Nuveen Investments Announces Portfolio Management Update

Nuveen Investments, a leading provider of diversified investment services to institutional and high-net-worth investors, today announced an update to the portfolio management teams for the following five Nuveen closed-end funds.

Dow 30 Premium and Dividend Income Fund (NYSE: DPD)Dow 30 Enhanced Premium & Income Fund (NYSE: DPO)NASDAQ Premium Income & Growth Fund (NASDAQ: QQQX)Nuveen Core Equity Alpha Fund (NYSE: JCE)Nuveen Tax-Advantaged Dividend Growth Fund (NYSE: JTD)

Effective immediately, Keith B. Hembre and David A. Friar have been appointed portfolio managers of the funds. Each fund’s investment objectives and investment strategies remain unchanged. Additionally, INTECH Investment Management, LLC remains as a sub-adviser for the Core Equity Alpha Fund and Santa Barbara Asset Management LLC and NWQ Investment Management LLC also remain as sub-advisers to the Tax-Advantaged Dividend Growth Fund, with their respective sub-advised portfolio management teams unchanged.

Mr. Hembre, Managing Director of Nuveen HydePark Group, LLC (“HydePark”) and Nuveen Asset Management, LLC, entered the financial services industry in 1992. He joined Nuveen Asset Management, LLC in January 2011 following the firm’s acquisition of a portion of the asset management business of FAF Advisors, Inc. (“ FAF Advisors”) and currently serves as Nuveen Asset Management’s Chief Economist & Chief Investment Strategist. Mr. Hembre previously served in various positions with FAF Advisors since 1997 where he headed the team that managed the firm’s asset allocation, international equity, quantitative equity, and index products and most recently also served as Chief Economist and Chief Investment Strategist. Prior to FAF Advisors, he worked in the Banking Studies group at the Federal Reserve Bank of Minneapolis and taught economics at the St. Petersburg University of Economics and Finance in St. Petersburg, Russia. Keith graduated from the University of Minnesota with a bachelor’s degree and Baylor University with a master’s degrees in economics. He is a member of the CFA Institute.

Mr. Friar, Portfolio Manager of HydePark and Nuveen Asset Management, LLC since January 2011, entered the financial services industry in 1998. He joined Nuveen Asset Management, LLC in January 2011 following the firm’s acquisition of a portion of the asset management business of FAF Advisors. Mr. Friar previously served in various positions with FAF Advisors since 1999 where he served as a member of FAF’s Performance Measurement group. He previously provided quantitative analysis of equity portfolios and constructed quantitatively driven portfolios for institutional and taxable clients. He received a B.S. in finance from Metropolitan State University.

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 NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, Nuveen Investments managed approximately $195 billion as of December 31, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Copyright Business Wire 2010

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