Nuveen Fund Board Approves Fund Mergers
March 05 2012 - 4:07PM
Business Wire
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.
FORWARD LOOKING STATEMENTS
Certain statements made in this release are forward-looking
statements. Actual future results or occurrences may differ
significantly from those anticipated in any forward-looking
statements due to numerous factors. These include, but are not
limited to:
- market developments;
- legal and regulatory developments; and
- other additional risks and uncertainties.
Nuveen and the closed-end funds managed by Nuveen and its
affiliates undertake no responsibility to update publicly or revise
any forward-looking statements.
The Annual and Semi-Annual Reports and other regulatory filings
of the Nuveen closed-end funds with the Securities and Exchange
Commission ("SEC") are accessible on the SEC's web site at
www.sec.gov and on Nuveen`s web site at www.nuveen.com and may
discuss the above-mentioned or other factors that affect the Nuveen
closed-end funds. The information contained on our web site is not
a part of this press release.
Nothing contained in this press release shall constitute an
offer for sale of any securities. A joint Proxy
Statement/Prospectus relating to each proposed reorganization will
be filed with the SEC in the coming weeks and will contain
important information relating the reorganization. Shareholders are
urged to read each such joint Proxy Statement/Prospectus carefully.
After they are filed, free copies of the Proxy
Statement/Prospectuses will be available on the SEC's web site at
www.sec.gov.
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