Nuveen Real Asset Income and Growth Fund Announces Adoption of Managed Distribution Policy and Increase in Distribution Rate

The Nuveen Real Asset Income and Growth Fund JRI today announced that the Board of Trustees of the fund has approved the adoption of a managed distribution policy. Under the new policy, the fund is increasing its distribution rate by 10.3%. The following dates apply to today's declaration:

*Market price as of 10/23/2019

The goal of the 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, distribution sources may include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, 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.

Under a managed distribution policy, the fund 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. You should consult with your own tax advisor with respect to the particular tax consequences as they may apply to your individual circumstances.

For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef. 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 September 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.

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