JFR News and Press, Nuveen Floating Rate Income Fund From 07/31/23

Fund merger results in the largest listed senior loan closed-end fund Monthly distribution increased by 14% The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD)...

2023-07-22 09:33:58 ET Summary We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned neg...

2023-07-11 14:49:05 ET Summary Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim. On June 23, 2023, Nuveen announced the approval by shareholders o...

Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The merg...

2023-04-08 02:53:26 ET Summary Investors desperately need income to maintain their lifestyles given today's incredibly high inflation rate. JFR invests in a portfolio of floating-rate securities that should hold their value more than traditional bonds during rising-rate environmen...

2023-03-13 09:00:00 ET Summary As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a B...

Summary Nuveen Senior Income Fund is a leveraged loan CEF from the Nuveen family of funds. NSL's Board of Trustees has voted on the fund to be merged into its sister fund Nuveen Floating Rate Income Fund. The merger is still subject to shareholder approval, but we believe it is goin...

The Boards of Trustees of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NSYE: JFR) have approved a proposal to merge the funds. The proposed merger...

Summary Floating-rate fixed-income securities should hold their value better than traditional bonds during periods of rising interest rates. Nuveen Floating Rate Income Fund invests primarily in a portfolio of these securities, so it should be a reasonably good choice for income in toda...

Nuveen Floating Rate Income Fund ( NYSE: JFR ) declares $0.0745/share monthly dividend, in line with previous. Forward yield 10.71% Payable Dec. 30; for shareholders of record Dec. 15; ex-div Dec. 14. See JFR Dividend Scorecard, Yield Chart, & Dividend Growth. ...