JPT News and Press, Nuveen Preferred and Income 2022 Term Fund of Beneficial Interest From 03/07/22

The market rallied back from two and a half weeks of losses to finish the week in the green. The "sell the rumor, buy the news" adage comes to mind. It is unlikely we are out of the woods just yet - especially if the war escalates to include neighbors, or worse, NATO. I would be cauti...

Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) announced the final results of a tender offer as well as an increase in its regular monthly distribution. As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common share...

Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) announced the preliminary results of a tender offer. As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal ...

Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) today commenced a tender offer. As previously announced, the fund will conduct a tender offer allowing shareholders to offer up to 100% of their shares for repurchase for cash at a price per share equal to 100% of the net asset valu...

Shareholders of Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) have approved a proposal to restructure the fund. The restructuring will allow shareholders the opportunity to maintain their investment in the fund and its exposure to a leveraged strategy focused on preferred and o...

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions. PTA comes up as the best value, though F...

The Board of Trustees of Nuveen Preferred and Income 2022 Term Fund (NYSE: JPT) has approved a proposal that will allow shareholders the opportunity to maintain their investment in the fund and its exposure to preferred securities. In light of the upcoming scheduled termination of t...

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage. In particular, the F...

During July, global consensus earnings estimates have re-accelerated to the upside, representing another bullish impulse in the tug of war between high valuations on the one hand and strong profits momentum on the other. Despite market worries of a loss of momentum in the near term, t...

We review CEF market valuation and performance over the last week of July and highlight recent market events. July CEF returns were wrapped around zero in aggregate as higher NAVs were offset by wider discounts. We continue to favor funds in a number of higher-yielding niche secto...