CFD Nuveen Diversified Commodity Fund Common Units of Beneficial Interest

Nuveen Investments, an operating division of TIAA Global Asset Management, today announced that the Nuveen Diversified Commodity Fund (NYSE MKT: CFD) and the Nuveen Long/Short Commodity Total Return Fund (NYSE MKT: CTF) declared regular monthly distributions.

The following dates apply to the distributions for CFD and CTF:   Record Date May 31, 2016 Ex-Dividend Date May 26, 2016 Payable Date June 1, 2016     Monthly Distribution Per Share Change From

Ticker

Fund Name

Amount

  Previous Month CFD Diversified Commodity Fund $.0580 - CTF Long/Short Commodity Total Return Fund $.0900 -  

The funds intend to make regular monthly distributions to shareholders based on past and projected performance. Among other factors, the funds seek to establish a distribution rate that roughly corresponds to projections by the fund’s manager, Nuveen Commodities Asset Management, of the total return that could reasonably be expected to be generated by the funds over an extended period of time. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate. As market conditions and portfolio performance may change, the rate of distributions on the shares and the funds’ distribution policy could change.

Because each fund expects to be classified as a partnership for tax purposes, shareholders will be allocated their pro-rata share of the fund’s income, gains, losses, deductions and credits for purposes of computing their tax liability. Fund shareholders will receive a Schedule K-1 which reports their allocable portion of such tax items. An investment in the funds’ shares is subject to investment risk, including the possible loss of the entire amount invested. The funds invest primarily in commodity futures contracts and options on commodity futures contracts, which have a high degree of price variability and are subject to rapid and substantial price changes. The funds could incur significant losses on commodity investments. The funds are commodity pools; they are not mutual funds, closed-end funds, or any other type of “investment company” within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder.

This press release is not a solicitation to buy or sell fund shares. The funds do not presently offer any new shares for sale; existing shares trade on the NYSE MKT.

Nuveen Commodity Asset Management, LLC is the manager of the funds and is registered as a commodity pool operator with the Commodity Futures Trading Commission. Nuveen provides investment solutions designed to help secure the long-term goals of individual investors and the financial advisors who serve them. Through the expertise and capabilities of TIAA Global Asset Management’s high-caliber investment managers, Nuveen is committed to providing world-class consultative services and advice that align with client needs. Nuveen Investments is an operating division of TIAA Global Asset Management. For more information, please visit the Nuveen Investments website at www.nuveen.com.

15948-INV-O-05/17

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Nuveen InvestmentsMedia Contact:Kristyna Munoz(312) 917-8343KRISTYNA.MUNOZ@NUVEEN.COM