Nuveen Global Value Opportunities Fund Attracts More Than $420 Million; Successful Exchange-Traded CEF IPO Expands Range of Global Equity Products.

CHICAGO -- Nuveen Investments, a leading provider of diversified investment services, today announced it has successfully completed the initial public offering of the Nuveen Global Value Opportunities Fund, an exchange-traded closed-end fund that seeks a high level of total return by investing primarily in a diversified global portfolio of value equity securities, as well as corporate and governmental debt securities. The fund also features a managed distribution policy designed to deliver the strategy's long-term return potential through regular monthly distributions. The fund, which expands the firm's range of investments available to help advisors serve investors, will begin trading on the New York Stock Exchange (NYSE) today under the symbol JGV.

The fund raised approximately $422 million in its common share offering, assuming full exercise of underwriters' overallotments, which may not occur. The fund is sponsored by Nuveen Investments, LLC. Nuveen Asset Management is the fund's adviser and is responsible for determining the fund's overall investment strategy. Tradewinds, a wholly owned subsidiary of Nuveen Investments, is the Fund's subadviser. With $26.6 billion in assets under management as of June 30, 2006, Tradewinds specializes in international and global value equity strategies. The lead manager of the common share underwriting syndicate was Morgan Stanley & Co. Incorporated.

"The fund's closed-end structure will allow our experienced Tradewinds portfolio management team greater flexibility to seek out what we believe to be undervalued equity securities and to vary the fund's asset allocation by investing in debt based on opportunities in global markets." said Bill Adams, Executive Vice President, Nuveen Investments.

Shares of exchange-traded closed-end investment companies, like the fund, usually trade on a national stock exchange. Similar to stocks, the fund's share price will fluctuate with market conditions and, at the time of sale, may be worth more or less than the original investment. Shares of exchange-traded closed-end funds often trade at a discount to their net asset value. The Fund expects its monthly distributions generally to be comprised of net investment income as well as realized and unrealized portfolio gains. In some cases, distributions may also include a return of principal. See the Fund's prospectus for more information about the tax consequences of these different sources of fund distributions.

Investors should consider the investment objectives and policies, risk considerations, charges and expenses of the fund carefully before investing. For a prospectus which contains this and other information relevant to an investment in the fund, please contact your securities representative or Nuveen Investments, LLC, 333 W. Wacker Drive, Chicago, IL 60606. Investors should read the prospectus carefully before they invest or send money.

This document is not an offer to sell this security and is not soliciting an offer to buy this security in any state where the offer or sale is not permitted.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutions and high-net-worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its highly specialized investment teams, each with its own brand-name and area of expertise: NWQ, specializing in value-style equities; Nuveen, focused on fixed-income investments; Santa Barbara, committed to growth equities; Tradewinds, specializing in global value equities; Rittenhouse, dedicated to "blue-chip" growth equities; and Symphony, with expertise in alternative investments as well as equity and income portfolios. Nuveen Investments manages $149 billion in assets. Nuveen Investments is listed on The New York Stock Exchange and trades under the symbol "JNC."