NEA - Nuveen Closed-End Funds Complete Preferred Share Issuance

Nuveen today announced that Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) and Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG) have each successfully completed an offering of MuniFund Preferred (MFP) Shares. The Funds will use the net proceeds from the sale of the MFP Shares, along with cash already held by the Funds, to redeem a portion of outstanding MuniFund Preferred Shares (MFP) Shares of different series. The Funds and the corresponding amounts of newly issued MFP Shares are as follows:

The new MFP Shares were issued with terms establishing an initial Variable Rate Remarketed Mode and a term redemption date of March 1, 2029. During the Variable Rate Remarketed Mode, the dividend rate will be set daily by the remarketing agent, and the MFP Shares may be tendered by holders for remarketing by the remarketing agent. The MFP Shares are preferred securities of the respective Funds, are senior, with priority in all respects, to the Fund's common shares in liquidation and as to payments of dividends and rank on parity with other preferred shares of the Fund.

This press release does not constitute an offer to sell or a solicitation to buy any of the securities described herein.

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 $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.

Nuveen Securities, LLC, member FINRA and SIPC.

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

FORWARD LOOKING STATEMENTS:

Certain statements made or referenced in this release may be forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:

• market developments;
• legal and regulatory developments; and
• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.

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