Nuveen Announces Updates to Closed-End Fund Portfolio Management Teams

Portfolio manager responsibilities for five closed-end funds for which Nuveen Asset Management (NAM) serves as a sub-advisor have been updated. Effective immediately, Jody I. Hrazanek is no longer a portfolio manager of the funds. David A. Friar is retaining his responsibilities overseeing day-to-day management of affected mandates. There will not be an impact on the funds' strategies, investment objectives or policies.

*These funds have additional mandates managed by other sub-advisors. Only NAM's mandate for each fund is impacted by this announcement.

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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