Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced an update to the portfolio management team for the Nuveen Diversified Dividend and Income Fund (NYSE: JDD). Effective immediately, Thomas J. Ray joins the fund’s current portfolio management team and will focus on the portions of the fund managed by NWQ, an affiliate of Nuveen Investments. The fund’s investment objectives, investment strategies and management philosophy remain unchanged.

Thomas J. Ray began working in the financial services industry in 1991 and is currently Managing Director and Head of Fixed Income at NWQ. Prior to joining NWQ, he most recently served as Chief Investment Officer, President and founding member of Inflective Asset Management; a boutique investment firm specializing in convertible securities. Prior to founding Inflective, Mr. Ray also served as portfolio manager at Transamerica Investment Management. Ray graduated from University of Wisconsin with a B.B.A in Finance, Investment & Banking and an M.S. in Finance. He holds the Chartered Financial Analyst designation and is a member of the CFA Institute.

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 approximately $225 billion as of December 31, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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