Proxy Statement Pursuant to Section 14(a) of the
Securities Exchange Act of 1934
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MLP & STRATEGIC EQUITY FUND INC.
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if other than the Registrant)
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MLP & STRATEGIC EQUITY FUND INC.
January 29, 2009
I am writing to you directly because we need your vote on an urgent matter affecting the governance of MLP & STRATEGIC EQUITY FUND INC. (the Fund). Recently, you were sent proxy materials regarding the Special Meeting of Stockholders (the Meeting) of the Fund to be held on December 19, 2008, initially adjourned to January 23, 2009 and subsequently adjourned to March 6, 2009.
Why were the meetings adjourned?
The meetings have been adjourned because there was not a sufficient number of stockholders represented to constitute a quorum. To date, over 90% of the votes we received have been voted in favor of approving a new investment advisory and management agreement between your Fund and IQ Investment Advisors LLC (IQ Advisors), your Funds investment adviser, and a new investment subadvisory agreement between IQ Advisors and BlackRock Investment Management, LLC, your Funds subadviser.
As more fully explained in the proxy statement, management believes that the approval of these proposals will prevent any potential disruption in IQ Advisors and the subadvisers ability to continue to provide investment advisory services to the Fund.
The Funds Board of Directors has approved the new agreements and concluded that the new agreements are in the best interests of the stockholders of the Fund.
Why are we writing to you?
Our records indicate that we have not received your vote. We urge you to vote as soon as possible in order to allow the Fund to obtain a sufficient number of votes to hold the Meeting scheduled for March 6, 2009.
You can vote quickly and easily using one of the following methods:
Speak to a live Proxy Specialist by calling 1-866-586-0633. We can answer any of your questions and record your vote. (Open: M-F 9:30am 9pm, Sat 10am 6pm ET)
Use our automated touchtone system by calling the phone number on your proxy card, entering your control number located on the card, and following the touchtone prompts.
Log on to the website noted on your proxy card, enter your control number located on the card, and vote by following the on-screen prompts.
Mail in your signed proxy card in the envelope provided.
Please take a minute to cast your vote.
Thank you for your attention to this important matter.
Colleen R. Rusch
Secretary of the Fund