Nuveen Dow 30 Dynamic Overwrite Fund : Closed-End Funds Declare Distributions and Multi-Asset Income Fund Announces Change from Quarterly to Monthly Regular Distributions - Ju

Published: 2025-06-02 16:33:07 ET DIAX

Published on 06/02/2025 at 16:33

Shareholders can expect regular distribution information to be posted on https://www.nuveen.com on the first business day of each month. To ensure that our shareholders have access to the latest information, timely distribution and fund updates can be subscribed to at https://www.nuveen.com/subscriptions, under the closed-end funds tab of the Product Documents section. You can also follow updates by navigating to the Closed-End Fund section of our Resource Center, located at https://www.nuveen.com/resource-center.

The Nuveen Multi-Asset Income Fund (NYSE: NMAI) today announced the Board of Trustees of the Fund has approved a change in the fund's regular distribution frequency from quarterly to monthly beginning with the distribution payable on July 1, 2025. The change to a monthly regular distribution is intended to broaden the appeal of the Fund to cash flow focused investors. The fund is changing its regular distribution amount from $0.4175 per quarter to a regular monthly distribution amount of

$0.1260, which reflects a roughly 9 percent reduction on a monthly equivalent basis. The fund's monthly

distribution amount per share is listed in the table below.

The funds listed in the tables below have adopted a policy to make regular monthly or quarterly cash distributions to holders of its common shares (stated in terms of a fixed cents per common share dividend distribution rate which may be set from time to time). Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly or quarterly distribution and to distribute realized capital gains at least annually. In addition, in any monthly or quarterly period, to maintain its declared per common share distribution amount, each Fund may distribute more or less than its net investment income during the period. In the event a Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. To the extent that a distribution includes a return of capital the NAV per share may erode. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of the distribution which may be viewed at https://www.nuveen.com/CEFdistributions. These estimates may not match the final tax

characterization (for the full year's distributions) contained in shareholders' 1099-DIV forms after the end of the year.

You should not draw any conclusions about the Fund's investment performance from the amount of the distribution. A distribution including return of capital does not necessarily reflect a Fund's investment performance and should not be confused with "yield" or "income."

The following dates apply to today's distribution declarations for the following closed-end funds:

Monthly Distribution Per

Ticker

Exchange

Fund Name Amount Previous

National Municipal

NXP

NYSE

Nuveen Select Tax-Free Income Portfolio

$0.0520

NUV

NYSE

Nuveen Municipal Value Fund, Inc.

$0.0325

NUW

NYSE

Nuveen AMT-Free Municipal Value Fund

$0.0485

NMI

NYSE

Nuveen Municipal Income Fund, Inc.

$0.0380

NIM

NYSE

Nuveen Select Maturities Municipal Fund

$0.0275

NZF

NYSE

Nuveen Municipal Credit Income Fund

$0.0795

NMZ

NYSE

Nuveen Municipal High Income Opportunity Fund

$0.0655

NAD

NYSE

Nuveen Quality Municipal Income Fund

$0.0755

NEA

NYSE

Nuveen AMT-Free Quality Municipal Income Fund

$0.0730

NVG

NYSE

Nuveen AMT-Free Municipal Credit Income Fund

$0.0790

NMCO

NYSE

Nuveen Municipal Credit Opportunities Fund

$0.0685

NDMO

NYSE

Nuveen Dynamic Municipal Opportunities Fund

$0.0620

California Municipal

NAC

NYSE

Nuveen California Quality Municipal Income Fund

$0.0735

NKX

NYSE

Nuveen California AMT-Free Quality Municipal Income Fund

$0.0760

NCA

NYSE

Nuveen California Municipal Value Fund

$0.0290

NXC

NYSE

Nuveen California Select Tax-Free Income Portfolio

$0.0455

New York Municipal

NRK

NYSE

Nuveen New York AMT-Free Quality Municipal Income Fund

$0.0690

NAN

NYSE

Nuveen New York Quality Municipal Income Fund

$0.0720

NXN

NYSE

Nuveen New York Select Tax-Free Income Portfolio

$0.0420

NNY

NYSE

Nuveen New York Municipal Value Fund

$0.0295

Other State Municipal Funds

NAZ

NYSE

Nuveen Arizona Quality Municipal Income Fund

$0.0725

NMT

NYSE

Nuveen Massachusetts Quality Municipal Income Fund

$0.0710

NMS

NYSE

Nuveen Minnesota Quality Municipal Income Fund

$0.0735

NOM

NYSE

Nuveen Missouri Quality Municipal Income Fund

$0.0675

NXJ

NYSE

Nuveen New Jersey Quality Municipal Income Fund

$0.0785

NQP

NYSE

Nuveen Pennsylvania Quality Municipal Income Fund

$0.0780

NPV

NYSE

Nuveen Virginia Quality Municipal Income Fund

$0.0720

Preferred and Income Securities

JPC

NYSE

Nuveen Preferred & Income Opportunities Fund

$0.0665

JPI

NYSE

Nuveen Preferred and Income Term Fund

$0.1660

NPFD

NYSE

Nuveen Variable Rate Preferred & Income Fund

$0.1675

Taxable Municipals

NBB

NYSE

Nuveen Taxable Municipal Income Fund

$0.0965

Floating Rate

JFR

NYSE

Nuveen Floating Rate Income Fund

$0.0850

JQC

NYSE

Nuveen Credit Strategies Income Fund

$0.0540

Change from

JMM

NYSE

Mortgage-Backed Securities

Nuveen Multi-Market Income Fund

$0.0290

JLS

NYSE

Nuveen Mortgage and Income Fund

$0.1535

JGH

NYSE

Global High Yield Debt

Nuveen Global High Income Fund

$0.1035

JRI*

NYSE

Real Assets

Nuveen Real Asset Income and Growth Fund

$0.1335

NPCT

NYSE

Taxable Fixed Income-Multi-Sector

Nuveen Core Plus Impact Fund

$0.1075

-$0.0115

Multi-Asset

NMAI*

NYSE

Nuveen Multi-Asset Income Fund

$0.1260

-$0.013167**

*The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment

Company Act of 1940, as amended (the "1940 Act").

