| MLP & Strategic Equity Fund Inc. is a diversified, closed-end management investment company. The Fund's investment objective is to provide a high-level of after-tax total return by investing substantially all of its net assets in a portfolio of publicly traded master limited partnerships (MLPs) operating in the energy infrastructure sector of the market. The Fund enters into variable prepaid forward contracts (Forward Contracts) with terms of approximately one year, to sell particular equity securities that the Fund purchases with the proceeds of the Forward Contracts. Prior to commencement of operations on June 29, 2007, the Fund had no operations. MLP Strategy Income Fund Inc.'s investment advisor is IQ Investment Advisors LLC, while Fiduciary Asset Management, LLC is its sub-advisor. |
