JCE - JCE Looks Attractive Here With A 7.2% Distribution Yield And A 9.4% Discount

September, 26 2020 01:28 AM Nuveen Core Equity Alpha Fund of Beneficial Interest

The Nuveen Core Equity Alpha Fund is a covered call equity closed-end fund with about $225 million in assets under management.
The fund currently invests in a model-based portfolio of S&P 500 stocks and also writes index call options against a portion of the portfolio.
Nuveen plans to replace INTECH as the sub-advisor for the equity portfolio and manage the equity portfolio using a different quant model.
JCE has a distribution yield of 7.2% and trades at a 9.4% discount.

For further details see:

Company Name:	Nuveen Core Equity Alpha Fund of Beneficial Interest
Stock Symbol:	JCE
Market:	NYSE