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This is a summary of the Business Recovery Plan (the "Plan") of NWQ Investment Management
Company LLC (hereafter the "Company"). The Plan is designed to address a significant business
disruption affecting the Company's business operations conducted at its Los Angeles headquarters
location and sets forth the Company's objectives of safeguarding employees, recovering and resuming
operations, protecting books and records, and enabling communications with employees, clients, key
service providers, and regulators. The Plan also covers Tradewinds Global Investors, LLC ("Tradewinds"),
which is a registered investment adviser and subsidiary of Nuveen Investments, Inc. The Company and
Tradewinds are headquartered in Los Angeles, and nearly all of the mission critical systems and processes
are also conducted or located in Los Angeles. The Company's parent, Nuveen Investments, Inc., and its
affiliates (collectively, "Nuveen") have adopted similar plans to address significant business
interruptions affecting operations at their offices in Chicago, IL, Minneapolis, MN, Santa Barbara, CA,
and San Francisco, CA.
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Whether you are an institutional client, managed account holder, a shareholder of a fund, or a business partner,
please be advised that the Company's Plan reflects a commitment of NWQ and its employees to plan for and be
prepared for a significant business disruption. Should you have questions regarding a NWQ account, please contact
your financial advisor directly. Institutional Account holders should contact Patrick Schloss, Director of
Institutional Client Service, directly at 310-712-4043.
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The Plan addresses both disruptions that may be caused by an internal incident (such as a fire in the Company's
headquarters building at 2049 Century Park East in Los Angeles) or by a regional or market-related disruption
that applies to many companies. The Plan covers the Company's critical business processes and related employees
that are essential for the Company to continue to conduct business for an interim or temporary period during a
business interruption. All of the most important aspects of the Company's advisory business, including continued
investment management and trading of institutional and separately managed account portfolios, mutual funds, and
other portfolios, and rapid communication to key business partners and clients, is addressed in these processes.
The Company's primary business recovery strategy is to resume its critical business processes and/or provide
access to key critical systems/applications from remote locations, with minimal interruption as soon as possible,
depending on the nature or severity of the disruption.
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The steps being taken pursuant to the Plan are designed to ensure that critical information is captured on a daily
basis in a manner that can be accessed by employees from remote or alternate locations. The Company has contacted
its critical business constituents, such as vendors providing critical systems/applications and/or other services
and evaluated their capabilities to provide services in light of various disruption scenarios, as well as
alternative providers. The Plan also provides that the Company will maintain contacts with regulators during any
business interruption.
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The Company's Information Technology operations form a critical part of the Company's business and its mission
critical systems. The Plan includes details on the Information Technology Department's protocol that identifies
the functions, operations and resources necessary to support the restoration and resumption of critical business
processes performed by the Company's (including Tradewinds') Los Angeles location or facilitate access to critical
systems/applications housed at third-party service providers via an array of communications connectivity. An
alternate facility outside of California also serves as a back-up facility supporting resumption of critical
in-house systems/applications.
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This summary plan is subject to modification from time to time as the Company reviews the Plan and its business operations.
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In conclusion, the Company's Plan addresses the steps the Company (including Tradewinds) will take to address a
temporary business disruption in a systematic and organized fashion. Of course, the effects of a disaster are
difficult to predict and the disruption of systems and processes on an industry wide basis will pose great
challenges for any business continuity plan. There can be no assurance that any plan can address such unforeseen
contingencies.
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