Four IQ Advisor Funds Join Nuveen Family of Closed-End Funds
08 Octubre 2010 - 4:03PM
Business Wire
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 30SM Premium & Dividend Income Fund Inc.
(NYSE:DPD)
· Dow 30SM 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.
Global Income & Currency Fund Inc. (NYSE:GCF)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Global Income & Currency Fund Inc. (NYSE:GCF)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024