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Friday, December 19, 2014

Equity Trader Alert #2014 - 128
Restructuring of Nuveen Investments' Nasdaq Premium Income and Growth Fund Inc. (QQQX)

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  • Industry Announcement

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Nuveen Investments has announced a restructuring affecting the NASDAQ Premium Income & Growth Fund Inc. (QQQX), which will be effective December 22, 2014. 

Equity Premium Advantage Fund (JLA), listed on the NYSE, will combine with NASDAQ Premium Income & Growth Fund Inc. (QQQX). The combined fund will be named Nuveen Nasdaq 100 Dynamic Overwrite Fund and is expected to begin trading on Nasdaq on December 22, 2014 with a new CUSIP but the same ticker.

Shareholders of the NASDAQ Premium Income & Growth Fund Inc. will be issued shares of the Nuveen Nasdaq 100 Dynamic Overwrite Fund with the same aggregate net asset value held immediately prior to the restructuring.

NASDAQ Premium Income and Growth Fund Inc. (QQQX) is expected to be suspended after the close on December 19, 2014.

Company/ Parent: NASDAQ Premium Income and Growth Fund Inc.
Issue: Common Stock
CUSIP: 63110R105
Symbol: QQQX
Record Date: December 19, 2014

Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) is expected to begin trading on December 22, 2014.

Company/Parent: Nuveen Nasdaq 100 Dynamic Overwrite Fund
Issue: Common Stock
CUSIP: 670699107
Symbol: QQQX
Anticipated First Trade Date: December 22, 2014

For information on this announcement, contact Nasdaq Corporate Data Operations at +1 877 908 0523.

If you would like to register as a market maker in QQQX, contact Nasdaq Trading Operations at +1 212 231 5100.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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