in the coming weeks. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 March 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. FORWARD-LOOKING STATEMENTS Certain statements made herein are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: market developments; legal and regulatory developments; and other additional risks and uncertainties. Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements. The annual and semi-annual reports and other regulatory filings of Nuveen closed-end funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s web site at www.sec.gov and on Nuveen’s web site at www.nuveen.com/cef and may discuss the above-mentioned or other factors that affect Nuveen closed-end funds. The information contained on the Nuveen website is not a part of this press release. IMPORTANT INFORMATION In connection with the reorganization proposal discussed herein, the funds expect to file with the SEC solicitation materials in the form of a proxy statement and/or a joint proxy statement/prospectus that will be included in a registration statement on Form N-14. After the registration statement is filed with the SEC, it may be amended or withdrawn and the proxy statement and/or joint proxy statement/prospectus will not be distributed to shareholders unless and until the registration statement is declared effective by the SEC. Investors are urged to read the solicitation materials and any other relevant documents when they become available because they will contain important information about the reorganization proposal. After they are filed, free copies of the solicitation materials will be available on the SEC’s web site at www.sec.gov. This communication is for informational purposes only and is not a solicitation of a proxy from any fund shareholder and does not constitute an offer of any securities for sale. No offer of securities will be made except pursuant to a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. However, the funds, Nuveen Fund Advisors and certain of their respective directors/trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders in connection with the reorganization proposal discussed herein. Information about the directors/trustees and officers of the funds may be found in their respective annual reports previously filed with the SEC. Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results. Closed-end funds frequently trade at a discount to their net asset value. EPS-1616657PR-E0421X

Closed-End Funds: 2 Tax-Advantaged Choices From Nuveen

NEW YORK--(BUSINESS WIRE)--Nuveen: Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG), Nuveen AMT-Free Municipal Value Fund (NYSE: NUW), Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA), Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ), Nuveen California AMT-Free Quality Municipal Income Fund (NYSE: NKX), Nuveen California Municipal Value Fund 2 (NYSE: NCB), Nuveen California Quality Municipal Income Fund (NYSE: NAC), Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), Nuveen Core Equity Alpha Fund (NYSE: JCE), Nuveen Corporate Income 2023 Target Term Fund (NYSE: JHAA), Nuveen Corporate Income November 2021 Target Term Fund (NYSE: JHB), Nuveen Credit Opportunities 2022 Target Term Fund (NYSE: JCO), Nuveen Credit Strategies Income Fund (NYSE: JQC), Nuveen Diversified Dividend and Income Fund (NYSE: JDD), Nuveen Dow 30SM Dynamic Overwrite Fund (NYSE: DIAX), Nuveen Dynamic Municipal Opportunities Fund (NYSE: NDMO), Nuveen Emerging Markets Debt 2022 Target Term Fund (NYSE: JEMD), Nuveen Enhanced Municipal Value Fund (NYSE: NEV), Nuveen Floating Rate Income Fund (NYSE: JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG), Nuveen Global High Income Fund (NYSE: JGH), Nuveen High Income 2020 Target Term Fund (NYSE: JHY), Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID), Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ), Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY), Nuveen Massachusetts Quality Municipal Income Fund (NYSE: NMT), Nuveen Michigan Quality Municipal Income Fund (NYSE: NUM), Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS), Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM), Nuveen Mortgage and Income Fund (NYSE: JLS), Nuveen Multi-Market Income Fund (NYSE: JMM), Nuveen Municipal 2021 Target Term Fund (NYSE: NHA), Nuveen Municipal Credit Income Fund (NYSE: NZF), Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO), Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ), Nuveen Nasdaq 100 Dynamic Overwrite Fund (NASDAQ: QQQX), Nuveen New Jersey Municipal Value Fund (NYSE: NJV), Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ), Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), Nuveen New York Municipal Value Fund 2 (NYSE: NYV), Nuveen New York Quality Municipal Income Fund (NYSE: NAN), Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN), Nuveen Ohio Quality Municipal Income Fund (NYSE: NUO), Nuveen Pennsylvania Municipal Value Fund (NYSE: NPN), Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP), Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred & Income Securities Fund (NYSE: JPS), Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Quality Municipal Income Fund (NYSE: NAD), Nuveen Real Asset Income and Growth Fund (NYSE: JRI), Nuveen Real Estate Income Fund (NYSE: JRS), Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX), Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX), Nuveen Select Maturities Municipal Fund (NYSE: NIM), Nuveen Select Tax-Free Income Portfolio (NYSE: NXP), Nuveen Select Tax-Free Income Portfolio 2 (NYSE: NXQ), Nuveen Select Tax-Free Income Portfolio 3 (NYSE: NXR), Nuveen Senior Income Fund (NYSE: NSL), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), Nuveen Taxable Municipal Income Fund (NYSE: NBB), Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD), Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA), Nuveen Virginia Quality Municipal Income Fund (NYSE: NPV) (each a Fund and together, the Funds) After a rigorous and deliberative review, and consistent with the interests of the Funds’ long-term shareholders, the Board of Trustees of each Fund has adopted Amended and Restated By-Laws (By-Laws) for the Funds. Among other changes, the By-Laws include new deadlines for advance notice of shareholder proposals or nominations to be brought before a meeting of shareholders. As a result, the advance notice deadlines for certain Funds’ 2021 annual meetings of shareholders will differ from the deadlines previously set forth in such Funds’ proxy statements for the 2020 annual meetings of shareholders. For such Funds, notice of any proposal, other than a proposal submitted pursuant to Rule 14a-8 under the Exchange Act, in connection with such Fund’s 2021 annual meeting of shareholders must be received by the Fund at the Fund’s principal executive offices not earlier than, nor later than, the corresponding dates set forth in the table included in this press release. The deadline for the receipt of advance notice of nominations and proposals made outside of Rule 14a-8 is also the date after which shareholder nominations and proposals made outside of Rule 14a-8 would not be considered “timely” within the meaning of Rule 14a-4(c) under the Exchange Act. If a proposal is not “timely” within the meaning of Rule 14a-4(c), then the persons named as proxies in the proxies solicited by the Board of Trustees for the 2021 annual meeting of shareholders may exercise discretionary voting power with respect to any such proposal. With respect to any Fund not listed in the table below, the deadlines for advance notice of shareholder proposals or nominations to be brought before such Fund’s 2021 annual meeting of shareholders will be set forth in the proxy statement for the Fund’s 2020 annual meeting of shareholders. The By-Laws require compliance with certain amended procedural and informational requirements in connection with any such advance notice of shareholder proposals or nominations, including certain information about the proponent and the proposal, or in the case of a nomination, the nominee. Any shareholder considering making a nomination or other proposal should carefully review and comply with those provisions of the By-Laws. The By-Laws also include provisions (Control Share By-Law) pursuant to which, in summary, a shareholder who obtains beneficial ownership of common shares of a Fund in a “Control Share Acquisition” may exercise voting rights with respect to such shares only to the extent the authorization of such voting rights is approved by other shareholders of the Fund. The Control Share By-Law is primarily intended to protect the interests of the Fund and its long-term shareholders by limiting the risk that the Fund will become subject to undue influence by opportunistic traders pursuing short-term agendas adverse to the best interests of the Fund and its long term shareholders. The Control Share By-Law does not eliminate voting rights for common shares acquired in Control Share Acquisitions, but rather, entrusts the Fund's other "non-interested" shareholders with determining whether to approve the authorization of the voting rights of the person acquiring such shares. Subject to various conditions and exceptions, the Control Share By-Law defines a “Control Share Acquisition” to include an acquisition of common shares that, but for the Control Share By-Law, would give the beneficial owner, upon the acquisition of such shares, the ability to exercise voting power in the election of Trustees of the Fund in any of the following ranges: (i) one-tenth or more, but less than one-fifth of all voting power; (ii) one-fifth or more, but less than one-third of all voting power; (iii) one-third or more, but less than a majority of all voting power; or (iv) a majority or more of all voting power. The Control Share By-Law excludes certain acquisitions of common shares from the