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Nine Trustees Elected to CREF Board

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TIAA, a leading financial services provider, today announced the
election of nine individuals to serve on the College Retirement Equities
Fund (CREF) Board of Trustees following the conclusion of the CREF
participant meeting on July 20. CREF is a SEC-registered investment
company and the companion organization to TIAA, a New York-based life
insurance company. The purpose of the CREF participant meeting was to
elect nine Trustees to its Board. Each CREF Trustee is elected to serve
a four-year term.

During the quadrennial CREF participant meeting, CREF participants
elected the following individuals to the CREF Board of Trustees:

  • Forrest Berkley
  • Janice C. Eberly
  • Nancy A. Eckl
  • Michael A. Forrester
  • Howell E. Jackson
  • Thomas J. Kenny
  • James M. Poterba
  • Maceo K. Sloan
  • Laura T. Starks

Earlier in the week, Roger W. Ferguson, Jr., president and chief
executive officer of TIAA, met with CREF participants and provided a management
update
on the organization's achievements and progress on serving
its customers.

Separately, TIAA policyholders expressed support for the organization's
executive compensation policies through an advisory vote on the
compensation of TIAA's named executive officers. Preliminary results of
the TIAA advisory vote on executive compensation show that the TIAA
policyholders approved of the quality of TIAA's executive compensation
plan and disclosure, including its connection to performance,
achievement of TIAA's business objectives and creation of long-term
value for policyholders.

About TIAA

TIAA (www.tiaa.org)
is a unique financial partner. With an award-winningi track
record for consistent investment performance, TIAA (TIAA.org) is the
leading provider of financial services in the academic, research,
medical, cultural and government fields. TIAA has $1 trillion in assets
under management (as of 6/30/2018ii) and offers a wide range
of financial solutions, including investing, banking, advice and
education, and retirement services.

Guarantees are subject to the claims paying ability of the issuing
company. Payments from variable annuities will rise or fall based on
investment performance.

Investment, insurance and annuity products are not FDIC insured, are
not bank guaranteed, are not deposits, are not insured by any federal
government agency, are not a condition to any banking service or
activity, and may lose value.

TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal
Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and
SIPC, distribute securities products.

© 2018 Teachers Insurance and Annuity Association of America-College
Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

552016

____________

i The Lipper Large Fund Award is given to the group
with the lowest average decile ranking of three years' Consistent
Return for eligible funds over the three-year period ended
11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48),
11/30/15 (37), 11/30/16 (34) and 11/30/17 (34) with at least five
equity, five bond, or three mixed-asset portfolios. Note this
award pertains to mutual funds within the TIAA-CREF group of
mutual funds; other funds distributed by Nuveen Securities were
not included. From Thomson Reuters Lipper Awards, © 2018 Thomson
Reuters. All rights reserved. Used by permission and protected by
the Copyright Laws of the United States. The printing, copying,
redistribution, or retransmission of this Content without express
written permission is prohibited. Past performance does not
guarantee future results. Certain funds have fee waivers in
effect. Without such waivers ratings could be lower. For current
performance, rankings and prospectuses, please visit the Research
and Performance section on TIAA.org. Securities offered through
Nuveen, LLC, and TIAA-CREF Individual & Institutional Services,
LLC, members FINRA and SIPC.

 

ii Based on $1 trillion of assets under management
across Nuveen Investments affiliates and TIAA investment
management teams as of 06/30/18.

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