Nuveen Mortgage Opportunity Term Fund

Nuveen Mortgage Opportunity Term Fund is a closed-end investment fund. Its investment objective is to generate attractive total returns through opportunistic investments in mortgage-backed securities. The company was founded on November 25, 2009 and is headquartered in Chicago, IL.

Nuveen Floating Rate Income Fund

Nuveen Global High Income Fund

Nuveen Multi-Market Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred & Income Term Fund

Nuveen Credit Strategies Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen California Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund

Nuveen New York Quality Muni Income Fund

Nuveen Arizona Quality Municipal Income Fund

Nuveen Build America Bond Fund

Nuveen California Municipal Value Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen Select Maturity Municipal Fund

Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen Multi-Asset Income Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Municipal Income Fund Inc

Nuveen Minnesota Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen New York Municipal Value Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

Nuveen Virginia Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen New York AMT

Nuveen Municipal Value Fund Inc

Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Credit Income Fund

Nuveen California Select Tax-Free Income Portfolio

Nuveen New Jersey Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

Nuveen Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

Western Asset Mortgage Opportunity Fund

Eaton Vance Enhanced Equity Income Fund

Eaton Vance Risk-Managed Diversified Equity Income Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Pioneer Diversified High Income Trust

Invesco High Income 2024 Target Term Fund 

Principal Real Estate Income Fund

Taiwan Fund

For the first month in three, equity CEFs (-0.59% on a NAV basis) suffered losses while their fixed-income CEF (+0.49%) counterparts on average posted plus-side returns. At month-end, 11% of all CEFs traded at a premium to their NAV, with 12% of equity CEFs and 10% of fixed-income CEFs trading in premium territory. Income & Preferred Stock CEFs (+1.44%), for the first month in four, outpaced the other classifications in the equity CEF universe for January.

The Month In Closed-End Funds: January 2024

Ares Dynamic Credit Allocation Fund

BlackRock 2037 Municipal Target Term Trust

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

Flaherty & Crumrine Preferred Income OpportunityFund Inc

The price action in the CEF market over the last few months has been fast and furious. We revisit the key decision factors of income investing that can streamline and organize the allocation process as applied to CEFs.

Key Decision Factors For CEF Allocation In Today's Market

U.S. home sales declined in 2022 and continued to cool down in the first half of 2023 due to high mortgage rates and low inventory. Housing prices have risen over the past two years and may continue to increase in 2024, but lower mortgage rates could spur more sales. Nuveen Mortgage and Income Fund, which invests in mortgage-backed securities, offers a high current income and may benefit from reduced inflation and an improving MBS landscape.

JLS: Take Advantage Of The 2024 Housing Reversal With This 10% Yielder

NEW YORK--(BUSINESS WIRE)--Two Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below. The following dates apply to today's distribution declarations for the following taxable closed-end funds: Record Date December 27, 2023   Ex-Dividend Date December 26, 2023   Payable Date December 29, 2023     Taxable Per Share Distribution Amount Ordinary Short-Term Long-Term Ticker Exchange Fund Name Income Capital Gain Capital Gain.

Two Nuveen Closed-End Funds Declare Distributions

BlackRock Taxable Municipal Bond Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Floating Rate Income Trust

Morgan Stanley China A Share Fund Inc

Blackrock Debt Strategies Fund Inc

Eaton Vance Municipal Income 2028 Term Trust

First Trust Mortgage Income Fund

Blackrock Floating Rate Income Strategies Fund Inc

Templeton Global Income Fund

Western Asset High Income Fund

Western Asset High Yield Defined Opportunity Fund Inc

Western Asset Investment Grade Defined Opportunity Trust

Deutsche Municipal Income Trust

Morgan Stanley Emerging Markets Debt Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

