BIT - Nuveen Credit Strategies: How To Avoid The Big Dividend Cut
How I Was Able to Avoid the Nuveen Credit Strategies Income Fund (JQC) Dividend Cut
Last Thursday afternoon (March 1), JQC announced a dividend cut of dividend 13.7%. Many investors, including myself, knew this was coming well ahead of time by examining a “cheat sheet” that most CEF companies publish.
Back in early December of last year, I did my usual holiday shopping for closed-end funds ((CEFs)) trading at large discounts. Seasonally, the end of the year tends to be a good time to look for bargain-basement discounts. In my search, I encountered JQC as