Nuveen taps John Wilhelm to manage four municipal funds

By Devika Patel

Knoxville, Tenn., March 12 - Nuveen Investments Inc. announced in a press release that John Wilhelm will assume full portfolio management responsibility for four municipal bond closed-end funds, effective March 23.

The funds affected are the Nuveen Premium Income Municipal Fund 4 (NYSE: NPT), the Nuveen Investment Quality Municipal Fund (NYSE: NQM), the Nuveen Municipal High Income Opportunity Fund 2 (NYSE: NMD) and the Nuveen Municipal Income Fund (NYSE: NMI).

Wilhelm currently is co-portfolio manager for the Nuveen Municipal High Income Opportunity Fund 2 and the Nuveen Municipal Income Fund, with John Miller.

Wilhelm now will assume full responsibility of these funds from Miller, who will continue as chief investment officer of Nuveen's municipal bond investment team.

Nuveen Premium Income Municipal Fund 4 and Nuveen Investment Quality Municipal Fund currently are managed by Paul Brennan, who will continue to run several of Nuveen's national municipal closed-end funds.

Additionally, Wilhelm also is co-portfolio manager of the Nuveen Municipal High Income Opportunity Fund (AMEX: NMZ) with John Miller, but will give up this role as he assumes his new portfolio management responsibilities. Miller will remain as the fund's portfolio manager.

Wilhelm also is portfolio manager of the Nuveen All American Municipal Bond Fund.

Prior to assuming portfolio management duties, Wilhelm led a team of five credit analysts that specialize in industrial development bonds, utilities and real estate-backed financings. Before joining Nuveen in 1999, he was a senior credit analyst at Van Kampen, where he specialized in the health care, electric utility, chemicals and paper and forest product sectors.

Wilhelm earned a bachelor's in business from Miami University in Ohio and a juris doctor degree from DePaul University.

Chicago-based Nuveen sells investment products.

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