SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

 

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¨ Definitive Proxy Statement.

 

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¨ Soliciting Material Pursuant to Sec. 240.14a-12.

 

MLP & STRATEGIC EQUITY FUND INC.

S&P 500 ® GEARED SM 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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LOGO

Press Release

(For Immediate Release)

 

S&P 500 ® GEARED SM Fund Inc.

MLP & Strategic Equity Fund Inc.

(each, a “Fund” and together, the “Funds”)

 

IQ Investment Advisors LLC Announces

Adjournment of Special Stockholder Meeting of the Funds

 

NEW YORK, January 23, 2009 – IQ Investment Advisors LLC (“IQ Advisors”) announced that the special meeting of stockholders (the “Meeting”) of each of the Funds scheduled for Friday, January 23, 2009 at 9:00 am (Eastern time) has been adjourned to permit further solicitation of votes by proxy in order to achieve a quorum.

The adjourned Meeting will be held on Friday, March 6, 2009 at 9:00 am (Eastern time) at the offices of the Funds, 800 Scudders Mill Road, Plainsboro, NJ 08536. The proposals to be considered at the Meeting are to approve a new investment advisory and management agreement and a new investment subadvisory agreement for each of the Funds.

IQ Advisors serves as each Fund’s investment adviser. The shares of each Fund are quoted on the New York Stock Exchange. For stockholder related questions, please contact IQ Advisors at (877) 449-4742. You may also visit www.IQIAFunds.com for more information about IQ Advisors and its products and services.

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