JPI News and Press, Nuveen Preferred and Income Term Fund of Beneficial Interest From 04/19/23

2023-04-19 08:47:46 ET Summary The failure of SVB and Signature Bank created a maelstrom of fears and deja vu of 2008. But Credit Suisse merging into UBS smashed the preferred stock space. Credit Suisse's AT1/CoCos were marked down to zero which surprised investors in these bonds,...

2023-04-11 15:54:06 ET Summary Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling. A mixture of leverage and e...

2023-04-03 11:13:37 ET Summary Bank failures in the U.S. and elsewhere have caused air pockets in parts of the preferreds market. We take a look at the impact of recent developments on the sector, including the price action in AT1s. Despite recent underperformance, preferred C...

2023-03-23 04:19:55 ET Summary Nuveen Preferred & Income Term Fund is a bank preferred equity CEF. The vehicle runs a high leverage ratio of 40% and has been negatively affected by the regional banks crisis. The fund has a high exposure to CoCo securities, which account fo...

Nuveen Preferred & Income Term Fund ( NYSE: JPI ) declares $0.115/share monthly dividend , in line with previous. Forward yield 6.83% Payable March 1; for shareholders of record Feb. 15; ex-div Feb. 14. See JPI Dividend Scorecard, Yield Chart, & Dividend Grow...

Summary We refresh our previous constructive analysis of PTA in light of its recently issued shareholder report. PTA continues to benefit from a number of structural features unique to Cohen CEFs such as leverage resilience, low cost of leverage and modest duration. These factors ar...

Mere “common stocks” fell 18% in last year. But these preferred shares are set to do better. Especially for contrarian income seekers like us. I’m talking about safe 7% to 8% yields. Backed by good old fashioned cash flows. With double-digit price upside , too, as...

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...