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Stock impact report

SPXX: Set To Become Larger With DIAX And BXMX Merge [Seeking Alpha]

Nuveen S&P 500 Dynamic Overwrite Fund (SPXX) 
Company Research Source: Seeking Alpha
SPXX offers a flexible 35%-75% overwrite strategy, currently at 60% overwrite, and trades at an attractive -8.53% discount with a 7.63% yield. DIAX and BXMX investors will benefit from SPXX's narrower discount, superior long-term returns, and greater overwrite flexibility post-merger. If I were a shareholder, I would be voting to approve the merger, as SPXX's structure and strategy make it a compelling investment in today's market. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » MF3d/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Nuveen S&P 500 Dynamic Overwrite Fund ( SPXX ) is set to get larger after the management team from Nuveen proposed a merger into the fund. The More on my IG service At the CEF/ETF Income Laboratory , we manage closed-end fund ( CEF ) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income Show less Read more
Impact Snapshot
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