This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Four IQ Advisor Funds Join Nuveen Family Of Closed-End Funds

Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced that Nuveen Asset Management (Nuveen) has assumed the role of investment adviser for four closed-end funds previously managed by IQ Investment Advisors LLC (IQ Advisors). Each fund’s shareholders approved this change on September 30, 2010 as previously announced by IQ Advisors. The four funds are:

· Dow 30 SM Premium & Dividend Income Fund Inc. (NYSE:DPD)

· Dow 30 SM Enhanced Premium & Income Fund Inc. (NYSE:DPO)

· Global Income & Currency Fund (NYSE:GCF)

· MLP & Strategic Equity Fund Inc. (NYSE:MTP)

Each fund’s portfolios will continue to be managed by the same investment teams. Nuveen affiliate Nuveen HydePark Group, LLC (HydePark) will continue as sub-adviser to DPO and DPD, Fiduciary Asset Management, LLC (FAMCO) will continue as sub-adviser to MTP, and Nuveen will continue to manage GCF’s portfolio .

“We are pleased to welcome IQ shareholders to the Nuveen closed-end fund family where we believe they will benefit from the significant resources we have dedicated to managing closed-end funds and providing specialized service to closed-end fund investors,” said Bill Adams, Executive Vice President, Nuveen Investments. “We have worked closely with IQ Advisors and the IQ fund board to ensure a smooth transition that provides continuity in the investment process and shareholder service.”

Additionally, three of the funds declared regular monthly distributions which are listed in the table below:

The following dates apply to today’s distribution declarations:

Record Date   October 22, 2010
Ex-Dividend Date October 20, 2010
Payable Date October 29, 2010
   

Ticker

Fund Name

Per Share Amount

DPD

Dow 30 SM Premium & Dividend Income Fund Inc.

.1030
DPO Dow 30 SM Enhanced Premium and Income Fund Inc. .0850
MTP MLP & Strategic Equity Fund Inc. .0700

Nuveen Investments provides high quality investment services designed to help secure the long-term goals of institutions and high net worth investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets its growing range of specialized investment solutions under the high-quality brands of NWQ, Nuveen, Santa Barbara, Symphony, Tradewinds, Winslow Capital and Nuveen HydePark. In total, the Company managed more than $160 billion as of September 30, 2010. For more information, please visit the Nuveen Investments website at www.nuveen.com.



1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,946.95 -136.85 -0.80%
S&P 500 1,978.16 -9.82 -0.49%
NASDAQ 4,448.58 -23.5280 -0.53%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs