NSL News and Press, Nuveen Senior Income Fund

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...

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...

2023-05-12 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...

Summary Nuveen Senior Income Fund is a leveraged loan CEF from the Nuveen family of funds. NSL's Board of Trustees has voted on the fund to be merged into its sister fund Nuveen Floating Rate Income Fund. The merger is still subject to shareholder approval, but we believe it is goin...

The Boards of Trustees 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 (NSYE: JFR) have approved a proposal to merge the funds. The proposed merger...

Nuveen Senior Income Fund ( NYSE: NSL ) declares $0.0435/share monthly dividend, in line with previous. Forward yield 10.85% Payable Dec. 30; for shareholders of record Dec. 15; ex-div Dec. 14. See NSL Dividend Scorecard, Yield Chart, & Dividend Growth. For f...

Summary NSL is a fixed income CEF focused on leveraged loans. The fund runs a very small duration profile (sub 1 year) but has a high leverage ratio of 39%. The vehicle has increased its distribution this year but utilizes some ROC. The CEF is currently trading at a -10% d...