BXMX Research | Milton Maxwell

BXMX

Nuveen S&P 500 Buy-Write Income Fund

14.14

-0.04-0.28%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

No earnings call transcript available

Key Stats

Market Cap

1.47B

P/E (TTM)

11.31

Basic EPS (TTM)

1.25

Dividend Yield

0.07%

Recent Filings

8-K

Removes control share provisions

3/6/24Mar 6, 2024

Nuveen S&P 500 Buy-Write Income Fund eliminated its suspended 'control share' provisions via Amended and Restated By-Laws adopted February 28, 2024. Previously suspended since February 24, 2022, these changes simplify governance without altering other terms. Board acted decisively. No financial impacts disclosed.

8-K

Board consolidates for efficiencies.

10/13/23Oct 13, 2023

Nuveen S&P 500 Buy-Write Income Fund announced board consolidation across its fund complex on October 13, 2023, shrinking to 10 members effective January 1, 2024. Thomas J. Kenny and Loren M. Starr join as independent trustees from TC Funds boards; Jack B. Evans and William C. Hunter retire December 31. Consolidation targets cost savings, vendor leverage, and unified growth. Board taps two more as consultants.

8-K

Suspends control share by-law

2/25/22Feb 25, 2022

Nuveen S&P 500 Buy-Write Income Fund suspended its control share by-law on February 24, 2022, complying with a U.S. District Court ruling that struck it down as violating the 1940 Act. The board amended by-laws to pause the provision—designed to block hedge fund takeovers—pending appeal. Funds fight activist threats. Saba won summary judgment February 18.

8-K

By-laws amended, activism curbed

10/6/20Oct 6, 2020

Nuveen S&P 500 Buy-Write Income Fund (BXMX) amended its by-laws on October 5, 2020, alongside dozens of sister funds. Changes tighten advance notice deadlines for 2021 shareholder proposals—BXMX notices due December 5 to 20—and add control share provisions curbing voting by acquirers hitting 10%+ thresholds without approval. Boards shield long-term holders from short-term activists. Procedural hurdles now apply.

About

Nuveen S&P 500 Buy-Write Income Fund is a closed-ended equity indexed mutual fund launched by Nuveen Investments, Inc. It is co-managed by Nuveen Fund Advisors LLC and Gateway Investment Advisers, LLC. The fund invests in the public equity markets of the United States. It seeks to invest in stocks of companies operating across diversified sectors. The fund also invests through index call options. It seeks to replicate the performance of the S&P 500 Index by investing in proportion to their weighting in the index. The fund was formerly known as Nuveen Equity Premium Income Fund. Nuveen S&P 500 Buy-Write Income Fund was formed on July 23, 2004 and domiciled in the United States.

CEO

Mr. Michael Thomas Buckius C.F.A.

IPO

10/27/2004

Website

https://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=BXMX

Sector

Financial Services

Industry

Asset Management