Profile: Dow 30SM Enhanced Premium & Income Fund Inc (DPO)
14 Mar 2014
Dow 30 Enhanced Premium & Income Fund Inc. (the Fund) is a closed-end diversified management investment company. The Fund’s investment objectives are to provide a high level of dividend income and capital appreciation. The Fund seeks to purchase all of the 30 common stocks included in the Dow Jones Industrial Average (DJIA Index), weighted in approximately the same proportions as in the DJIA Index (the Dow Stocks). The Fund will also purchase other securities or financial instruments, primarily swap contracts, designed to provide additional investment exposure (leverage) to the return of its Dow Stocks ((the Additional Dow Exposure). The Fund also will engage in certain option strategies primarily consisting of writing (selling) covered call options on some or all of the Dow Stocks. At least 80% of the value of the Fund’s net assets (including the proceeds of any borrowings for investment purposes) will be invested in the Dow Stocks or in securities or other investments that have economic characteristics similar to the DJIA Index.
The Fund generally will write (sell) options in the over-the-counter (OTC) markets and will write options that are listed on exchanges, such as the Chicago Board Options Exchange, Inc. The DJIA Index is an unmanaged price weighted index of common stocks selected by the editors of The Wall Street Journal as representative of United States industry in general. The DJIA Index consists of companies that are highly capitalized in their respective industries. IQ Investment Advisors LLC, an indirect subsidiary of Merrill Lynch, serves as the investment advisor of the Fund. The Fund’s sub-advisor is Nuveen Asset Management. IQ Investment Advisors LLC has entered into an administration agreement with Princeton Administrators, LLC.
Dow 30SM Enhanced Premium & Income Fund Inc
333 West Wacker Drive
CHICAGO IL 60606