JDD - Nuveen Announces Update to Portfolio Management Team

The Nuveen Diversified Dividend and Income Fund (NYSE: JDD) has updated its portfolio management team. Effective immediately, Kevin Murphy will be named to the fund’s current portfolio management team and will focus on the portion of the fund managed by Wellington. The fund’s investment objectives, investment strategies and management philosophy remain unchanged.

Kevin Murphy, senior managing director, is an emerging markets debt portfolio manager at Wellington. He works closely with Wellington’s Emerging Markets Debt Investment Team to develop investment strategy in the sector. Kevin joined Wellington Management in 2016. Prior to that, he worked at Putnam (1999-2016) as the lead portfolio manager responsible for all external sovereign and corporate emerging market debt investments across a range of different strategies, as well as the lead portfolio manager for the investment-grade corporate credit exposure in all of Putnam's funds. In addition, he co-led a credit team based in Boston and London. Kevin also worked at BancBoston (1996-1999) as a managing director on the Emerging Markets Derivative Products Group and at ING Baring Securities in New York City (1991-1996) as the vice president of the Commodity Finance, Commodity Derivatives, and Structured Asset Groups. Kevin received his BS in electrical engineering from Columbia University's School of Engineering and Applied Science (1987).

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 $989 billion in assets under management as of 31 March 2019 and operations in 23 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 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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