From Nuveen

Stephen (Steve) T. Peña

Senior Vice President
Credit & Equity Analyst

Prior to joining NWQ in 2015, Steve was a Portfolio Risk Manager at Ares Management, L.P. where he was principally responsible for building and implementing a risk system to conduct sensitivity analysis and quantify Value at Risk. Before Ares, he was a Capital Structure Analyst at Greenbelt Capital Management, LLC. Prior to that, Steve was a Fixed Income Financial Analyst at Inflective Asset Management, LLC, where he lead research coverage of the industrial, real estate, consumer discretionary, and financial sectors. Steve began his career at Pacific Investment Management Company as a Trading Assistant.

Steve earned his B.S. degree in Economics with Financial Applications from Southern Methodist University.

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.

NWQ Investment Management Company, LLC

2049 Century Park East, Suite 1600 Los Angeles, CA, 90067

(310) 712-4000
(310) 712-4100 (fax)