Four Nuveen Closed-End Funds Announce Updated Portfolio Management Teams

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 four Nuveen closed-end funds.

Nuveen Equity Premium and Growth Fund (NYSE: JPG)
Nuveen Equity Premium Income Fund (NYSE: JPZ)
Nuveen Equity Premium Opportunity Fund (NYSE: JSN)
Nuveen Equity Premium Advantage Fund (NYSE: JLA)

Effective immediately, Michael Buckius and Kenneth Toft, both of Gateway Investment Advisers, LLC, have been appointed co-portfolio managers of the funds. Mr. Buckius joined Gateway Investment Advisers in 1999 and holds the positions of senior vice president and chief investment officer. Mr. Toft joined Gateway Investment Advisers in 1992 and currently serves as senior vice president and portfolio manager. J. Patrick Rogers no longer serves as a portfolio manager of the funds. Each fund’s investment objectives and investment strategies remain unchanged.

For more information on Nuveen closed-end funds, please visit 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. In total, Nuveen Investments managed approximately $219 billion as of December 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.