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IQ Advisor fund joins Nuveen family of closed-end funds

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Nuveen Asset Management has assumed the role of investment adviser for the Nasdaq Premium Income & Growth Fund previously managed by IQ Investment Advisors.

The fund’s shareholders approved this change on 22 October 2010.

This development completes the transition of five closed-end funds previously managed by IQ Advisors to Nuveen.

The four additional funds are: Dow 30 Premium & Dividend Income Fund; Dow 30 Enhanced Premium & Income Fund; Global Income & Currency Fund; and MLP & Strategic Equity Fund.

The Nasdaq Premium Income & Growth Fund will continue to be managed by the same investment teams with Nuveen affiliate Nuveen HydePark Group continuing as sub-adviser to the fund.

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