Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the Board of Trustees of the Nuveen Global Income Opportunities Fund (NYSE: JGG) and Nuveen Diversified Currency Opportunities Fund (NYSE: JGT) have approved a proposal to restructure the funds. The proposed restructuring, if approved, would combine JGG and JGT into a single fund with a new investment mandate. The combined fund would continue to be managed by Nuveen Asset Management (NAM) and would employ NAM’s global high income investment strategy, which seeks to identify securities from around the world as well as across the capital structure and credit spectrum that offer attractive income and long-term performance potential. For more information on the proposed restructuring, please refer to the Q&A on Nuveen’s CEF website.

The proposed restructuring seeks to increase demand for the combined fund’s common shares and narrow its trading discount by implementing a more understandable investment mandate within a well-established market segment that offers enhanced income potential. Additionally, the larger combined fund would be expected to enjoy increased economies of scale and consequently generate on-going fee and expense savings for shareholders.

As part of the proposed restructuring, the newly combined fund will conduct a tender offer to purchase up to 25% of its outstanding common shares for cash at a price per share equal to 98% of the net asset value per share as of the purchase date. Subject to the exercise by the Board of Trustees of their fiduciary duties in the event of a material change in circumstances, the tender offer’s commencement date will be announced within one month after the completion of the funds’ reorganization, and participating shareholders will receive payment for tendered shares within three months after the completion of the reorganization.

The proposed restructuring is subject to certain conditions, including necessary approvals by the funds’ shareholders. Detailed information on the proposed restructuring, including a description of the proposed investment strategy of the combined fund, will be contained in proxy materials to be mailed to shareholders in connection with the funds’ annual meeting. Subject to market conditions, the restructuring is expected to be completed shortly after receipt of the necessary shareholder approvals.

The annual meeting of shareholders of each fund has been scheduled for October 31, 2014. Because each fund has moved the date of its annual meeting by more than 30 days from the date of last year’s annual meeting of shareholders, the deadlines for submissions of shareholder proposals relating to the meeting have changed from the dates specified in the funds’ 2013 proxy statement. To be considered for presentation at the annual meeting, shareholder proposals submitted pursuant to Rule 14a-8 under the Securities Exchange Act of 1934 (the “1934 Act”) must be received at the offices of the applicable fund, 333 West Wacker Drive, Chicago, Illinois 60606, not later than August 18, 2014. A shareholder wishing to provide notice in the manner prescribed by Rule 14a-4(c)(1) under the 1934 Act for a proposal submitted outside of the process of Rule 14a-8 for the annual meeting must, pursuant to the fund’s by-laws, submit such written notice to the applicable fund not later than September 16, 2014.

In connection with the Board’s approval of the proposed restructuring, Bulldog Investors, LLC (“Bulldog”), the largest shareholder of each fund, has agreed to vote the shares of the funds for which it has the power to vote or direct the vote in accordance with the recommendation of the Board of Trustees with respect to the proposals submitted to shareholders at the upcoming annual meetings of shareholders of the funds. Bulldog has also agreed to be bound by certain “standstill” covenants with respect to the funds (including the combined fund).

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 approximately $225 billion as of March 31, 2014. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Forward-Looking Statements

Certain statements made herein are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:

• market developments;

• legal and regulatory developments;

• the ability to satisfy conditions to the proposed fund restructuring; and

• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen Fund Advisors and its affiliates undertake no responsibility to update publicly or revise any forward-looking statements.

The Annual and Semi-Annual Reports and other regulatory filings of Nuveen closed-end funds with the Securities and Exchange Commission (SEC) are accessible on the SEC's web site at www.sec.gov and on Nuveen's web site at www.nuveen.com/cef and may discuss the above-mentioned or other factors that affect Nuveen closed-end funds. The information contained on our web site is not a part of this document.

Important Information

In connection with the proposed fund restructuring discussed above, the funds expect to file with the SEC, solicitation materials in the form of a joint proxy statement/prospectuses that will be included in a registration statement on Form N-14. Investors are urged to read the solicitation materials and any other relevant documents when they become available because they will contain important information about the proposed fund restructuring. After they are filed, free copies of the solicitation materials will be available on the SEC’s web site at www.sec.gov.

This communication is not a solicitation of a proxy from any fund shareholder and does not constitute an offer of any securities for sale. No offer of securities will be made will be made except pursuant to a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. However, the funds, Nuveen Fund Advisors and certain of their respective trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders in connection with the proposed fund restructuring discussed above. Information about the trustees and officers of the funds may be found in their respective Annual Reports and annual proxy statements previously filed with the SEC.

This communication is neither an offer to purchase nor a solicitation of an offer to sell shares of the funds. The combined fund will file a Tender Offer Statement on Schedule TO with the SEC. Shareholders are urged to read the tender offer materials (including an Offer to Purchase, a related Letter of Transmittal and certain other offer documents) when available because they contain important information, which should be read carefully before any decision is made with respect to the tender offer. The Tender Offer Statement will also be available at no charge on the SEC’s website at www.sec.gov. Free copies of these materials and certain other offering documents will be available by mail by contacting the combined fund, 333 West Wacker Drive, Chicago, Illinois 60606.

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