Nuveen Closed-End Funds Declare Distributions

Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that several closed-end funds declared regular monthly distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef.

The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds:

Monthly Tax-Exempt Municipal Distributions

Monthly distributions from Nuveen's municipal bond closed-end funds are generally exempt from regular Federal income taxes, and monthly distributions of single-state municipal funds are also generally exempt from state and, in some cases, local income taxes for in-state residents. Unless otherwise stated in the funds' objectives, monthly distributions of the municipal funds may be subject to the Federal Alternative Minimum Tax for some shareholders.*

Monthly Cash-Flow-Based Distributions

Each of the five taxable funds listed immediately below have adopted a cash-flow based distribution program. Potential distribution sources include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of payment which may be viewed at: www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year.

Under a cash-flow based distribution approach, each fund seeks to maintain an attractive and stable regular distribution amount based on the fund’s net cash flow received from portfolio investments. Fund distributions are not intended to include expected portfolio appreciation; each fund may invest in securities which have cash flow that ultimately may be fully or partially treated as gains or return of capital for tax purposes. You should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate.

The following dates apply to today's monthly cash-flow based distribution declarations for the following closed-end funds:

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.

* Nuveen does not provide tax advice; consult a professional tax advisor regarding your specific tax situation.

15946-INV-O-05/17

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