Nuveen Closed-End Funds Report Updated Preferred Shares Ratings

CHICAGO--(BUSINESS WIRE)--Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that an investor Q&A has been posted, providing details on the recently reported change in Moody’s long term ratings of preferred shares issued by certain municipal Nuveen closed-end funds as well as the closed-end fund industry more broadly. More detailed information about this action and these ratings changes can be found in the Moody’s Long Term Ratings Q&A by clicking here.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.