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| This is a summary of the Business Continuity Plan (the "Plan") of Rittenhouse Asset Management, Inc. (hereafter the "Company"). The Plan is designed to address a significant business disruption affecting the Company's business operations conducted at its Radnor, PA based office location and sets forth the Company's objectives of safeguarding employees, recovering and resuming operations, protecting books and records, and enabling communications with employees, financial advisors, investors, key service providers, and regulators. The Plan covers Rittenhouse Asset Management, Inc., an investment advisory firm and subsidiary of Nuveen Investments, Inc. The parent company, Nuveen Investments, Inc. is headquartered Chicago, IL. Nuveen Investments, Inc. and its other investment adviser subsidiaries are revising or adopting similar plans to address significant business interruptions affecting operations at their offices in Los Angeles, CA, and San Francisco, CA. |
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| The Plan reflects a long-standing commitment of the Company and its employees to plan for and be prepared for a significant business disruption. The Plan addresses both disruptions that may be caused by a local incident such as a fire in the Company's office building at 5 Radnor Corporate Center, 100 Matsonford Road in Radnor, PA, 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. Every important aspect of the Company's securities business, including continued investment management of accounts and portfolios, continued trading activity, and rapid communication to key business partners and clients, is addressed in these processes. The Company's goal is to recover its Critical Business Processes with minimal interruption, on the same day, if possible, depending on the nature of the disruption. Persons, who may have questions regarding their Rittenhouse Asset Management account, should contact their financial advisors directly. |
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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 alternate locations. The Plan also provides that the Company will maintain contacts with regulators during any business interruption and continue to make any necessary regulatory filings. |
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| The Company's Information Technology operations form a critical part of the Company's business and each of its Critical Business Processes. The Plan includes a detailed IT Contingency Plan which identifies the functions, operations and resources necessary to support the restoration and resumption of business processes performed by the Company's Radnor facility and supported by the Chicago location. |
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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. Customers may alternatively obtain a written copy of this summary plan by contacting Rittenhouse Asset Management, Inc, Internal Advisors Consultants Department, by mail at 5 Radnor Corporate Center, 100 Matsonford Road, Suite 300, Radnor, PA 19087. |
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| In conclusion, the Company's Plan addresses the steps the Company will take to address a temporary or significant business disruption in a systematic and organized fashion. Of course, the effects of a significant business disruption 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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