Five Nuveen Closed-End Funds Announce Portfolio Management Updates

The portfolio management team for five closed-end funds for which Nuveen Asset Management (NAM), an investment affiliate of Nuveen, serves as sub-adviser will be updated. Effective September 4, 2018, Jody Hrazanek will join the current portfolio management team; each fund's investment objective, investment strategies, and management philosophy remain unchanged.

The five funds affected are listed below:

Jody Hrazanek leads structured investment strategies for the Nuveen Solutions Team including volatility management, option overlay and related portfolios. She is a key contributor to the team's asset allocation views, portfolio construction activity and trading and implementation efforts.

Jody joined Nuveen in May 2018 from Voya Investment Management where she was head of Strategy Design and Implementation. In this role, she was portfolio manager for a number of multi-asset strategies including target date, portable alpha and option overlay strategies. Prior to Voya, Jody worked at Advent Capital Management as a convertible bond trader for both long-only and hedge fund portfolios.

Jody has a Masters in Statistics and Operations Research from New York University's Stern School of Business and a Bachelor of Science degree in Mathematics from Fairfield University.

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 $973 billion in assets under management as of 6/30/18 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 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. Nuveen Securities, LLC, member FINRA and SIPC.

571105 -INV-O-08/20

View source version on businesswire.com: https://www.businesswire.com/news/home/20180810005201/en/