Fund Description: Nuveen Quality Municipal Income Fund, formerly Nuveen Dividend Advantage Municipal Fund, is a diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Nuveen Quality Municipal Income Fund seeks to provide current income exempt from regular federal income tax and to enhance portfolio value. <p> FUND STRATEGY: The fund invests in municipal securities that are exempt from federal income taxes. The Fund uses leverage. By investment policy, the Fund may invest up to 35% of its managed assets in municipal securities rated at the time of investment BBB and below or judged by the manager to be of comparable quality. However, in connection with its outstanding preferred securities, the Fund has agreed to limit its flexibility to invest in such securities. Those agreements may be amended in the future. <p> FUND MANAGEMENT: Nuveen Fund Advisors, LLC is the advisor of the Fund, which is a subsidiary of Nuveen Investments, Inc. Nuveen Asset Management, LLC is the sub-advisor of the Fund that manages the investment portfolios of the Fund.