Market Overview

Three Nuveen Closed-End Funds Declare Distributions

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The Nuveen Real Estate Income Fund (JRS), Nuveen Nasdaq 100 Dynamic
Overwrite Fund (QQQX) and Nuveen S&P 500 Dynamic Overwrite Fund (SPXX)
have declared their regular quarterly distributions. These funds
represent three of several Nuveen investment strategies designed for
investors seeking diversified sources of cash flow to prepare for and
sustain their retirement income and other cash flow needs. Information
regarding each fund's last 19(a) Quarterly Distribution Notice (as of
June 28, 2018) is also included below. This informational notice
provides further details on the sources of fund distributions. The full
text of this notice is also available on the Nuveen website via Distribution
Source Estimates
. For further information regarding fund
distributions including earnings, undistributed net investment income,
and notices please visit www.nuveen.com/cef.

The following dates apply to today's declarations:

Record Date         September 14, 2018
Ex-Dividend Date September 13, 2018
Payable Date October 1, 2018
 
      Quarterly Distribution Per Share
  Change From

Ticker

Exchange

Fund Name

Amount   Previous Quarter
JRS NYSE Nuveen Real Estate Income Fund $.2050

-

QQQX NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $.4200 -
SPXX NYSE Nuveen S&P 500 Dynamic Overwrite Fund $.2800 -
 

Quarterly Managed Distributions

The goal of each fund's managed distribution program is to provide
shareholders relatively consistent and predictable cash flow by
systematically converting expected long-term return potential into
regular distributions. Historical distribution sources have included net
investment income, realized gains and return of capital. If a
distribution includes anything other than net investment income, the
fund provides 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 contained
in shareholders' 1099-DIV forms after the end of the year.

Under a Managed Distribution policy, Nuveen closed-end funds seek to
maintain a stable regular distribution amount that, over the long term,
matches the fund's total distributions paid to its total return.
Investors should not draw any conclusions about a fund's past or future
investment performance from its current distribution rate or from the
terms of its Managed Distribution Policy.

  • Actual returns likely will differ from projected long-term returns,
    (and therefore a fund's distribution rate, also), at least over
    shorter time periods. Over a specific timeframe, a fund's net asset
    value will increase (if returns exceed distributions), or decrease (if
    distributions exceed returns), by the difference between actual
    returns and total distributions.
  • A return of capital is a non-taxable distribution of a portion of the
    fund's capital. When a fund's returns exceed distributions, return of
    capital may represent portfolio gains earned, but not realized as a
    taxable capital gain. In periods when a fund's returns fall short of
    distributions, it will represent a portion of the investors' original
    principal unless the shortfall is offset during other time periods
    over the life of the investment (previous or subsequent) when the
    fund's total return exceeds distributions.
  • For additional information about managed distributions, please see Understanding
    Managed Distributions
    .

The following table provides estimates of each fund's distribution
sources, reflecting year-to-date cumulative experience through the
month-end prior to the latest distribution. The funds attribute these
estimates equally to each regular distribution throughout the year.
Consequently,
the estimated information as of the specified month-end shown below is
for the current distribution, and also represents an updated estimate
for all prior months in the year. JRS estimates that it has distributed
more than its income and net realized capital gains; therefore, a
portion of its distribution may be (and is shown below as being
estimated to be) a return of capital.
A return of capital may
occur, for example, when some or all of the money that you invested in
the Fund is paid back to you.
A return of capital distribution
does not necessarily reflect the Fund's investment performance and
should not be confused with "yield" or "income."

The amounts and sources of distributions reported in this 19(a)
Notice are only estimates and are not being provided for tax reporting
purposes.
The actual amounts and sources of the amounts for tax
reporting purposes will depend upon each Fund's investment experience
during the remainder of the fiscal year and may be subject to changes
based on tax regulations.
Each Fund will send you a Form 1099-DIV
for the calendar year that will tell you how to report distributions for
federal income tax purposes.
More details about each Fund's
distributions and the basis for these estimates are available on
www.nuveen.com/cef
.

Data as of 5/31/2018                                  
  Current Quarter Fiscal YTD       Estimated Percentages
Estimated Sources of Distribution 1 Estimated Sources of Distribution 1 of Distribution 1
Per Share LT ST Return of Per Share LT ST Return of LT ST Return of

Distribution

NII

Gains

Gains

Capital

Distribution

NII

Gains

Gains

Capital

NII

Gains

Gains

Capital

JRS (FYE 12/31) .2050 .0709 .0182 .0000 .1159 .4350 .1505 .0387 .0000 .2458 34.6% 8.9% 0.0% 56.5%
QQQX (FYE 12/31) .4200 .0174 .1773 .2253 .000 .8400 .0347 .3547 .4506 .0000 4.1% 42.2% 53.7% 0.0%
SPXX (FYE 12/31) .2800 .0432 .2368 .0000 .0000 .5600 .0865 .4735 .0000 .0000 15.4% 84.6% 0.0% 0.0%
 
 
1 Net investment income (NII) is a projection through the
end of the current calendar quarter using actual data through the
stated month-end date above. Capital gain amounts are as of the
stated date above. JRS owns REIT securities which attribute their
distributions to various sources including NII, gains, and return of
capital. The estimated per share sources above include an allocation
of the NII based on prior year attributions which can be expected to
differ from the actual final attributions for the current year.
 

The following table provides information regarding each fund's
distributions and total return performance over various time periods.
This information is intended to help you better understand whether
returns for the specified time periods were sufficient to meet
distributions.

Data as of 5/31/2018                      
  Fiscal Annualized Cumulative
Quarterly YTD 5-Year Fiscal YTD Fiscal YTD Fiscal YTD

Inception

Dist

Dist

NAV

Return on NAV

Dist Rate on NAV1

Return on NAV

Dist Rate on NAV1

JRS (FYE 12/31) Nov 2001 .2050 .4350 10.51 7.52% 8.28% -5.28% 4.14%
QQQX (FYE 12/31) Jan 2007 .4200 .8400 23.62 15.24% 7.11% 5.41% 3.56%
SPXX (FYE 12/31) Nov 2005 .2800 .5600 16.38 8.43% 6.84% 1.25% 3.42%
 
1As a percentage of 5/31/2018 NAV.
 

For more general closed-end fund information and education, please visit
Nuveen's closed-end fund website.

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.

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

Nuveen Securities, LLC, member FINRA and SIPC.

594768-INV-O-09/20

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