Nuveen Investments Announces Portfolio Management Update

Nuveen Investments, a leading global provider of investment services to institutions, as well as individual investors, today announced an update to the portfolio management teams for the following five Nuveen closed-end funds.

Dow 30 SM Premium and Dividend Income Fund (NYSE: DPD)Dow 30 SM 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)

Nuveen Asset Management, LLC, remains responsible for all five funds’ option overlay implementation. Keith B. Hembre and David A. Friar, who currently manage the funds’ option overlay program, have now assumed full responsibility for the funds’ option overlay program. James Colon will no longer be a co-portfolio manager of the funds’ option overlay program, but will remain with Nuveen Asset Management.

Additionally, Nuveen Asset Management, LLC, is responsible for managing the underlying equity portfolios of DPD, DPO and QQQX. Mr. Hembre and Mr. Friar will assume full responsibility for management of these funds’ underlying portfolios. James Colon will no longer be a co-portfolio manager of these funds’ underlying portfolios. Investment responsibility for the underlying portfolios of JCE and JTD remain unchanged. INTECH Investment Management, LLC remains as a sub-adviser for JCE and Santa Barbara Asset Management, LLC and, NWQ Investment Management Company, LLC remain as sub-advisers for JTD.

Each fund’s investment objectives and investment strategies remain unchanged. More information on these and other Nuveen closed-end funds is posted on Nuveen’s web site at www.nuveen.com/cef.

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, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC., a subsidiary of Nuveen Investments, Inc. In total, Nuveen Investments managed nearly $215 billion as of September 30, 2013. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Copyright Business Wire 2010

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