Nuveen Announces Shareholder Approval of Equity Option Closed-End Fund Restructuring

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of certain Nuveen equity option closed-end funds have approved a series of proposals designed to simplify and enhance the appeal of Nuveen’s suite of equity option closed-end funds. As previously announced, the restructuring will create a series of scaled, unleveraged funds, each offering shareholders a choice of underlying equity index exposure (S&P 500, Dow 30 or Nasdaq 100) along with an option overlay strategy that seeks to provide participation in the returns of the respective indices but with less expected volatility and a measure of downside protection over time.

The funds for which shareholder approval has been obtained are:

• Nuveen Equity Premium Income Fund (JPZ);
• Nuveen Equity Premium and Growth Fund (JPG);
• Nuveen Equity Premium Advantage Fund (JLA);
• Dow 30 SM Premium & Dividend Income Fund Inc. (DPD);
• Dow 30 SM Enhanced Premium & Income Fund Inc. (DPO); and
• NASDAQ Premium Income & Growth Fund Inc. (QQQX).

The last fund involved in this restructuring, the Nuveen Equity Premium Opportunity Fund (JSN), has adjourned its shareholder meeting concerning approval of the restructuring until Friday, December 5, 2014, to permit the continued solicitation of additional votes. The adjourned meeting will be held at 4:00 p.m., Central time, on Friday, December 5, 2014 at the offices of Nuveen Investments, 333 West Wacker Drive, Chicago, Illinois 60606.

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 independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services in the academic, research, medical and cultural fields. In total, Nuveen Investments managed $231 billion as of June 30, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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