JPI News and Press, Nuveen Preferred and Income Term Fund of Beneficial Interest From 01/11/23

Nuveen Preferred & Income Term Fund ( NYSE: JPI ) declares $0.115/share monthly dividend , -7.3% decrease from prior dividend of $0.124. Forward yield 7.05% Payable Feb. 1; for shareholders of record Jan. 13; ex-div Jan. 12. See JPI Dividend Scorecard, Yield ...

Summary Preferreds closed-end funds continue to hold appeal for income investors due to their relatively high credit quality, modest duration, and high yields. Term CEFs add another attractive feature due to the potential anchoring of the discount on the expected termination date of the...

Summary Cohen & Steers Limited Duration Preferred & Income Fund 'LDP' is a fixed income closed-end fund. The vehicle focuses on bank and insurance-preferred securities. The fund has a granular build with a well-balanced credit rating profile. Despite its 2.7-year d...

Summary Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up additional yield, adopt a more defensive stance and generate alpha in their...

Summary We review CEF market valuation and performance through the last week of September and highlight recent market action. September was the worst month for CEFs since March of 2020, with a double-digit drop for the broader CEF space. We discuss the income dynamics of the F...

Nuveen Preferred & Income Term Fund ( NYSE: JPI ) declares $0.124/share monthly dividend , -5% decrease from prior dividend of $0.131. Forward yield 8.02% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See JPI Dividend Scorecard, ...

Summary The market environment of high volatility and rising short-term rates has lowered the income-generating capacity of most CEFs. In this article, we highlight the five types of CEFs whose incomes have either been unaffected or have actually improved this year. We also hi...

Summary The price action in the CEF market has been brutal over the month of September. We highlight some of the broader CEF market indicators to place the current drawdown in context. We remain cautious on equity CEF sectors and longer-duration credit sectors, particularly th...

Summary Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are HFRO, DHF and PHD. Author’s note: This article was released to CEF/ETF Income Laboratory members on September 19, 2022. Pleas...

Summary The Nuveen Preferred & Income Opportunities Fund invests in bonds, convertibles, and preferreds; heavily weighted to ones rated BBB or BB. A recent increase in the Price/NAV discount points to a potential buying opportunity. Nuveen classifies four other CEFs with J...