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Nuveen Fund Board Approves Fund Mergers

Nuveen Investments, a leading global provider of investment services to institutions, high-net-worth and affluent investors, today announced the Board of Trustees of Nuveen’s closed-end funds approved a proposal to merge Nuveen’s two MLP closed-end funds. The merger is subject to customary conditions, including shareholder approval at the funds’ regular shareholder meeting later this year.

More information on the proposed merger will be contained in the proxy materials expected to be filed in the coming weeks. The proposed fund merger is:

                               
Acquired Fund         Symbol         Acquiring Fund         Symbol
MLP & Strategic Equity Fund Inc.         MTP         Nuveen Energy MLP Total Return Fund         JMF

An overview and frequently asked questions regarding the merger proposal can be found by clicking here.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, Symphony Asset Management, NWQ Investment Management Company, Santa Barbara Asset Management, Tradewinds Global Investors, Winslow Capital Management, and Gresham Investment Management. In total, Nuveen Investments managed $220 billion as of December 31, 2011. For more information, please visit the Nuveen Investments website at www.nuveen.com.

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