{"id":888063,"date":"2025-09-19T16:40:50","date_gmt":"2025-09-19T20:40:50","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-covered-call-closed-end-funds-announce-proposed-mergers-and-shareholder-meeting-update\/"},"modified":"2025-09-19T16:40:50","modified_gmt":"2025-09-19T20:40:50","slug":"nuveen-covered-call-closed-end-funds-announce-proposed-mergers-and-shareholder-meeting-update","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-covered-call-closed-end-funds-announce-proposed-mergers-and-shareholder-meeting-update\/","title":{"rendered":"Nuveen Covered Call Closed-End Funds Announce Proposed Mergers and Shareholder Meeting Update"},"content":{"rendered":"

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Nuveen Covered Call Closed-End Funds Announce Proposed Mergers and Shareholder Meeting Update<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nThe Boards of Trustees of Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX), Nuveen Dow 30\u2120 Dynamic Overwrite Fund (NYSE: DIAX), and Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine BXMX and DIAX into SPXX. The mergers are intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.<\/p>\n

\nThe proposed mergers for the funds are subject to certain conditions, including necessary approval by the funds\u2019 shareholders. BXMX, DIAX, and SPXX will each hold their respective 2026 Annual Meetings of Shareholders to consider approval of the merger proposal and to elect Board Members on January 29, 2026. Detailed information on the proposed mergers and the candidates for election to each funds\u2019 Board will be contained in proxy materials expected to be filed in the coming weeks.<\/p>\n

\nTo be considered for presentation at the 2026 Annual Meeting of Shareholders for BXMX, DIAX, or SPXX, shareholder proposals submitted pursuant to Rule 14a-8 under the Securities Exchange Act of 1934 must be received at the offices of that fund, 333 West Wacker Drive, Chicago, Illinois 60606, no later than October 3, 2025. A shareholder wishing to provide notice in the manner prescribed by Rule 14a-4(c)(1) of a proposal submitted outside of the process of Rule 14a-8 for the funds\u2019 respective 2026 Annual Meetings of Shareholders must, pursuant to the funds\u2019 bylaws, submit such written notice to the fund no earlier than October 1, 2025 and no later than October 31, 2025. Timely submission of a proposal does not mean that such proposal will be included in a proxy statement.<\/p>\n

\nNuveen is a leading sponsor of closed-end funds (CEFs) with $52 billion in assets under management across 45 CEFs as of 30 Jun 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.<\/p>\n

About Nuveen<\/b><\/p>\n

\nNuveen, a global asset manager, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.3 trillion in assets under management as of 30 Jun 2025 and operations in 32 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com<\/a>. Nuveen Securities, LLC, member FINRA and SIPC.<\/p>\n

\nThe information contained on the Nuveen website is not a part of this press release.<\/p>\n

\nFORWARD-LOOKING STATEMENTS<\/p>\n

\nCertain statements made or referenced in this release may be forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:<\/p>\n