The Nuveen Multi-Strategy Income and Growth Fund (NYSE: JPC) today announced the completion of the fund’s previously announced portfolio repositioning. An overview of the repositioning is available by clicking here. As a result of the repositioning, JPC will focus its investments on preferred securities. Nuveen Asset Management, LLC (NAM) and NWQ Investment Management Company, LLC (NWQ), affiliates of Nuveen Investments, have assumed sole portfolio management responsibilities and each will manage approximately half of the fund’s investment portfolio. Reflecting its new investment strategy, the fund has also changed its name to Nuveen Preferred Income Opportunities Fund, but its ticker symbol remains JPC. For current fund information, please visit JPC’s fund page by clicking here. Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed approximately $230 billion as of January 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.