definition of Control Share Acquisition, including acquisitions of common shares that occurred prior to October 5, 2020, though such shares are included in assessing whether any subsequent share acquisition exceeds one of the enumerated thresholds. Subject to certain conditions and procedural requirements set forth in the Control Share By-Law, including the delivery of a “Control Share Acquisition Statement” to the Fund's Secretary setting forth certain required information, a shareholder who obtains or proposes to obtain beneficial ownership of common shares in a Control Share Acquisition generally may demand a special meeting of shareholders for the purpose of considering whether the voting rights of such acquiring person with respect such shares shall be authorized. The foregoing discussion is only a summary of certain aspects of the By-Laws, and is qualified in its entirety by reference to the By-Laws. Investors should refer to the By-Laws for more information. A copy of the By-Laws can be found in the Current Report on Form 8-K filed today by the Funds with the Securities and Exchange Commission and available at www.sec.gov and may be obtained by writing to the Secretary of the Fund at 333 West Wacker Drive, Chicago, Illinois 60606. Advance Notice Deadlines Fund 14a-8 Deadline Non-14a-8 Deadline Earliest Date Latest Date Nuveen AMT-Free Municipal Credit Income Fund (NVG) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen AMT-Free Municipal Value Fund (NUW) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen AMT-Free Quality Municipal Income Fund (NEA) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen California Select Tax-Free Income Portfolio (NXC) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Core Equity Alpha Fund (JCE) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Corporate Income 2023 Target Term Fund (JHAA) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Corporate Income November 2021 Target Term Fund (JHB) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Credit Opportunities 2022 Target Term Fund (JCO) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Credit Strategies Income Fund (JQC) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Diversified Dividend and Income Fund (JDD) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Emerging Markets Debt 2022 Target Term Fund (JEMD) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Enhanced Municipal Value Fund (NEV) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Floating Rate Income Fund (JFR) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Floating Rate Income Opportunity Fund (JRO) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Georgia Quality Municipal Income Fund (NKG) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Global High Income Fund (JGH) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen High Income 2020 Target Term Fund (JHY) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Intermediate Duration Municipal Term Fund (NID) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Maryland Quality Municipal Income Fund (NMY) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Minnesota Quality Municipal Income Fund (NMS) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Missouri Quality Municipal Income Fund (NOM) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Mortgage and Income Fund (JLS) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Multi-Market Income Fund (JMM) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Municipal 2021 Target Term Fund (NHA) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Municipal Credit Income Fund (NZF) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Municipal High Income Opportunity Fund (NMZ) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen New York AMT-Free Quality Municipal Income Fund (NRK) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen New York Municipal Value Fund 2 (NYV) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen New York Quality Municipal Income Fund (NAN) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen New York Select Tax-Free Income Portfolio (NXN) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Preferred & Income Opportunities Fund (JPC) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Preferred & Income Securities Fund (JPS) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Preferred and Income 2022 Term Fund (JPT) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Preferred and Income Term Fund (JPI) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Quality Municipal Income Fund (NAD) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Real Asset Income and Growth Fund (JRI) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Real Estate Income Fund (JRS) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen S&P 500 Buy-Write Income Fund (BXMX) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Select Maturities Municipal Fund (NIM) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Select Tax-Free Income Portfolio (NXP) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Select Tax-Free Income Portfolio 2 (NXQ) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Select Tax-Free Income Portfolio 3 (NXR) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Senior Income Fund (NSL) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Short Duration Credit Opportunities Fund (JSD) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Taxable Municipal Income Fund (NBB) March 2, 2021 April 1, 2021 April 16, 2021 Nuveen Tax-Advantaged Dividend Growth Fund (JTD) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) November 6, 2020 December 5, 2020 December 20, 2020 Nuveen Virginia Quality Municipal Income Fund (NPV) November 6, 2020 December 5, 2020 December 20, 2020 This press release is not intended to, and does not, constitute an offer to purchase or sell shares of any Fund; nor is this press release intended to solicit a proxy from any shareholder of any Fund. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds or contact: About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1 trillion in assets under management as of 30 June 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-1354521PR-E1020X

NEW YORK--(BUSINESS WIRE)--Portfolio manager responsibilities for twelve closed-end funds have been updated. Michael Ainge, Anders Persson, Bernard Wong and Jenny Rhee are being removed as portfolio managers from several funds. Jake Fitzpatrick, Chris Williams and Kevin Lorenz are being added as portfolio managers to several funds. Portfolio manager changes by fund are detailed in the table below. There will be no impact on the investment approach, investment strategies or any of the fund’s investment objectives or policies. Ticker Fund Current Portfolio Management Team Portfolio Management Team as of 8/17/2020 Portfolio Management Team as of 10/1/2020 JGH Nuveen Global High Income Fund Kevin Lorenz Anders Persson Michael Ainge Kevin Lorenz Anders Persson Jake Fitzpatrick No Change JHY Nuveen High Income 2020 Target Term Fund Kevin Lorenz Anders Persson Michael Ainge Kevin Lorenz Anders Persson No Change JHB Nuveen High Income November 2021 Target Term Fund Kevin Lorenz Anders Persson Michael Ainge Kevin Lorenz Anders Persson Jake Fitzpatrick Chris Williams Kevin Lorenz Jake Fitzpatrick Chris Williams JHAA Nuveen High Income 2023 Target Term Fund Kevin Lorenz Anders Persson Michael Ainge Kevin Lorenz Anders Persson Jake Fitzpatrick Chris Williams Kevin Lorenz Jake Fitzpatrick Chris Williams JQC Nuveen Credit Strategies Income Fund Bernard Wong Scott Caraher Jenny Rhee Scott Caraher Jenny Rhee Kevin Lorenz Scott Caraher Kevin Lorenz JFR Nuveen Floating Rate Income Fund Scott Caraher Jenny Rhee Scott Caraher Jenny Rhee Kevin Lorenz Scott Caraher Kevin Lorenz JRO Nuveen Floating Rate Income Opportunity Fund Scott Caraher Jenny Rhee Scott Caraher Jenny Rhee Kevin Lorenz Scott Caraher Kevin Lorenz NSL Nuveen Senior Income Fund Scott Caraher Jenny Rhee Scott Caraher Jenny Rhee Kevin Lorenz Scott Caraher Kevin Lorenz JSD Nuveen Short Duration Credit Opportunities Fund Scott Caraher Jenny Rhee Scott Caraher Jenny Rhee Kevin Lorenz Scott Caraher Kevin Lorenz JCO Nuveen Credit Opportunities 2022 Target Term Fund Jenny Rhee Scott Caraher Scott Caraher Jenny Rhee Kevin Lorenz Jake Fitzpatrick Scott Caraher Kevin Lorenz Jake Fitzpatrick JDD Nuveen Diversified Dividend and Income Fund James Stephenson Thomas Ray Susi Budiman Scott Caraher Jenny Rhee Anthony Manno Kenneth Statz Kevin Bedell Nathan Gear James Valone Kevin Murphy No Change James Stephenson Thomas Ray Susi Budiman Scott Caraher Anthony Manno Kenneth Statz Kevin Bedell Nathan Gear James Valone Kevin Murphy JTA Nuveen Tax-Advantaged Total Return Strategy Fund James Stephenson Thomas Ray Susi Budiman Scott Caraher Jenny Rhee No Change James Stephenson Thomas Ray Susi Budiman Scott Caraher The following provides information about each new portfolio manager’s business experience. Jake Fitzpatrick is an associate portfolio manager for Nuveen’s global fixed income team and a member of the leveraged finance sector team. He began working in the investment industry in 2006 and joined the firm in 2015. Previously, he worked as a co-manager of structured product portfolios at Allianz Investment Management. In that role, he was responsible for the investment strategy and allocation of insurance product premiums within the core capital markets. He began his career at U.S. Bancorp Asset Management, where he was a corporate and municipal bond trader for the firm’s mutual funds and wealth management group. Jake graduated with a B.S. in Finance from the University of Minnesota’s Carlson School of Management and holds the CFA designation. Chris Williams is a trader and co-portfolio manager for Nuveen’s global fixed income team and member of the leveraged finance sector team. He is responsible