From Nuveen

Paul L. Brennan, CFA

Senior Vice President,
Portfolio Manager

Paul manages a number of tax-exempt fixed-income portfolios, including the Intermediate Duration Municipal Bond, the Limited Term Municipal Bond, the New Jersey Municipal Bond and the Pennsylvania Municipal Bond strategies. He also oversees several national and state-specific municipal closed-end funds.

He began his career in the financial industry in 1991 as a municipal credit analyst for Flagship Financial before becoming a portfolio manager in 1994. Paul joined Nuveen Asset Management in 1997 when the firm acquired Flagship Financial. Previously, he audited mutual funds and investment advisors as a member of Deloitte & Touche’s audit group.

As one of the company’s spokesmen on municipal market issues, Paul has been featured in many media outlets including Barron’s, Bloomberg News, The Bond Buyer, BusinessWeek, CNBC TV, Reuters and The Wall Street Journal.

Paul received a B.S. in accountancy and finance from Wright State University. He also earned the Chartered Financial Analyst designation and is a member of the CFA Institute. In addition, Paul is a registered C.P.A. (inactive) in the state of Ohio and a member of the American Institute of Certified Public Accountants.

Firm tenure for Nuveen Asset Management investment professionals may include years of service at predecessor advisory operations.

This material is not intended to be a recommendation or investment advice, does not constitute a solicitation to buy or sell securities. The information does not take into account the specific objectives or circumstances of any investor, or suggest any specific course of action. Investment decisions should be made based on an investor's objectives and circumstances and in consultation with his or her advisors. All investments involve risk and there is no assurance that an investment will provide positive performance over any period of time. There is no assurance that downside protection will be achieved.

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