Nuveen Closed-End Fund Updates Portfolio Management Team

Nuveen, an operating division of TIAA Global Asset Management, today announced an update to the portfolio management team for the Nuveen Minnesota Municipal Income Fund (NYSE: NMS). Christopher Drahn, who currently serves as co-Portfolio Manager of the fund, will assume the role as lead Portfolio Manager of the fund, with the departure of Douglas White, effective immediately. There will not be any impact on the day-to-day management of the fund, its investment objectives or its investment policies.

Christopher Drahn manages tax-exempt fixed income portfolios, including the Short Term Municipal Bond, the Colorado Municipal Bond, the Minnesota Intermediate Municipal Bond and the Missouri Municipal Bond products and related institutional portfolios. He also oversees various closed-end funds. Drahn began working in the financial industry when he joined the firm in 1980, and became a portfolio manager in 1988. Drahn received a B.A. from Wartburg College and an M.B.A. in finance from the University of Minnesota. He also holds the Chartered Financial Analyst designation, and is a member of the CFA Institute, the Minnesota Society of Municipal Analysts and the CFA Society of Minnesota.

Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the advisors who serve them. Through the investment expertise of leading asset managers across traditional and alternative asset classes, Nuveen is committed to delivering consultative guidance that aligns with client needs. Funds are distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen website at


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