Item 8.01. Other Events.
On December 1, 2020, the Board of Trustees of Nuveen Diversified Dividend and
Income Fund (NYSE: JDD), a registered closed-end management investment company
(the "Fund"), announced the approval of a new sub-advisory agreement between
Nuveen Fund Advisors, LLC ("Nuveen Fund Advisors"), the Fund's investment
adviser, and Nuveen Asset Management, LLC ("NAM"). The new sub-advisory
agreement was approved in connection with the forthcoming merger of the Fund's
current sub-adviser, Symphony Asset Management LLC ("Symphony"), with and into
NAM, which is currently scheduled to close on December 31, 2020. Symphony and
NAM are both affiliates of Nuveen Fund Advisors and all are subsidiaries of
Nuveen, LLC. The new sub-advisory agreement will become effective upon the close
of the merger.
The terms of the new sub-advisory agreement with NAM are substantially identical
to the current sub-advisory agreement with Symphony. NAM will provide the same
level of services to the Fund, with the Symphony personnel who currently serve
as portfolio managers of the Fund continuing to do so as NAM personnel. In
addition, this change will not impact the Fund's fees, investment objectives or
policies.
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