JPI News and Press, Nuveen Preferred and Income Term Fund of Beneficial Interest From 05/16/20

Over the last few weeks, we have discussed the details of leverage changes of various PIMCO CEFs across a number of articles. The reason for our focus on changes in leverage and borrowings has to do with the outsized impact these fund characteristics have on fund earnings, distribution sustain...

Author's note : This article was released to CEF/ETF Income Laboratory members on May 5, 2020. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recent...

(This report was published on April 29 to members of Yield Hunting. All data herein is from that date except the commentary in the update near the end.) Both Blackrock and Nuveen have reported their UNII and coverage data for March. The data is a bit different as the Nuveen muni CEFs sho...

Author's note: This article was released to CEF/ETF Income Laboratory on April 28, 2020. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently co...

April was a bad month for CEF distributions with over 90 funds declaring cuts. Within this seemingly one-way move, the preferreds sector stood out for its surprisingly divergent behavior with one set of funds cutting distributions and another set increasing. In this article we explore the reas...

Author's note: This article was initially released to members on April 20, 2020. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price movements in closed-end fund [CEF] sectors in the last week, as well as to highlight recently concluded ...

Author's note : This article was released to CEF/ETF Income Laboratory members on April 13, 2020, and includes a rare reposting of CEF news compilation and our commentary to members. The Weekly Closed-End Fund Roundup will be put out at the start of each week to summarize recent price m...

The following Nuveen closed-end funds (each, a “Fund” and collectively, the “Funds”) announced today that each Fund’s 2020 Annual Meeting of Shareholders (the “Meeting”) has been postponed and that the meeting will be held as a virtual meeting:...

Along with distributions, month-end often brings interesting tidings to CEF investors. Distribution announcements are some of the most keenly watched pieces of information in the CEF space at the moment. The enormous volatility that we have seen in CEF space has hammered funds and put asset co...

This article uses market data as of Tuesday close. A sharp drawdown period for preferred stocks has hammered asset coverage and increased leverage across the CEF sector. Given the sharp losses in the sector, asset coverage may be the last thing on investors' minds. Asset coverage, however,...