Nuveen Announces Completion of Global Currency Closed-End Fund Merger

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the merger of the Global Income and Currency Fund, Inc. (NYSE: GCF) into the Nuveen Diversified Currency Opportunities Fund (NYSE: JGT) was completed prior to the opening of business December 10, 2012.

Acquired Fund

Symbol

Acquiring Fund

Symbol

        
      
      
        
          Global Income and Currency Fund, Inc.
        
        
        
        
          

GCF

        
        
        
        
          Nuveen Diversified Currency Opportunities Fund
        
        
        
        
          

JGT

In the merger, JGT acquired substantially all of the assets and liabilities of GCF in a tax-free transaction in exchange for an equal aggregate value of newly-issued common shares. The exchange took place based upon the funds’ closing net asset values on December 7, 2012. The exchange ratio at which common shares of the acquired fund were exchanged for common shares of the acquiring fund is listed below:

Fund

Exchange Ratio

        
      
      
        
          Global Currency and Income Fund (GCF)
        
        
        
        
          1.00086028 shares of JGT for every share of GCF
        
      
    
    

More detailed information about the portfolio repositioning and merger can be found in the Restructuring Overview.

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 $220 billion as of September 30, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.