Reorganization Of Nuveen Equity CEFs: Good Or Bad For Shareholders?
- Nuveen has opened the vote on reorganization of several of its domestic equity, option-income, closed-end funds.
- Four new funds will emerge post-reorganization. Three will follow a "dynamic" options strategy. One will use a "complete" options strategy with total coverage of the portfolio by options.
- The new funds will be pegged to the major US market indexes: S&P 500, Dow Jones 30, and the Nasdaq 100. I focus here on the latter.