Nuveen Investments Announces Portfolio Manager Update

Nuveen Investments, a leading provider of diversified investment services to institutional and high-net-worth investors, today announced the departure of Lenny Mason, a co-portfolio manager for Nuveen’s floating rate, senior loan closed-end funds. The funds continue to be managed by Symphony Chief Investment Officer and portfolio manager, Gunther Stein and his team. Stein and his team will also continue to manage the income component of Nuveen’s multi-strategy and domestic equity closed-end funds, that Mason helped manage. The portfolio management change is effective immediately and affects the following funds:

Nuveen Floating Rate Debt Funds

Nuveen Senior Income Fund (NYSE: NSL)
Nuveen Floating Rate Income Fund (NYSE: JFR)
Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO)

Nuveen Multi-Strategy Funds

Nuveen Multi-Strategy Income and Growth Fund (NYSE: JPC)
Nuveen Multi-Strategy Income and Growth Fund 2 (NYSE: JQC)
Nuveen Diversified Dividend and Income Fund (NYSE: JDD)

Nuveen Domestic Equity Fund

Nuveen Tax-Advantaged Total Return Strategy Fund (NYSE: JTA)

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of HydePark, NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, the Company managed $119 billion of assets on December 31, 2008.

Contacts:

Nuveen Investments
Media Contact:
Kristyna Sujata
312-917-8343
KRISTYNA.SUJATA@NUVEEN.COM
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