Nuveen's plan to merge two MLP funds awaits shareholder approval

By Toni Weeks

San Diego, March 5 - The board of trustees of Nuveen's closed-end funds has approved a proposal to reorganize the MLP & Strategic Equity Fund Inc. into the Nuveen Energy MLP Total Return Fund, according to a press release by Nuveen Investments.

The merger is subject to shareholder approval at the funds' regular shareholder meeting later this year.

The funds' investment manager is St. Louis-based Famco, or Fiduciary Asset Management, Inc.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.