for managing the organization’s leveraged finance trading, along with trading both high yield bonds and loans in the primary and secondary markets. In addition, he serves as the co-portfolio manager for the CLO strategies. Prior to joining the firm in 2011, he traded leveraged loans and high yield bonds at Gulf Stream Asset Management. Christopher graduated with a B.S. in Business Administration with an emphasis in Finance from Winthrop University. Kevin Lorenz is a portfolio manager for Nuveen’s global fixed income team and heads the leveraged finance sector team, which selects high yield and leveraged loan securities for all portfolios. He is also the lead portfolio manager for the High Yield strategies and a member of the Investment Committee, which establishes investment policy for all global fixed income products. Kevin has served in a variety of roles since joining the firm in 1987. Most recently, he served as a director with the private placements team, investing in both high-grade and high yield securities. He began his career at the firm as a generalist focusing on the private placement market. Kevin has been quoted in The New York Times, Barron’s, The Wall Street Journal, Reuters and other financial press as well as appearances on CNBC for his seasoned views on the high yield asset class. Kevin graduated with a B.S. in Accounting from Rider University and an M.B.A. in Finance from Indiana University. He holds the CFA designation and is a member of the New York Society of Security Analysts. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1 trillion in assets under management as of 30 June 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-1302617PR-E0820X

Nuveen Tax-Advantaged Ttl Rtrn Strtgy Fd (NYSE:JTA)’s stock price rose 8% on Monday . The company traded as high as $7.14 and last traded at $7.13, approximately 158,719 shares were traded during mid-day trading. An increase of 150% from the average daily volume of 63,525 shares. The stock had previously closed at $6.60. The business’s […]

CHICAGO--(BUSINESS WIRE)--The following Nuveen closed-end funds (each, a “Fund” and collectively, the “Funds”) announced today that each Fund’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been postponed and that the meeting will be held as a virtual meeting: Nuveen All Cap Energy MLP Opportunities Fund (JMLP) Nuveen Core Equity Alpha Fund (JCE) Nuveen Credit Opportunities 2022 Target Term Fund (JCO) Nuveen Credit Strategies Income Fund (JQC) Nuveen Diversified Dividend and Income Fund (JDD) Nuveen Dow 30SM Dynamic Overwrite Fund (DIAX) Nuveen Emerging Markets Debt 2022 Target Term Fund (JEMD) Nuveen Energy MLP Total Return Fund (JMF) Nuveen Floating Rate Income Fund (JFR) Nuveen Floating Rate Income Opportunity Fund (JRO) Nuveen Georgia Quality Municipal Income Fund (NKG) Nuveen Global High Income Fund (JGH) Nuveen High Income 2020 Target Term Fund (JHY) Nuveen High Income November 2021 Target Term Fund (JHB) Nuveen High Income 2023 Target Term Fund (JHAA) Nuveen Intermediate Duration Municipal Term Fund (NID) Nuveen Intermediate Duration Quality Municipal Term Fund (NIQ) Nuveen Maryland Quality Municipal Income Fund (NMY) Nuveen Minnesota Quality Municipal Income Fund (NMS) Nuveen Missouri Quality Municipal Income Fund (NOM) Nuveen Mortgage and Income Fund (JLS) Nuveen Multi-Market Income Fund (JMM) Nuveen Municipal 2021 Target Term Fund (NHA) Nuveen NASDAQ 100 Dynamic Overwrite Fund (QQQX) Nuveen Preferred & Income Opportunities Fund (JPC) Nuveen Preferred & Income Securities Fund (JPS) Nuveen Preferred and Income 2022 Term Fund (JPT) Nuveen Preferred and Income Term Fund (JPI) Nuveen Real Asset Income and Growth Fund (JRI) Nuveen Real Estate Income Fund (JRS) Nuveen S&P 500 Buy-Write Income Fund (BXMX) Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) Nuveen Senior Income Fund (NSL) Nuveen Short Duration Credit Opportunities Fund (JSD) Nuveen Tax-Advantaged Dividend Growth Fund (JTD) Nuveen Tax-Advantaged Total Return Strategy Fund (JTA) Nuveen Virginia Quality Municipal Income Fund (NPV) In light of public health concerns regarding the ongoing coronavirus disease 2019 (COVID-19) pandemic, the Meeting originally scheduled to be held on Wednesday, April 8, 2020 will be postponed to Wednesday, April 22, 2020 at 2:00 p.m., Central time. The January 13, 2020 record date for determining shareholders entitled to vote at the Meeting remains unchanged. Additionally, the Meeting will be held in a virtual meeting format only. Shareholders will not be able to attend the Meeting in person. These changes have been made out of an abundance of caution and are intended to support the health and well-being of shareholders. Any shareholder of record of a Fund as of the close of business on January 13, 2020 is entitled to notice of, and to vote at, the Meeting or any postponement or adjournment thereof. Shareholders may participate in the Meeting at www.meetingcenter.io/267997406 