Nuveen Multi-Asset Income Fund Declares Initial Distribution

The Nuveen Multi-Asset Income Fund (NYSE: NMAI) declared its initial quarterly managed distribution of $0.3500 per share. The fund began trading on the NYSE on November 22, 2021 following the reorganization of Nuveen Diversified Dividend and Income Fund (JDD), Nuveen Tax-Advantaged Total Return Strategy Fund (JTA), and Nuveen Tax-Advantaged Dividend Growth Fund (JTD) into NMAI.

The following dates apply to today's quarterly distribution declaration:

Record Date				December 15, 2021
Ex-Dividend Date				December 14, 2021
Payable Date				December 31, 2021
Ticker		Exchange		Fund Name		Quarterly Distribution Amount Per Share		Distribution Rate on Initial $20 NAV		Market Distribution Rate*
NMAI		NYSE		Nuveen Multi-Asset Income Fund		$0.3500		7.00%		7.73%
*Market price as of November 26, 2021

The new distribution per share for NMAI reflects an increase, compared to JDD, JTA and JTD’s most recent distribution per share, for all shareholders on a common share equivalent-basis, which takes into account the different NAV levels of the funds before and after the reorganization.

NMAI has adopted a managed distribution policy. The goal of a managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders’ 1099-DIV forms after the end of the year.