Global Income and Currency Fund Announces Expiration of Annual Share Repurchase Offer

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced the expiration of the annual repurchase offer of shares of common stock for the Global Income and Currency Fund (NYSE: GCF). The fund is an interval fund and offers its stockholders the opportunity to tender shares once annually, which the fund will repurchase at net asset value (NAV). The fund must repurchase between five and 25 percent of its outstanding shares. The repurchase offer and withdrawal rights expired at 5 p.m. ET on Wednesday, April 11, 2012.

The fund elected to repurchase up to five percent of its outstanding common shares at a price equal to its NAV as of the close of regular New York Stock Exchange (NYSE) trading on April 25, 2012. The repurchase price is subject to a repurchase fee of up to 1.85 percent of the NAV per share repurchased, which will be deducted from the repurchase price. As of Wednesday, April 11, 2012, there were 5,360,486 outstanding shares of the fund, and the repurchase amount of five percent of its outstanding shares is approximately 268,024 shares.

The preliminary count by Computershare, Inc., the fund’s depositary agent, indicated that approximately 1,548,677 shares were validly tendered prior to the expiration of the fund’s repurchase offer. This count is subject to final confirmation and the proper delivery of all shares tendered and not withdrawn. Because the number of shares tendered exceeds the number of shares that the fund is offering to repurchase, those fund shares tendered will be accepted on a pro-rata basis. The preliminary ratio of shares tendered to be accepted for payment is approximately 16.91 percent.

Neither the fund nor its Board made any recommendation to any stockholder as to whether to tender or refrain from tendering shares in the repurchase offer.

The fund's investment objective is to provide current income while also seeking total returns. The fund seeks to achieve its investment objective by constructing and actively managing a portfolio of investments that provides long and short exposure to selected foreign currencies.

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 $230 billion as of January 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.