defa14a
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant þ
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Preliminary Proxy Statement. |
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Confidential, for Use of the Commission Only (as permitted by
Rule 14a-6(e)(2)). |
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Definitive Proxy Statement. |
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Definitive Additional Materials. |
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Soliciting Material Pursuant to §240.14a-11(c) or §240.14a-12 |
Nuveen Multi-Strategy Income and Growth Fund 2 (JQC)
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. |
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Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2)
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FOR IMMEDIATE RELEASE |
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ATTENTION: BUSINESS/FINANCIAL EDITORS
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![(NUVEEN LOGO)](c65958bc6595801.gif) |
MEDIA CONTACT:
KRISTYNA SUJATA
(312) 917-8343
KRISTYNA.SUJATA@NUVEEN.COM
Nuveen Multi-Strategy Income and Growth Fund 2 Announces Approval to Reposition Portfolio and
Change Fund Name
New Focus Seeks to Broaden Fund Appeal and Narrow Trading Discount
CHICAGO, August 22, 2011 Nuveen Investments, a leading global provider of investment
services to institutions as well as high-net-worth and affluent investors, today announced that the
Board of Trustees of the Nuveen Multi-Strategy Income and Growth Fund 2 (NYSE: JQC) approved
repositioning the funds current portfolio and adopting a single-strategy, debt-oriented
approach. JQCs investment objective of high current income with a secondary objective of
total return will remain unchanged. The Board also approved changing the funds name to Nuveen
Credit Strategies Income Fund once the repositioning is completed.
The goal of the proposed repositioning is to increase the attractiveness of the funds common
shares and narrow the funds trading discount by:
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Simplifying the fund to focus on one of its current core portfolio strategies; |
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Positioning the fund in a closed-end fund category that is well understood and has
historically seen more consistent secondary market demand; and |
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Differentiating the fund from similar funds, including other Nuveen closed-end funds in
the same fund category. |
In approving the proposed repositioning plan, the Board considered a broad range of alternatives
for improving the level at which the funds common shares trade relative to net asset value. These
alternatives included expanded share repurchases, tender offers, fund restructuring, mergers, fund
reorganization, conversion to open-end format and liquidation. The Board concluded that the
proposed portfolio repositioning represents the most attractive alternative for enhancing investor
appeal and therefore was in the best interests of the fund and its shareholders.
The fund will hold a special shareholder meeting later this year to seek approval for certain
aspects of the repositioning that require shareholder approval. More details on the repositioning
can be found in the JQC Portfolio Repositioning Overview and additional information will be
available in the proxy materials expected to be filed in the coming weeks.
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NWQ
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NUVEEN
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Santa Barbara
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S Y M P H O N Y
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Tradewinds
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Winslow Capital |
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ASSET MANAGEMENT |
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from NUVEEN INVESTMENTS
Nuveen Investments provides high quality investment services designed to help secure the long-term
goals of institutions, high net worth and affluent 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 NWQ, Nuveen Asset Management, Santa Barbara, Symphony, Tradewinds and
Winslow Capital. In total, Nuveen Investments had $212 billion of assets under management as of
June 30, 2011 across equity, fixed income and specialized strategies. For more information, please
visit the Nuveen Investments website at www.nuveen.com.
###
FORWARD LOOKING STATEMENTS
Certain statements made herein 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:
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market developments; |
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legal and regulatory developments; and |
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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 SECs web site at www.sec.gov
and on Nuveen`s web site at www.nuveen.com/cef 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 document.
Nothing contained herein shall constitute an offer for sale of any securities. A Proxy Statement
relating to the proposed restructuring will be filed with the SEC in the coming weeks and will
contain important information relating to the restructuring. Shareholders are urged to read the
Proxy Statement carefully. After they are filed, free copies of the Proxy Statement will be
available on the SECs web site at www.sec.gov.
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NWQ
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NUVEEN
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Santa Barbara
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S Y M P H O N Y
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Tradewinds
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Winslow Capital |
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ASSET MANAGEMENT |
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