Nuveen Multi-Strategy, Inc.& Growth Fd 2 (AMEX:JQC)

pre92lude (< 20) Submitted: 3/9/2010 8:03:18 PM : Start Price: $6.84 JQC Score: +2.55

discount to NAV, OK dividend.

danviti44 (< 20) Submitted: 7/11/2009 11:33:11 PM : Start Price: $4.22 JQC Score: +40.72

Strong dividend and undervalued preferreds will support a higher price.

flats66 (< 20) Submitted: 4/19/2009 7:47:48 PM : Start Price: $3.25 JQC Score: +92.15

well maintained good dividend

NevadaBuilder (92.69) Submitted: 11/25/2008 1:54:11 AM : Start Price: $2.57 JQC Score: +158.40

hi div

matthewfastred (< 20) Submitted: 8/21/2008 3:44:43 AM : Start Price: $5.90 JQC Score: +29.25

"The Fund invests in various industries, including commerce banks, insurance, real estate/mortgage, media, diversified financial services, metals and mining, diversified telecommunication services, electric utilities, and healthcare providers and services."

Very versitle investments, with the drop of late due to credit-crunch issues and general market fear. Going back on the charts, this is a well maintained fund with a solid dividend at a good price.

This fund will claw its way back up as the market finds balance.

sledr (< 20) Submitted: 6/18/2008 8:19:47 PM : Start Price: $7.22 JQC Score: +12.43

11% dividend and maintained its value reasonably well. That is the main reason to own, a nice dividend play at a cheap price. "When" the financial crisis is over, the NAV will go up considerably. Much of its holdings are preferred stock, with high dividends.

The Street.com has recommended this closed end fund over the past year. It is starting to approve redemption of auction-rate preferred shares and getting refinancing to lower costs of leverage. Barrons recommends buying closed end funds at these discounted prices.

The following was announced on May 22, 2008:
Nuveen Multi-Strategy Income and Growth Fund 2 (NYSE:JQC - News) today announced that it has called for redemption at par outstanding shares of its auction-rate preferred shares (ARPS). The fund’s Board of Trustees has approved the redemption, which is part of a refinancing expected to lower the relative costs of leverage for the fund over time while also providing liquidity at par for the holders of at least some of Nuveen Multi-Strategy Income and Growth Fund 2’s ARPS.

JQC is redeeming $240 million of its $565 million currently outstanding ARPS. As previously announced, this represents the second of two planned stages approximately a month apart which together total $640 million.

rccache (31.73) Submitted: 12/8/2006 12:42:27 PM : Start Price: $8.78 JQC Score: -7.32

Dividend & Management