Nuveen Announces Merger Of Two MLP Closed-End Funds
Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced that
shareholders of the Nuveen Energy MLP Total Return Fund (JMF) and the
Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that shareholders of the Nuveen Energy MLP Total Return Fund (JMF) and the MLP & Strategic Equity Fund Inc. (MTP) approved a merger. The merger is intended to enhance the ability of the funds’ common shares to trade well in the secondary market and lower operating expenses by creating a larger, leveraged fund. In connection with the shareholder approval, the funds will be merged as follows:
MLP & Strategic Equity Fund Inc.
Nuveen Energy MLP Total Return Fund
Subject to the satisfaction of certain customary closing conditions, the reorganization is expected to close prior to the opening of the New York Stock Exchange on August 27, 2012. An overview and frequently asked questions regarding the merger 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 approximately $227 billion as of March 31, 2012. For more information, please visit the Nuveen Investments website at www.nuveen.com.