Nuveen Growth and Income Funds Offer Very High Yields

Falling share prices have driven up the yields of two Nuveen Investments closed-end funds. Nuveen Multi-Strategy Income and Growth Fund (JPC) and Nuveen Multi-Strategy Income and Growth Fund 2 (JQC) have yields at 11 percent.

Both funds are down around 23 percent from their March 2007 all-time highs.

Both funds derive their quarterly cash distributions from hundreds of dividend paying common stocks, preferred securities, convertible preferred securities, variable rate senior loan interests, corporate bonds, convertible bonds and capital preferred securities.

When the broad stock market returns to the upside, the share price of JPC and JQC will follow.

I (RAH) own Nuveen Multi-Strategy Income and Growth Fund.

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Nuveen Offers a Variety of Closed-End Income Funds
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Posted March 27, 2008.