Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that it intends to propose a series of fund reorganizations to the Nuveen Funds’ Board at the Board’s upcoming meeting in late May.

The proposals are designed to strengthen Nuveen’s global equity offerings and feature the proposed reorganizations of the Nuveen Tradewinds Global All-Cap Fund (NWGAX) and the Nuveen Tradewinds Value Opportunities Fund (NVOAX) into the Nuveen NWQ Global Equity Income Fund (NQGAX). The proposals also include the reorganization of the closed-end Nuveen Global Equity Income Fund (JGV) into the Nuveen NWQ Global Equity Income Fund (NQGAX).

If approved, the proposed fund reorganizations would offer target fund shareholders access to a fund which has generated strong performance and won the 2016 Thomson Reuters Lipper Fund Award for the best performing fund among 33 peers in the Global Equity Income Funds category for the three-year period ending November 30, 2015.

Further, if the proposed actions for the funds are approved by the Funds’ Board and shareholders, they would have the effect of adding scale to NWQ’s Global Equity Income Fund.

Additionally, Peter Boardman, who serves as portfolio manager of the Nuveen Tradewinds International Value Fund (NAIGX) and Nuveen Tradewinds Japan Fund (NTJAX), as well as their related strategies, will be rejoining NWQ, reuniting his successful international value investing process and philosophy with that of NWQ. Subject to Board approval, NWQ will replace Tradewinds as the funds’ sub-adviser. Boardman will be joined by several analysts and other key individuals in the transition to NWQ.

“Several years ago we initiated a program to develop our global/international capabilities. This is a fantastic opportunity as it further enhances those capabilities which we believe will help us to better serve our clients. On behalf of all employees at NWQ, I want to express our appreciation to our partners at Nuveen Investments for their support.” said NWQ’s John Conlin.

“At no other point in our firm’s development have we been as well positioned to draw upon the very best investment thinking, portfolio solutions, product management expertise, and client service resources from across the firm,” said Margo Cook, Co-President, Nuveen Investments. “By undertaking these proposals, we ensure our ability to continue to deliver the most innovative and relevant investment solutions to our clients.”

These proposed changes, in conjunction with a recent filing regarding the planned liquidation of the Nuveen Tradewinds Emerging Markets Fund, lay the foundation for the orderly wind down of Nuveen’s Tradewinds Global Investors affiliate. Assuming Board and shareholder approvals for the proposed fund actions are secured, Nuveen anticipates this process to be complete by the end of the year. Throughout the coming months, Nuveen will facilitate an organized transition to ensure clients have a smooth and seamless experience.

About Nuveen Investments

Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of TIAA Global Asset Management’s high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Thomson Reuters Lipper Fund Award Calculations

In calculating the awards, Lipper considered all open-end funds registered for sale in the United States in qualifying classifications with at least 36 months of performance history as of the end of the calendar year. Awards were given to funds with a 3-, 5- and 10-year history as at the end of the evaluation year in equity, bond and mixed-asset Lipper U.S. Classifications with at least ten distinct portfolios. Both group and fund awards were calculated using Lipper’s Consistent Return score. More detailed information on the awards methodology can be found on their website at Lipper Fund Awards Methodology.

Class I Shares have no sales charge and may be purchased only by specified classes of investors. Other fund share class purchases may be subject to a front-end sales load. The total number of funds in a Lipper award classification may include multiple share classes of a single fund.

Past performance is no guarantee of future results. Funds considered in the Lipper Awards may have experienced negative returns during or since the rating period. Mutual fund investing involves risk; principal loss is possible. There is no guarantee that the funds’ investment objectives will be achieved.

Before investing, carefully consider fund investment objectives, risks, charges and expenses. For this and other information that should be read carefully, please request a prospectus or summary prospectus from your financial advisor or Nuveen Investments at 800.257.8787 or visit www.nuveen.com.

16344-INV-AN-05/18

Nuveen InvestmentsMedia Contact:Kathleen Cardoza(312) 917-7813KATHLEEN.CARDOZA@NUVEEN.COM

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