Fund Description: Nuveen S&P 500 Buy-Write Income Fund, formerly Nuveen Equity Premium Income Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen S&P 500 Buy-Write Income Fund seeks attractive total return with less volatility than the S&P 500 Index. FUND STATEGY: The Fund intends to pursue its investment objective by utilizing an integrated equity index option strategy. Under normal market circumstances, the Fund will invest its managed assets in a diversified equity portfolio that seeks to substantially replicate price movements of the Standard & Poor's 500 Stock Index and is designed to support the Fund's index option strategy. The Fund intends to pursue its investment objective by utilizing an index option strategy of selling index call options and buying index put options, each on the Standard & Poor's 500 Stock Index. The Fund's index option strategy will consist of selling index call options to generate current income from premiums and purchasing index put options to protect the Fund from a significant market decline over a short period of time. The Fund will sell index call options on a continuous basis on substantially the full value of the equity portfolio. The Fund will purchase index put options in most market environments on substantially the full value of the equity portfolio. FUND MANAGEMENT: Nuveen Asset Management serves as the investment adviser to the Fund.