JTA - Nuveen Announces Updates to Closed-End Fund Portfolio Management Teams

Portfolio manager responsibilities for six closed-end funds for which Symphony Asset Management serves as subadvisor have been updated. There will be no impact on the investment approach, investment strategies or any of the funds’ investment objectives or policies.

Information on the portfolio management transition is outlined in the two tables below.

The portfolio management updates listed below are applicable to the sleeve of the funds managed by Symphony Asset Management, an affiliate of Nuveen.

Mr. Caraher is a Co-Head of Investments, a member of the Risk Committee and responsible for Symphony’s retail and institutional bank loan-focused portfolios, including credit trading related to bank loans. Mr. Caraher has served more than 15 years at Symphony. Prior to joining the firm in 2002, he was an Investment Banking Analyst in the industrial group at Deutsche Banc Alex Brown in New York. Mr. Caraher received a BS in finance from Georgetown University.

Ms. Rhee is a Co-Head of Investments, a member of the Risk Committee and responsible for all of Symphony’s high-yield strategies, including the Long-Short Credit Strategy, the long-only Credit Opportunities Strategy and credit trading related to high yield. She has served more than 15 years at Symphony. Prior to joining the firm in 2001, she was a member of the equity research team at Epoch Partners, and she began her career as an Investment Banking Analyst at Credit Suisse First Boston. Ms. Rhee received a BS in business administration from the University of California, Berkeley.

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 $989 billion in assets under management as of 3/31/19 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. Nuveen Securities, LLC, member FINRA and SIPC.

Symphony Asset Management LLC is a registered investment adviser and an affiliate of Nuveen, LLC.

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

855087-INV-AN-05/21

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