Nuveen Closed-End Fund Board Approves Closed-End Fund Reorganization

Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that the Board of the Nuveen Global Equity Income Fund (NYSE: JGV) approved a plan to reorganize the fund into the open-end Nuveen NWQ Global Equity Income Fund. As previously announced, the reorganization is subject to shareholder approval at the fund’s annual meeting to be held this fall.

The Board also approved the termination of the sub-advisory agreement between Nuveen Fund Advisors, LLC (NFAL) and Tradewinds Global Investors, LLC (Tradewinds) for JGV, effective August 1, 2016, and approved an interim sub-advisory agreement between NFAL and its affiliate, NWQ Investment Management Company, LLC (NWQ), that will go into effect on the same date. The terms of the fund’s interim sub-advisory agreement between NFAL and NWQ will be identical to the terms of the fund’s current sub-advisory agreement between NFAL and Tradewinds, except that the interim sub-advisory agreement will terminate on the earlier of 150 days after its effective date or the date the reorganization for the fund is consummated.

Additionally, as of August 1, 2016, JGV will no longer be managed by its current portfolio manager and the fund will be managed by the following individuals:

James T. Stephenson, CFA, is a Managing Director, Portfolio Manager and Equity Analyst at NWQ. Prior to joining NWQ in 2006, Mr. Stephenson spent seven years at Bel Air Investment Advisors, LLC, a State Street Global Advisors Company, where he was a Managing Director and Partner. Most recently, Mr. Stephenson was Chairman of the firm’s Equity Policy Committee and the Portfolio Manager for Bel Air’s Large Cap Core and Select strategies. Previous to this, he spent five years as an Analyst and Portfolio Manager at ARCO Investment Management Company. Prior to that, he was an Equity Analyst at Trust Company of the West.

Thomas J. Ray, CFA, is Managing Director, Head of Fixed Income and Portfolio Manager at NWQ. Prior to joining NWQ in 2015, he served as Chief Investment Officer, President and founding member of Inflective Asset Management, a boutique investment firm specializing in convertible securities, from 2001 until 2011. From 2011 until joining NWQ in 2015, Mr. Ray was a private investor. Prior to founding Inflective, Mr. Ray served as portfolio manager at Transamerica Investment Management.

A Q&A with more detailed information on the fund reorganization can be viewed by clicking here.

Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of TIAA Global Asset Management’s high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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Nuveen InvestmentsMedia Contact:Kristyna Munoz(312) [e-mail]