Nuveen Taxable Municipal Income Fund Announces Final Results of Tender Offer

NEW YORK–(BUSINESS WIRE)–The Nuveen Taxable Municipal Income Fund (NYSE: NBB) announced the final
results of the tender offer it conducted for a portion of its common
shares.

As previously announced, the fund conducted a tender offer for up to 20
percent of its outstanding common shares for cash at a price per share
equal to 100 percent of the net asset value per share determined on the
date the tender offer expired. The price that shareholders will receive
will be net of a repurchase fee of $0.0261 per share. The tender offer
expired on February 12, 2019 at 5:00 p.m. Eastern time and was
oversubscribed.

Due to the fact that the number of shares tendered exceeded the number
of shares of the fund offered for purchase, the fund will purchase the
maximum percentage of its respective outstanding common shares on a
pro-rata basis in accordance with the number of shares duly tendered by
each shareholder and the terms of the offer to purchase.

                                 
Number of
Shares
Tendered
      Number of
Tendered Shares
to be Purchased
      Pro-Ration
Factor
     

Purchase Price
(100% of NAV
on
Expiration

Date less
repurchase fee)

      Number of Outstanding
Shares after Tender
Offer
12,499,735       6,838,973       .0547171040       $20.8631       27,355,891
                       

The fund will purchase the common shares accepted for payment as
promptly as practicable. Shareholders who have questions regarding the
tender offer should contact their financial advisors or should call
Georgeson LLC, the fund’s information agent for the tender offer, at
(888) 605-8334.

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of
outcome-focused investment solutions designed to secure the long-term
financial goals of institutional and individual investors. Nuveen has
$930 billion in assets under management as of 12/31/18 and operations in
16 countries. Its affiliates offer deep expertise across a comprehensive
range of traditional and alternative investments through a wide array of
vehicles and customized strategies. For more information, please visit www.nuveen.com.

The information contained on the Nuveen website is not a part of this
press release.

Nuveen Securities, LLC, member FINRA and SIPC.

747115-INV-O-02/21

Contacts

Kristyna Munoz
254-644-1615
Kristyna.munoz@nuveen.com

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