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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.
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