2024-05-05 02:13:31 ET
Summary
- Nuveen Core Plus Impact Fund is a closed-end fund providing primarily fixed-income exposure through a multi-sector approach.
- The fund bumped up its monthly distribution early in 2024, sporting an ~11% rate now, but that's still down from the initial payout.
- Activist firm Saba Capital Management is targeting NPCT and is looking to get some representation on the Board.
Written by Nick Ackerman, co-produced by Stanford Chemist.
Nuveen Core Plus Impact Fund ( NPCT ) provides investors with exposure to a diversified portfolio of mostly fixed-income investments. Since launching in 2021, the closed-end fund has been trading at a substantial discount to its net asset value per share....
Read the full article on Seeking Alpha
For further details see:
NPCT: Activist Pressure And A Wide Discount