JRO News and Press, Nuveen Floating Rate Income Opportuntiy Fund Shares of Beneficial Interest

Fund merger results in the largest listed senior loan closed-end fund Monthly distribution increased by 14% The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD)...

2023-07-22 09:33:58 ET Summary We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned neg...

2023-07-11 14:49:05 ET Summary Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim. On June 23, 2023, Nuveen announced the approval by shareholders o...

2023-06-28 16:50:07 ET Summary Nuveen is set to merge four of its floating rate loan funds: Nuveen Senior Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, and Nuveen Floating Rate Income Fund. This consolidation is seen as...

Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The merg...

2023-06-16 05:20:49 ET Summary Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HFRO, JSD, and JRO. This article was released to CEF/ETF...

2023-05-12 05:00:23 ET What’s up with floating-rate funds? Why haven’t they all, well, floated higher in price as interest rates have risen over the past couple of years? Is there any hope that they’ll finally float ? Today we’ll discuss f...

2023-03-13 09:00:00 ET Summary As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a B...

2023-03-05 09:15:00 ET Summary XFLT yields 12.64% and pays monthly. We cover several other monthly floating rate CEFs. Performance, yields, and current discounts are compared for all of these funds. Looking for ways to benefit from floating rates? There are a number of f...

Summary Bonds are back, offering the highest yields in over a decade. With an emphasis on a fixed income, my portfolio is positioned for weaker growth but stronger markets in 2023. Using an income-compounding approach, I can continue to grow my future income stream for retirement by...