Nuveen Covered Call Closed-End Funds Announce Shareholder Approval of Proposed Mergers
Shareholders of Nuveen S&P 500 Buy-Write Income Fund Nuveen Dow 30℠ Dynamic Overwrite Fund (NYSE: DIAX), and Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) have approved a proposal to merge the funds. The mergers will combine each of BXMX and DIAX into SPXX. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on March 30, 2026.
Each fund has declared a regular quarterly distribution payable April 1, 2026, with a record date of March 13, 2026. The funds may declare additional distributions prior to the mergers. Information about such distributions, if any, will be provided in a subsequent announcement.
Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion in assets under management across 44 CEFs as of 31 Dec 2025. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs.
About Nuveen
Nuveen is a global investment leader, managing $1.4T in public and private assets for clients around the world, as of 31 Dec 2025. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors — all to pursue lasting performance for our clients, our communities, and our global economy.
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