Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a closed-end investment fund. Its investment objective is to achieve a level of current income by investing in adjustable rate secured and unsecured senior loans and other debt instruments. The company was founded on March 25, 2004 and is headquartered in Chicago, IL.

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Nuveen Floating Rate Income Fund is a closed-end fund that primarily invests in floating-rate, senior loans. The fund has a consistent dividend history, with fluctuations based on interest rate trends. JFR has a diversified portfolio, with a concentration in the Hotels, Restaurants, and Leisure industry, which poses a risk in tough economic times.

Nuveen Floating Rate Income: A Discount Means Safety

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NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.

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NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the lawsuit brought in the United States Court of Appeals for the Second Circuit (the “Court”) by five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC (collectively, “Nuveen”) – the Nuveen Floating Rate Income Fund (NYSE: JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration.

U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940

JFR merged with three of its sister funds earlier this year, which were all focused on floating rates or holding a short-duration fixed-income portfolio. This combination made JFR the largest floating-rate focused fund in the closed-end fund space, larger hasn't meant necessarily better though. The fund's discount appears attractive and the distribution rate is fully covered; however, its performance has been a bit lackluster relative to some peers.

JFR: Attractive Discount And Fully Covered ~12.7% Distribution Yield

The Nuveen Floating Rate Income Fund offers a high level of income with a current yield of 12.72% and increasing distributions. The fund has outperformed traditional fixed-rate bond indices YTD and has a positive total return despite a price decline. The fund's focus on floating-rate securities make it attractive during periods of rising interest rates, which could very easily be the case for a while due to US fiscal policy.

JFR: A Good Fund For High Rates Or A Pair Trade

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Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

Rising Interest Rates Got You Down? Try Floating Above The Fear

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Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation.

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Closed-end funds offer high income, diversification, and market-matching total returns for income-focused investors. Five CEFs with solid track records, high distributions, and attractive discounts are highlighted in this monthly series. The selected CEFs offer an average distribution rate of over 9%, have strong historical performance, and trade at an average discount of -6.5% to NAV.

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20 out of 22 CEF sectors positive on price. Nuveen senior loan funds merger is complete. The combined JFR boosted its distribution by 14%.

Weekly Closed-End Fund Roundup: Nuveen Senior Loan Funds Merger Complete (July 30, 2023)

Nuveen has completed the merger of three funds into the Nuveen Floating Rate Income Fund, making it the largest listed senior loan closed-end fund. The merger is expected to bring operational savings and improve fund performance over time. JFR has increased its distribution rate by 14%, resulting in a current 30-day SEC yield above 12%.

JFR: Merger Completed, Appealing Fund With A 12% Yield

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NEW YORK--(BUSINESS WIRE)--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) into Nuveen Floating Rate Income Fund (NYSE: JFR) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund's newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds. Thro.

Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase

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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 negative, owing to a high cost of leverage.

CEF Weekly Review: (Some) CEF Net Income Turns Negative

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.

Nuveen Senior Loan CEFs To Merge

NEW YORK--(BUSINESS WIRE)--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 mergers will combine each of NSL, JRO, and JSD into JFR. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before t.

Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers

Investors desperately need income to maintain their lifestyles given today's incredibly high inflation rate. JFR invests in a portfolio of floating-rate securities that should hold their value more than traditional bonds during rising-rate environments.

JFR: Floating Rates And Attractive Price

Floating-rate fixed-income securities should hold their value better than traditional bonds during periods of rising interest rates. Nuveen Floating Rate Income Fund invests primarily in a portfolio of these securities, so it should be a reasonably good choice for income in today's environment.

JFR: The Thesis Is Holding True For This 10%-Yielding CEF

The current rising interest-rate environment has had a devastating effect on most assets. JFR is a CEF that invests in a portfolio of adjustable-rate loans that should produce higher income as interest rates rise.

JFR: This Fund Should Benefit From Rising Interest Rates

We highlight why one should invest in this senior loan CEF.

JFR: Buying Opportunity Is Here

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As we enter the fourth quarter of 2021, we are inching closer to the eventual rate hikes from the Fed. We've been continuing to monitor the senior loan fund space to find some opportunities worth exploring.

Closed-End Funds: Senior Loan Funds Q4 2021 Update

Closed-end fund that invests in the leveraged loan asset class. The fund has a 0.40 Sharpe ratio and 10.46 standard deviation vs 0.56 Sharpe and 3.31 standard deviation for the Bloomberg US Aggregate Bond Index.

JFR - Leveraged Loan CEF, 6.9% Yield

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Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.

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I have tried to reduce my overall CEF allocation- I continue to make some rotational trades into areas of the marketplace I think are best positioned for gains.

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News for Nuveen Floating Rate Income Fund ETF (JFR)