Nuveen Announces Merger for New York Municipal Closed-End Funds

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of three New York municipal closed-end funds approved a merger. The merger is intended to create a larger fund with lower operating expenses and increased trading volume for common shares on the exchange.

In connection with the shareholder approval, the funds will be merged as follows:

Acquired Fund

Symbol

Acquiring Fund

Symbol

        
        
        
      
      
        
        
        
           
        
        
        
        
           
        
        
           
        
        
        
        
           
        
        
        
        
        
      
      
        
          Nuveen New York Performance Plus
        
        
        
        
          

NNP

        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Municipal Fund, Inc.
        
        
        
        
          

 

 

        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Nuveen New York Dividend
        
        
        
        
          

NAN

        
        
        
      
      
        
        
        
        
        
        
        
        
        
        
        
          Advantage Municipal Fund
        
        
        
        
          

 

        
        
        
      
      
        
          Nuveen New York Dividend Advantage
        
        
        
        
          

NXK

        
        
        
        
        
        
        
        
        
        
        
        
        
      
      
        
          Municipal Fund 2
        
        
           
        
        
          

 

More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.

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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services in the academic, research, medical and cultural fields. In total, Nuveen Investments managed approximately $233 billion as of March 31, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.

8128-INV-O-05/16

View source version on businesswire.com: http://www.businesswire.com/news/home/20150518006319/en/

Nuveen InvestmentsMedia Contact:Kristyna Munoz, [e-mail]