by entering the control number found on the shareholder’s proxy card and password NUV2020 at the date and time of the Meeting. Shareholders may vote during the Meeting by following the instructions that will be available on the Meeting website during the Meeting. If a shareholder holds shares through an intermediary, such as a bank or broker, the shareholder must register in advance to attend the Meeting. To register, the shareholder must submit proof of his or her proxy power (legal proxy) reflecting his or her Fund holdings along with his or her name and email address to Computershare Fund Services, the Funds’ tabulator. Shareholders may email an image of the shareholder’s legal proxy to legalproxy@computershare.com. Requests for registration must be received no later than 5:00 p.m., Central time, on Monday, April 20, 2020. Shareholders will receive a confirmation email from Computershare of the shareholder’s registration and a control number that will allow the shareholder to vote at the Meeting. Whether or not a shareholder plans to attend the Meeting, the Funds urge shareholders to vote and authorize the shareholder’s proxy in advance of the Meeting by one of the methods described in the proxy materials for the Meeting. The Funds’ Joint Proxy Statement is available on the Internet at https://www.nuveenproxy.com/Closed-End-Fund-Proxy-Information/. The proxy card included with the proxy materials previously distributed will not be updated to reflect the change in date or the new format of the Meeting, and may continue to be exercised to vote a shareholder’s shares in connection with the Meeting. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.1 trillion in assets under management as of 31 December 2019 and operations in 24 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-1139383PR-E0420X

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef. Beginning on or about November 1, 2019, the Nuveen Closed-End Funds will be discontinuing the practice of announcing Fund distribution amounts and timing via press release. Instead, information about the Nuveen Closed-End Funds’ monthly and quarterly periodic distributions to shareholders will be posted and can be found on Nuveen’s enhanced closed-end fund resource page along with other Nuveen closed-end fund product updates. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have timely access to the latest information, a subscribe function can be activated at this link here. The following dates apply to today's declarations: The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds: Record Date September 13, 2019 Ex-Dividend Date September 12, 2019 Payable Date October 1, 2019 Monthly Tax-Free Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month National NXP NYSE Nuveen Select Tax-Free Income Portfolio $.0455 - NXQ NYSE Nuveen Select Tax-Free Income Portfolio 2 $.0420 - NXR NYSE Nuveen Select Tax-Free Income Portfolio 3 $.0435 - NUV NYSE Nuveen Municipal Value Fund, Inc. $.0310 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $.0470 -$.0090 NMI NYSE Nuveen Municipal Income Fund, Inc. $.0360 - NIM NYSE Nuveen Select Maturities Municipal Fund $.0265 - NZF NYSE Nuveen Municipal Credit Income Fund $.0660 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $.0655 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $.0595 - NEV NYSE Nuveen Enhanced Municipal Value Fund $.0565 - NID NYSE Nuveen Intermediate Duration Municipal Term Fund $.0425 - NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $.0315 - NHA NYSE Nuveen Municipal 2021 Target Term Fund $.0150 - NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $.0535 - NAD NYSE Nuveen Quality Municipal Income Fund $.0535 - California NAC NYSE Nuveen California Quality Municipal Income Fund $.0520 -$.0035 NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $.0515 - NCA NYSE Nuveen California Municipal Value Fund, Inc. $.0285 - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $.0437 - NCB NYSE Nuveen California Municipal Value Fund 2 $.0425 -$.0045 New York NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $.0450 - NAN NYSE Nuveen New York Quality Municipal Income Fund $.0480 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $.0395 - NNY NYSE Nuveen New York Municipal Value Fund, Inc. $.0300 - NYV NYSE Nuveen New York Municipal Value Fund 2 $.0360 -$.0065 Other State Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $.0438 - NTC NYSE Nuveen Connecticut Quality Municipal Income Fund $.0410 - NKG NYSE Nuveen Georgia Quality Municipal Income Fund $.0370 - NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $.0410 - NMY NYSE Nuveen Maryland Quality Municipal Income Fund $.0440 - NUM NYSE Nuveen Michigan Quality Municipal Income Fund $.0445 - NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $.0490 - NOM NYSE Nuveen Missouri Quality Municipal Income Fund $.0430 - NNC NYSE Nuveen North Carolina Quality Municipal Income Fund $.0390 - NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $.0545 - NJV NYSE Nuveen New Jersey Municipal Value Fund $.0410 -$.0040 NUO NYSE Nuveen Ohio Quality Municipal Income Fund $.0418 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $.0505 - NPN NYSE Nuveen Pennsylvania Municipal Value Fund $.0380 -$.0025 NTX NYSE Nuveen Texas Quality Municipal Income Fund $.0445 - NPV NYSE Nuveen Virginia Quality Municipal Income Fund $.0435 - Monthly Taxable Distributions Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Preferred and Income Securities JPC NYSE Nuveen Preferred & Income Opportunities Fund $.0610 - JPI NYSE Nuveen Preferred and Income Term Fund $.1355 - JPS NYSE Nuveen Preferred & Income Securities Fund $.0560 - JPT NYSE Nuveen Preferred and Income 2022 Term Fund $.1185 - Floating Rate NSL NYSE Nuveen Senior Income Fund $.0365 -$.0010 JFR NYSE Nuveen Floating Rate Income Fund $.0615 - JRO NYSE Nuveen Floating Rate Income Opportunity Fund $.0605 -$.0020 JSD NYSE Nuveen Short Duration Credit Opportunities Fund $.0965 -$.0070 Mortgage-Backed Securities JMM NYSE Nuveen Multi-Market Income Fund $.0300 - Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $.0975 -$.0055 Emerging Markets Debt JEMD NYSE Nuveen Emerging Markets Debt 2022 Target Term Fund $.0375 - Global High Yield Debt JGH NYSE Nuveen Global High Income Fund $.1020 - Corporate High Yield Debt JHY NYSE Nuveen High Income 2020 Target Term Fund $.0263 -$.0087 JHD NYSE Nuveen High Income December 2019 Target Term Fund $.0325 - JHB NYSE Nuveen High Income November 2021 Target Term Fund $.0415 - JCO NYSE Nuveen Credit Opportunities 2022 Target Term Fund $.0470 - JHAA NYSE Nuveen High Income 2023 Target Term Fund $.0520 - Monthly Capital Return Plan Policy Distribution JQC has adopted a capital return plan through which the fund will return to shareholders 20 percent of the fund’s common assets, over a period of three years ending on December 31, 2021, through supplemental amounts included in the fund’s regular monthly distribution. Distribution sources will include net investment income and return of capital and may include realized gains. The fund will provide a notice of the best estimate of its distribution sources at that time which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. The following dates apply to today's monthly capital return distribution declaration for the following closed-end fund: Record Date September 13, 2019 Ex-Dividend Date September 12, 2019 Payable Date October 1, 2019 Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Floating Rate JQC NYSE Nuveen Credit Strategies Income Fund $.1035 - Monthly Cash-Flow Based Distributions Each of the three taxable funds listed immediately below have adopted a cash-flow based distribution program. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. The following dates apply to today's monthly cash-flow based distribution declarations for the following closed-end funds: Record Date September 13, 2019 Ex-Dividend Date September 12, 2019 Payable Date October 1, 2019 Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Mortgage-Backed Securities JLS NYSE Nuveen Mortgage Opportunity Term Fund $.1135 - JMT NYSE Nuveen Mortgage Opportunity Term Fund 2 $.1125 - Real Assets JRI NYSE Nuveen Real Asset Income and Growth Fund $.1060 - Quarterly Taxable Closed-End Fund Distributions The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, each of the three funds listed immediately below seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. Actual returns likely will differ from projected long-term returns (and therefore a fund’s distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When fund returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions. Record Date September 13, 2019 Ex-Dividend Date September 12, 2019 Payable Date October 1, 2019 Quarterly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Quarter Hybrid Equity JTA NYSE Nuveen Tax-Advantaged Total Return Strategy Fund $.2400 - JTD NYSE Nuveen Tax-Advantaged Dividend Growth Fund $.3100 - Multi-Strategy JDD NYSE Nuveen Diversified Dividend and Income Fund $.2175 - For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has over $1 trillion in assets under management as of 30 June 2019 and operations in 23 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. EPS-941807PR-E0919

