JPS News and Press, Nuveen Preferred & Income Securities Fund

The mergers of Nuveen Preferred and Income Fund (NYSE: JPT) and Nuveen Preferred & Income Securities Fund (NYSE: JPS) into Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) were successfully completed prior to the opening of the New York Stock Exchange on November 6, 2023. The ...

Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced , common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE: JPT), Nuveen...

2023-10-16 08:57:23 ET Summary Nuveen Preferred and Income Fund, Nuveen Preferred & Income Securities Fund, and Nuveen Preferred & Income Opportunities Fund are set to merge, with shareholders' approval obtained. The merger will result in the three funds becoming one legal...

Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE: JPT), Nuveen Preferred & Income Securities Fund (NYSE: JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The mergers will combine each...

2023-09-27 03:52:35 ET Summary John Hancock Preferred Income Fund II aims to provide a high level of current income and preservation of capital. The fund primarily invests in preferred securities, with at least 50% being investment grade. The poor returns and large distributio...

2023-09-26 16:54:28 ET Summary The Nuveen Preferred & Income Opportunities Fund offers a high level of income with an 8.37% current yield, exceeding inflation and short-term U.S. Treasuries. The JPC closed-end fund's performance has been disappointing, with a decline in share ...

2023-09-25 09:51:08 ET Summary Nuveen Preferred & Income Securities Fund offers a high level of current income with a 7.34% yield, higher than money market funds. The fund has experienced disappointing performance, with shares down 2.66% since July, but distributions have offs...

2023-09-18 16:05:27 ET Summary SPFF, a high-yield preferred share ETF, has underperformed and carries significant risk due to its focus on highest yields. The fund primarily holds preferred shares in the financial sector, which can be risky during a severe recession. The curre...

2023-09-05 05:17:22 ET Summary Invesco CEF Income Composite ETF is a fund of funds with 114 holdings and a 12-month distribution yield of 9.97%. PCEF's performance has lagged behind its competitor CEFS and has experienced a downtrend in both price and distribution. PCEF may no...

2023-08-22 13:50:40 ET Summary We shifted from a "buy" to a "neutral" rating on PFFA due to a changing risk-reward structure when we last covered the fund. The fund has seen impressive asset expansion and has maintained its distribution despite cuts in other funds. We examine ...