Business & Finance
Business and Finance
Business and Finance 
Wed, February 2, 2011
Tue, February 1, 2011
Nuveen Declares Quarterly Distributions for Former IQ Advisor Fund
CHICAGO--([ BUSINESS WIRE ])--Nuveen Investments, a leading global provider of investment services to institutions and high-net-worth investors, today announced the quarterly distribution for a closed-end fund formerly managed by IQ Advisors as that fund changes from paying distributions on a monthly basis to paying on a quarterly basis. Nuveen MLP & Strategic Equity Fund Inc. (NYSE: MTP) has declared a quarterly distribution in the amount of $.2370 per share.
The following dates apply to todaya™s distribution declaration:
Record Date | April 15, 2011 | ||||||
| Ex-Dividend Date | April 13, 2011 | ||||||
| Payable Date | May 16, 2011 | ||||||
| Quarterly Taxable Distribution Per Share | |||||||
| Change From | |||||||
Ticker | Fund Name | Amount | Previous Monthly Rate | ||||
| MTP | MLP & Strategic Equity Fund Inc. | .2370 | - | ||||
Subsequent quarterly distribution announcements for this fund will be made along with all of the Nuveen funds beginning July 1, 2011. As previously announced, Nuveen Fund Advisors, Inc. (Nuveen) has assumed the role of investment adviser for the two funds previously managed by IQ Advisors.
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, Nuveen Investments managed approximately $195 billion as of December 31, 2010. For more information, please visit the Nuveen Investments website at [ www.nuveen.com ].