MLP & Strategic Equity Fund Inc. (the Fund) is a closed-end management investment company. The Fund's investment objective is to provide a high level of after-tax total return. The Fund pursues its investment objective by investing substantially all of its net assets in publicly traded master limited partnerships (MLPs) operating in the energy infrastructure sector of the market. The Fund may purchase both domestic and international MLPs. The Fund's investment in MLPs may include ownership of MLP common units and MLP subordinated units. The Company invests in industries include oil and gas storage, oil gas explore, coal-consumfuel, gas utilities and oil gas refine. The Fund also may purchase MLP I-Shares (together with the MLPs, the MLP Entities). Nuveen Fund Advisors, Inc. is the Fund’s advisor. On August 27, 2012, the Company merged with Nuveen Energy MLP Total Return Fund.