Nuveen MLP Closed-End Funds Announce Update

Recent market conditions, including the sharp sell-off of energy and energy-related securities, have led management to take certain actions impacting Nuveen Energy MLP Total Return Fund JMF and Nuveen All Cap Energy MLP Opportunities Fund JMLP. Specifically, both funds are paying down a portion of their borrowings to reduce leverage ratios that have become elevated, especially in recent days, as a result of the sharp decline in value of portfolio holdings. In the coming weeks and months, management and the Funds' Board of Directors will evaluate the impact of these recent market events, portfolio actions, and the reduction of leverage, on the funds, including the distribution level of each fund.

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.

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