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef. The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds: Monthly Tax-Exempt Municipal Distributions Monthly distributions from Nuveen's municipal bond closed-end funds are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds are also generally exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly distributions of the municipal funds may be subject to the Federal Alternative Minimum Tax for some shareholders. Monthly Taxable Distributions Monthly Capital Return Plan Policy Distribution JQC has adopted a capital return plan through which the fund will return to shareholders 20 percent of the fund’s common assets, over a period of three years ending on December 31, 2021, through supplemental amounts included in the fund’s regular monthly distribution. Distribution sources will include net investment income and return of capital and may include realized gains. The fund will provide a notice of the best estimate of its distribution sources at that time which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. The following dates apply to today's monthly capital return distribution declaration for the following closed-end fund: JQC NYSE Nuveen Credit Strategies Income Fund $.1035 - Monthly Cash-Flow Based Distributions Each of the three taxable funds listed immediately below have adopted a cash-flow based distribution program. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. The following dates apply to today's monthly cash-flow based distribution declarations for the following closed-end funds: Quarterly Taxable Closed-End Fund Distributions The goal of a fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting its expected long-term return potential into regular distributions. As a result, historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, each of the three funds listed immediately below seeks to maintain an attractive and stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. Actual returns likely will differ from projected long-term returns (and therefore a fund’s distribution rate), at least over shorter time periods. Over a specific timeframe, the difference between actual returns and total distributions will be reflected in an increasing (returns exceed distributions) or a decreasing (distributions exceed returns) fund net asset value. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When fund returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when fund returns fall short of distributions, it will represent a portion of your original principal unless the shortfall is offset during other time periods over the life of your investment (previous or subsequent) when the fund’s total return exceeds distributions. For additional information about managed distributions, please see Understanding Managed Distributions or call: Financial advisors800-752-8700 Individual investors800-257-8787 The following dates apply to today's quarterly managed distribution declarations for the following closed-end funds: About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $989 billion in assets under management as of 31 March 2019 and operations in 23 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. The information contained on the Nuveen website is not a part of this press release. Nuveen Securities, LLC, member FINRA and SIPC. * Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax. EPS-861532PR-M0619W

NEW YORK--(BUSINESS WIRE)--Portfolio manager responsibilities for six closed-end funds for which Symphony Asset Management serves as subadvisor have been updated. There will be no impact on the investment approach, investment strategies or any of the funds’ investment objectives or policies. Information on the portfolio management transition is outlined in the two tables below. Nuveen Floating Rate Income Opportunity Fund The portfolio management updates listed below are applicable to the sleeve of the funds managed by Symphony Asset Management, an affiliate of Nuveen. Jenny Rhee Mr. Caraher is a Co-Head of Investments, a member of the Risk Committee and responsible for Symphony’s retail and institutional bank loan-focused portfolios, including credit trading related to bank loans. Mr. Caraher has served more than 15 years at Symphony. Prior to joining the firm in 2002, he was an Investment Banking Analyst in the industrial group at Deutsche Banc Alex Brown in New York. Mr. Caraher received a BS in finance from Georgetown University. Ms. Rhee is a Co-Head of Investments, a member of the Risk Committee and responsible for all of Symphony’s high-yield strategies, including the Long-Short Credit Strategy, the long-only Credit Opportunities Strategy and credit trading related to high yield. She has served more than 15 years at Symphony. Prior to joining the firm in 2001, she was a member of the equity research team at Epoch Partners, and she began her career as an Investment Banking Analyst at Credit Suisse First Boston. Ms. Rhee received a BS in business administration from the University of California, Berkeley. For more general closed-end fund information and education, please visit Nuveen’s closed-end fund website. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $989 billion in assets under management as of 3/31/19 and operations in 16 countries. Its affiliates offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. Symphony Asset Management LLC is a registered investment adviser and an affiliate of Nuveen, LLC. The information contained on the Nuveen website is not a part of this press release. 855087-INV-AN-05/21