**Regular distribution frequency changed from quarterly to monthly. Amount reflects the change in per share amount over the prior distribution on a monthly equivalent basis.

The fund's listed in the tables below have adopted a "managed distribution" policy. The goal of each fund's managed distribution policy is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions.

Distribution sources may include net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at https://www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders' 1099-DIV forms after the end of the year.

Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund's total distributions paid to its total return. Investors should not draw any conclusions about a fund's past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy.

Actual returns likely will differ from projected long-term returns, (and therefore a fund's distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund's net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions.

A return of capital is a non-taxable distribution of a portion of the fund's capital. When a fund's returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund's returns fall short of distributions, it will represent a portion of the investors' original principal unless the shortfall is offset during other time periods over the life of the investment (previous or subsequent) when the fund's total return exceeds distributions.

For additional information about managed distributions, please see Understanding Managed Distributions.

The following dates apply to today's declarations:

Quarterly Distribution Per

Change From Previous

Ticker Exchange Fund Name Amount Quarter Domestic Equity

JCE*

NYSE

Nuveen Core Equity Alpha Fund

$0.3200

Covered Call

DIAX*

NYSE

Nuveen Dow 30SM Dynamic Overwrite Fund

$0.3010

BXMX*

NYSE

Nuveen S&P 500 Buy-Write Income Fund

$0.2725

QQQX*

NASDAQ

Nuveen NASDAQ 100 Dynamic Overwrite Fund

$0.5600

SPXX*

NYSE

Nuveen S&P 500 Dynamic Overwrite Fund

$0.3375

Real Assets

JRS*

NYSE

Nuveen Real Estate Income Fund

$0.1700

*The funds indicated above are currently relying on exemptive relief from Section 19(b) of the Investment

Company Act of 1940, as amended (the "1940 Act").

Information regarding each fund's last 19(a) Distribution Notice (as of February 28, 2025) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates.

Data as of 2/28/2025

Current Quarter Fiscal YTD Estimated Percentages

Per Share Distribution

Estimated Sources of Distribution

Per Share Distribution

Estimated Sources of Distribution

of Distribution 1

NII

Gains

Return of

Capital

NII

Gains

Return of

Capital

NII

Gains

Return of

Capital

.1700

0.0000

0.1700

0.0000

0.1700

0.0%

100.0%

.5600

0.0000

0.0171

0.2070

0.3359

0.5600

0.0000

0.0171

0.2070

0.3359

0.0%

3.1%

37.0%

60.0%

.3375

0.0000

0.0192

0.0680

0.2503

0.3375

0.0000

0.0192

0.0680

0.2503

0.0%

5.7%

20.1%

74.2%

.2725

0.0080

0.0000

0.0135

0.2510

0.2725

0.0080

0.0000

0.0135

0.2510

2.9%

0.0%

5.0%

92.1%

.3010

0.0287

0.2191

0.0532

0.0000

0.3010

0.0287

0.2191

0.0532

0.0000

9.5%

72.8%

17.7%

0.0%

.3200

0.0000

0.3200

0.0000

0.3200

0.0000

0.3200

0.0000

0.0%

100.0%

0.0%

JRS (FYE 12/31) QQQX (FYE 12/31) SPXX (FYE 12/31) BXMX (FYE 12/31) DIAX (FYE 12/31) JCE (FYE 12/31)

1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year.

The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions.

Annualized

Cumulative

Inception Date

Quarterly Distribution

Fiscal YTD

Distribution

NAV

5-Year Return on NAV

Fiscal YTD

Distribution Rate on NAV1

Fiscal YTD Return on NAV

Fiscal YTD

Distribution Rate on NAV1

Nov-2001

.1700

9.36

5.91%

7.26%

3.54%

1.82%

Jan-2007

.5600

28.78

12.82%

7.78%

-2.14%

1.95%

Nov-2005

.3375

18.69

12.28%

7.22%

1.36%

1.81%

Oct-2004

.2725

15.43

11.27%

7.06%

1.65%

1.77%

Apr-2005

.3010

17.31

8.60%

6.96%

3.47%

1.74%

Mar-2007

.3200

15.74

14.35%

8.13%

1.68%

2.03%

Data as of 2/28/2025

JRS (FYE 12/31) QQQX (FYE 12/31) SPXX (FYE 12/31) BXMX (FYE 12/31) DIAX (FYE 12/31) JCE (FYE 12/31)

1As a percentage of 2/28/2025 NAV.

Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 45 CEFs as of 31 March 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.

For more information, please visit Nuveen's CEF homepage https://www.nuveen.com/closed-end-funds or contact:

Financial Professionals:

800-752-8700

Investors:

800-257-8787

Media:

[email protected]

Disclaimer

Nuveen Dow 30SM Dynamic Overwrite Fund published this content on June 02, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 02, 2025 at 20:32 UTC.