JQC - JQC: Entering The Second Year Of Their Capital Return Plan

February, 25 2020 10:13 AM Nuveen Credit Strategies Income Fund Shares of Beneficial Interest

Nuveen Credit Strategies Income Fund (JQC) knows its 14.62% distribution rate is unsustainable over the long-term. However, this is all a part of their three-year plan to return 20% of capital back to shareholders' pockets. This is through a "supplemental amounts" to its monthly distribution. They took on this action to help close the gap of their persistent discount and increase the fund's "competitiveness."

Along with this capital return plan, JQC has been buying back a large amount of shares and retiring them.

(Source - Consolidated Annual Report)

The

Company Name:	Nuveen Credit Strategies Income Fund Shares of Beneficial Interest
Stock Symbol:	JQC
Market:	NYSE

Twitter