Nuveen Short Duration Credit Opportunities Fund Attracts $226 Million

Tools

CHICAGO--(BUSINESS WIRE)-- Nuveen Investments, a leading global provider of investment services to institutions, high-net-worth and affluent investors, today announced it has successfully completed the initial public offering of the Nuveen Short Duration Credit Opportunities Fund. The new closed-end fund’s investment objective is to provide current income and the potential for capital appreciation. The fund seeks to achieve its investment objective by investing primarily in a blended portfolio of below investment grade adjustable rate corporate debt instruments, including senior secured loans, second lien loans and other adjustable rate corporate debt instruments. The fund will begin trading on the New York Stock Exchange (NYSE) today, under the symbol JSD.

The fund raised $226 million in its common share offering, assuming full exercise of the underwriters’ option to purchase additional shares, which may not occur.

Nuveen Fund Advisors, Inc. will be the fund’s investment adviser, responsible for determining the fund’s overall investment strategy and its implementation, including the use of leverage and hedging. Nuveen Fund Advisors, a registered investment adviser, is a subsidiary of Nuveen Investments. Symphony Asset Management, LLC, an indirect subsidiary of Nuveen Investments, will be the fund’s sub-adviser and responsible for the day-to-day management of the Fund’s portfolio of securities.

UBS Investment Bank, BofA Merrill Lynch, Citi, Morgan Stanley, Wells Fargo Securities and Nuveen Securities, LLC acted as joint book-running managers in connection with the offering.

Shares of closed-end investment companies, like the fund, usually trade on a national stock exchange. Similar to stocks, the fund’s share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of closed-end funds often trade at a discount to their net asset value.

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions, high net worth and affluent 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 - NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of April 30, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.

Investors should consider the investment objective and policies, risk considerations, charges and expenses of the fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Investments, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest or send money.

This document is not an offer to sell securities and is not soliciting an offer to buy securities in any jurisdiction where the offer or sale is not permitted.