NQP - Distribution Changes Among Closed End Funds | September 2018
This month saw a more mixed results in the distribution announcements for closed end funds. The muni side again saw a significant amount of cuts to the distribution. Last month, Nuveen saw no cuts to their distributions but this month the funds that cut totaled 14.
In aggregate, 8 funds increased their distribution while 27 funds cut their distribution. As usual, all but one of the cuts was in the muni sector as funds get hit with high amounts of call volume. On the increases, the Nuveen floaters were the standout.
Distribution Increases (only those