NXC - Nuveen Closed-End Funds Declare Distributions

Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of income 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

Nuveen High Income December 2018 Target Term Fund (NYSE:JHA) announced plans to liquidate on or about November 30, 2018. The fund will not declare its regular monthly distribution in November 2018 and expects that all accumulated earnings will be included in the final liquidating distribution. For details, see the Press Release.

Due to the upcoming merger of Nuveen Build America Bond Opportunity Fund (NYSE: NBD) into Nuveen Build America Bond Fund (NYSE: NBB), distribution amounts for November will be declared separately. We expect to announce a pre-merger distribution on November 6, 2018, to shareholders of record on November 16, 2018, payable December 6, 2018. A post-merger distribution will be announced on November 19, 2018, to shareholders of record on November 29, 2018, payable December 6, 2018. The total dollar amount of the pre- and post-merger distributions received on December 6, 2018 will be equal to or greater than the shareholders’ prior monthly dividend amount.

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:

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.

647682-INV-O-11/20

View source version on businesswire.com: https://www.businesswire.com/news/home/20181101006191/en/