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 ShareAmount
DPD

Dow 30SM Premium & Dividend Income Fund Inc.
.1030
DPO Dow 30SM 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.

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX