Nuveen Covered Call Closed-End Funds Announce Proposed Mergers and Shareholder Meeting Update
Nuveen S&P 500 Buy-Write Income Fund Common Shares of Beneficial Interest (BXMX)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=bxmx
Company Research
Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The Boards of Trustees of Nuveen S&P 500 Buy-Write Income Fund (NYSE: BXMX), 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 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.The proposed mergers for the funds are subject to certain conditions, including necessary approval by the funds’ 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’ Board will be contained in proxy materials expected to be filed in the coming weeks.To be considered fo
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