JPT News and Press, Nuveen Preferred and Income 2022 Term Fund of Beneficial Interest From 06/01/20

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

Exactly a year ago we discussed how investors can go about making the choice between a closed-end and an open-end fund. Much has changed in the market since then so we take this opportunity to revisit our framework and see whether the developments over the past few months shed any additional...

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...

The last few weeks have seen very sharp moves in asset prices. Apart from hammering prices of risky assets, these shifts across assets have also impacted sector distributions to varying degrees. In this article we take a look at these impacts as well as discuss sectors are likely to boats more...

(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...

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...

(The following is our weekly commentary published each Sunday evening to our members. This is from April 12th, 2020) Macro Picture Stocks again recorded one of their best weekly gains on record as investors saw encouraging trends in the virus spread data. The flattening of the curve is...

(Please note that this report was issued on March 28th to members of Yield Hunting.) I just want to reiterate to members that I am not buying (other than a few individual muni bonds and preferred stocks), and I do not necessarily advocate buying at this point unless you can look long ter...

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...