Nuveen Announces Updates to Closed-End Fund Portfolio Management Teams

Portfolio manager responsibilities for five closed-end funds for which Nuveen Asset Management (NAM) serves as a sub-advisor have been updated. The changes follow the announcement that after 22 years of service, Keith Hembre will be leaving NAM to pursue new opportunities later this year and will relinquish portfolio management responsibilities effective August 31, 2018. The remaining members of the NAM portfolio management team on each affected mandate remain the same. There will not be an impact on the day-to-day management of the funds, their investment objective or their policies.

Information on the portfolio management transition is outlined in the table below.

*These funds have additional mandates managed by other sub-advisors. Only NAM’s mandate for each fund is impacted by this announcement.

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 $967 billion in assets under management as of 3/31/18 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.

The information contained on the Nuveen website is not a part of this press release.

521047-INV-O-06/19

View source version on businesswire.com: https://www.businesswire.com/news/home/20180607005686/en/