Nuveen High Income 2020 Target Term Fund Stock

Nuveen High Income 2020 Target Term Fund (the Fund) is a closed-end fund. The Fund's objective to provide a high level of current income and to return the original $9.85 net asset value (NAV) per common share on or about November 1, 2020. The Fund seeks to achieve its investment objectives by investing primarily in shorter maturity, high yield (below investment grade) corporate debt securities. The Fund may invest in other types of securities including senior loans, convertible securities and other types of debt instruments and derivatives that provide comparable economic exposure to the corporate debt market. At least 80% of its managed assets will be in corporate debt securities and separately, at least 80% in securities that, at the time of investment, are rated below investment grade or are unrated but judged by the portfolio managers to be of comparable quality. Nuveen Fund Advisors, LLC is the investment advisor and Nuveen Asset Management, LLC is the sub-advisor for the Fund.