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)

Keith B. Hembre and David A. Friar, who were recently named portfolio managers of the funds, and James Colon, who has been named a portfolio manager effective immediately, have now assumed full responsibility for the funds’ portfolio management. Rob A. Guttschow and John Gambla are no longer 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 Company, LLC also remain as sub-advisers to the Tax-Advantaged Dividend Growth Fund, with their respective sub-advised portfolio management teams unchanged.

Mr. Colon is a portfolio manager and senior quantitative analyst for Nuveen HydePark Group, LLC and Nuveen Asset Management, LLC. His responsibilities include portfolio management, risk management and research, with a specific focus on asset allocation strategies. Prior to HydePark, James was a Vice President and Portfolio Manager at HydePark affiliate Nuveen Investment Solutions (“NIS”), where he managed the quantitative analysis underlying NIS’s asset allocation, alternative investment research, and risk management methods. James is a member of the CFA Institute, the CFA Society of Chicago, and the International Association of Financial Engineers.

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 HydePark. In total, Nuveen Investments managed approximately $197 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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