SEC Form N-23C-2 filed by Nuveen Intermediate Duration Municipal Term Fund

Securities and Exchange Commission

Washington, DC 20549

Rule 23c-2 Notice of Intention to

Redeem Securities

of

Nuveen Intermediate Duration Municipal Term Fund

333 West Wacker Drive

Chicago, Illinois 60606

under the

Investment Company Act of 1940

Investment Company Act File No. 811-22752

The undersigned registered closed-end investment company hereby notifies the Securities and Exchange Commission that it intends to redeem securities of which it is the issuer, as set forth below in accordance with the requirements of Rule 23c-2 under the Investment Company Act of 1940 (the “Act”).

Adjustable Rate MuniFund Term Preferred Shares, Series 2023, Liquidation Preference $100,000.00 per share (CUSIP #670671 403);

Adjustable Rate MuniFund Term Preferred Shares

The Fund intends to redeem up to the full amount of the outstanding Adjustable Rate MuniFund Term Preferred Shares, Series 2023 by the date set forth above. This redemption may be effected on one or more different dates, due to market conditions or otherwise as determined by the Board of Trustees of the Fund.

The Adjustable Rate MuniFund Term Preferred Shares are to be redeemed pursuant to Section 2.5(c) of the Statement Establishing and Fixing the Rights and Preferences of Adjustable Rate MuniFund Term Preferred Shares of the Fund.

The Fund intends to redeem the outstanding preferred shares, as set forth below:

Adjustable Rate MuniFund Term Preferred Shares

To the extent the Fund redeems less than the full amount of outstanding preferred shares (1,750 shares), the Fund intends to redeem such shares by lot (as determined by The Depository Trust Company).

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SIGNATURE

Pursuant to the requirement of Rule 23c-2 under the Investment Company Act of 1940, the Fund has duly caused this Notice of Intention to Redeem Securities to be signed on its behalf by the undersigned on this 30th day of January, 2023.

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