This is a summary of the Business Recovery Plan (the "Plan") of Tradewinds Global
Investors 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 NWQ Investment Management Company, LLC, which is a registered investment adviser and
subsidiary of Nuveen Investments, Inc. The Company, and NWQ 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.
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 Tradewinds
and its employees to plan for and be prepared for a significant business disruption. Should you
have questions regarding a Tradewinds account, please contact your financial advisor directly.
Institutional Account holders should contact Patrick Schloss, Director of Institutional Client
Service, directly at 310-712-4043.
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.
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.
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 NWQ's) 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.
This summary plan is subject to modification from time to time as the Company reviews the Plan and its business
operations.
In conclusion, the Company's Plan addresses the steps the Company (including NWQ) 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.