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Nuveen Closed-End Funds Declare Distributions

February 1, 2019

NEW YORK--(BUSINESS WIRE)--Feb 1, 2019--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.

The following dates apply to today’s monthly distribution declarations for the following tax-exempt and taxable closed-end funds:

Monthly Tax-Exempt Municipal Distributions

Monthly distributions from Nuveen’s municipal bond closed-end funds are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds are also generally exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds’ objectives, monthly distributions of the municipal funds may be subject to the Federal Alternative Minimum Tax for some shareholders.

Monthly Taxable Distributions

Monthly Capital Return Plan Policy Distribution

JQC has adopted a capital return plan through which the fund will return to shareholders 20 percent of the fund’s common assets, over a period of three years ending on December 31, 2021, through supplemental amounts included in the fund’s regular monthly distribution. Distribution sources will include net investment income and return of capital and may include realized gains. The fund will provide 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 (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.

The following dates apply to today’s monthly capital return distribution declaration for the following closed-end fund:

Monthly Cash-Flow Based Distributions

Each of the three taxable funds listed immediately below have adopted a cash-flow based distribution program. 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 the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.

The following dates apply to today’s monthly cash-flow based distribution declarations for the following closed-end funds:

Future Distribution Announcements

Distribution information and all other Nuveen closed-end fund product updates can be found on Nuveen’s enhanced closed-end fund resource page on the Nuveen.com website. The Nuveen Closed-End Funds will be discontinuing the practice of announcing distributions via press release at the end of the first quarter. Shareholders can expect regular distribution information to be posted on that resource page on the first business day of each month. Nuveen continues our commitment to sharing timely and accurate information regarding closed-end funds with our clients. This new resource page will streamline communication and information sharing with all important distribution and fund update information in one place.

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 $930 billion in assets under management as of 12/31/18 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.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation. Income may be subject to state and local taxes, as well as the federal alternative minimum tax.

733205-INV-O-02/21

View source version on businesswire.com:https://www.businesswire.com/news/home/20190201005520/en/

CONTACT: Name Kristyna Munoz

Phone 254-644-1615

EmailKristyna.munoz@nuveen.com

KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES FINANCE

SOURCE: Nuveen

Copyright Business Wire 2019.

PUB: 02/01/2019 05:55 PM/DISC: 02/01/2019 05:55 PM

http://www.businesswire.com/news/home/20190201005520/en

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