Nuveen Core Equity Alpha Fund (the Fund) is a closed-end management investment company. The investment objective of the fund is to provide an attractive level of total return, primarily through long term capital appreciation and secondarily through income and gains. The Fund will invest in a portfolio of common stocks selected from among the 500 stocks comprising the S&P 500 Index, using a mathematical process designed by INTECH Investment Management, LLC. The Fund's equity portfolio will hold 150-450 stocks included in the S&P 500 Index. The Fund expects to write (sell) call options on a custom basket of equities with a notional value of up to 50% of the value of the equity portfolio. The Funds' investment adviser is Nuveen Fund Advisors, Inc. Its sub-adviser is INTECH Investment Management, LLC.