Nuveen Investments Announces Completion of MLP Closed-End Fund Merger
August 27 2012 - 9:03AM
Business Wire
Nuveen Investments, a leading global provider of investment
services to institutions as well as individual investors, today
announced that the merger of the Nuveen Energy MLP Total Return
Fund (JMF) and the MLP & Strategic Equity Fund Inc. (MTP) was
completed prior to the opening of business on August 27, 2012.
The closed-end funds have been merged as follows:
Acquired Fund Symbol Acquiring
Fund Symbol MLP & Strategic Equity Fund Inc.
MTP Nuveen Energy MLP Total Return Fund JMF
In the merger, JMF acquired substantially all of the assets and
liabilities of MTP in a tax-free transaction in exchange for an
equal aggregate value of newly-issued common shares. The exchange
took place based upon the funds closing net asset values on August
24, 2012. The exchange ratio at which common shares of the acquired
fund were exchanged for common shares of the acquiring fund is
listed below:
Fund Exchange Ratio MLP & Strategic Equity
Fund Inc. (MTP) 1.02955584
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 $212 billion as of June 30, 2012. For more
information, please visit the Nuveen Investments website at
www.nuveen.com.
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