Nuveen AMT-Free Municipal Value Fund Stock

Nuveen AMT-Free Municipal Value Fund (the Fund) is a diversified, closed-end management investment company. The Fund's primary objective is current income exempt from regular federal income taxes and its secondary objective is to enhance portfolio value and total return. The Fund invests in municipal securities that are exempt from federal income taxes, including the alternative minimum tax (AMT). The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund may invest in inverse floating rate municipal securities. The Fund's investment advisor is Nuveen Fund Advisors, LLC.