Definitive Additional Materials

SCHEDULE 14A

Proxy Statement Pursuant to Section 14(a) of the

Securities Exchange Act of 1934

 

Filed by the Registrant x                            Filed by a Party other than the Registrant ¨

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¨ Preliminary Proxy Statement.

 

¨ Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)).

 

¨ Definitive Proxy Statement.

 

x Definitive Additional Materials.

 

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

 

 

DEFINED STRATEGY FUND INC.

DOW 30SM ENHANCED PREMIUM & INCOME FUND INC.

DOW 30SM PREMIUM & DIVIDEND INCOME FUND INC.

ENHANCED S&P 500® COVERED CALL FUND INC.

GLOBAL INCOME & CURRENCY FUND INC.

MLP & STRATEGIC EQUITY FUND INC.

NASDAQ PREMIUM INCOME & GROWTH FUND INC.

S&P 500® COVERED CALL FUND INC.

S&P 500® GEARED SM FUND INC.

SMALL CAP PREMIUM & DIVIDEND INCOME 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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Recently, you were sent materials regarding the Special Meeting of Stockholders (the “Meeting”) of Defined Strategy Fund Inc., Dow 30SM Enhanced Premium & Income Fund Inc., Dow 30SM Premium & Dividend Income Fund Inc., Enhanced S&P 500® Covered Call Fund Inc., Global Income & Currency Fund Inc., MLP & Strategic Equity Fund Inc., NASDAQ Premium Income & Growth Fund Inc., S&P 500® Covered Call Fund Inc., S&P 500® GEARED SM Fund Inc., and Small Cap Premium & Dividend Income Fund Inc. (each, a “Fund” and together, the “Funds”) to be held on December 19, 2008. The purpose of the Meeting is to approve a new investment advisory and management agreement and a new investment subadvisory agreement for each Fund. Our records indicate that we have not received your vote. We urge you to vote as soon as possible in order to allow the Funds to obtain a sufficient number of votes to hold the Meeting as scheduled.

 

1-866-586-0633

 

Your vote is

 

very important.

 

Please vote now to be

 

sure your vote is

 

received in time for the

 

December 19, 2008

 

Special Meeting of

 

Stockholders.

    

The Funds have made it very easy for you to vote. Choose one of the following methods:

 

•        Speak to a live Proxy Specialist by calling the number above. We can answer any of your questions and record your vote. (open: M-F 9:30am – 9pm, Sat 10am – 6pm ET)

 

•        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.

 

•        Call the phone number on the proxy card, enter the control number printed on the card, and follow the touchtone prompts.

 

•        Mail in your signed proxy card in the envelope provided.

Voting takes only a few minutes.

PLEASE VOTE TODAY.

IQ Funds