PIMCO Access Income Fund

Putnam High Income Securities Fund

PIMCO Income Strategy Fund II

Franklin Templeton Emerging Markets Income Fund

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

BlackRock Energy and Resources Trust

Blackrock Long-Term Municipal Advantage Trust

ClearBridge Energy MLP Fund Inc

ClearBridge Energy MLP Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

ClearBridge Energy MLP Opportunity Fund Inc

Eaton Vance National Municipal Opportunities Trust

Aberdeen Global Income Fund

Gabelli Multimedia Trust

Gabelli Utility Trust

Barings Corporate Investors

Cohen & Steers Quality Income Realty Fund

Cushing MLP & Infrastructure Total Return Fund

Columbia Seligman Premium Technology Growth Func Inc

abrdn World Healthcare Fund 

XAI Octagon Floating Rate & Alternative Income Term Trust

19 out of 22 CEF sectors are positive on price, and 21 out of 22 sectors are positive on NAV. KYN/KMF merger completes. NXG Cushing Midstream Energy Fund rights offering begins.

Weekly Closed-End Fund Roundup: November 26, 2023

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.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

Nuveen Mortgage and Income Fund trades at a 14% discount and offers a 9.1% current yield. JLS has seen a 13% increase in net income, leading to steady distribution hikes. The fund's outperformance, rising net income, attractive valuation, and consecutive distribution hikes support holding JLS.

JLS: This 9.1%-Yield Higher-Quality CEF Clocks In Another Net Income Rise

PCM Fund

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

PIMCO Income Strategy Fund

PIMCO Corporate & Income Opportunity Fund

Western Asset Diversified Income Fund

We provide a July update for the PIMCO CEF taxable suite. Taxable coverage fell for the second straight month while tax-exempt coverage remained stable. PIMCO is doing a tender offer of their very expensive auction-rate preferreds.

PIMCO CEF Update: ARPS Go On The Chopping Block

We take a look at JLS - a CEF that allocates primarily to mortgage and securitized assets. JLS has a significant allocation to higher-quality floating-rate assets, which aligns well with today's environment of inverted yield curve and tight credit spreads. JLS has outperformed the multi-sector CEF space since 2022 and has made three consecutive distribution hikes.

JLS: This 9%-Yielding CEF Has Hit Its Stride With 2 Recent Distribution Hikes

FS Credit Opportunities Corp

First Trust High Yld Oprtnts 2027 Tr Fn

MainStay MacKay DefinedTerm Municipal Opportunities Fund

BlackRock MuniVest Fund Inc

The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors for 2023, as credit spreads are likely to widen, dragging down taxable bond NAVs. We favor munis and high-quality taxables.

CEF Report February 2023 | The January Effect Didn't Disappoint

Aberdeen Income Credit Strategies Fund

Virtus AllianzGI Diversified Income & Convertible Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Science & Technology

Calamos Global Total Return Fund

Cornerstone Strategic Value Fund Inc

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Eagle Point Credit

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Ivy High Income Opportunities Fund

KKR Income Opportunities Fund

BNY Mellon Strategic Municipals, Inc.  

Macquarie Global Infrastructure Total Return Fund Inc

Neuberger Berman Intermediate Municipal Fund Inc

Oxford Lane Capital

17 out of 22 CEF sectors positive on price and 18 out of 22 sectors positive on NAV last week. RSF offering results.

Weekly Closed-End Fund Roundup: DEX Tender Offering Expires (February 5, 2023)

We take a look at JLS - a CEF that allocates primarily to mortgage and securitized assets. JLS has a significant allocation to higher-quality floating-rate assets which aligns well with today's environment of inverted yield curve and tight credit spreads.

JLS: This 8.2%-Yielding CEF Is Well Aligned For The Current Environment

Vaneck CLO ETF

Eagle Point Income Company Inc

Janus Henderson AAA CLO ETF

Janus Detroit Street Trust-Janus Henderson B-BBB CLO ETF

Most bread-and-butter income sectors took significant losses this year and this includes high-quality sectors like investment-grade bonds which normally outperform in weakness. In this article, we highlight a trio of niche and overlooked income sectors: CLO debt, asset-backed securities, and non-agency residential mortgages.

Attractive Income Opportunities In Niche And Resilient Sectors

Apollo Tactical Income Fund, Inc.

GDL Fund

John Hancock Preferred Income Fund

Virtus AllianzGI Convertible & Income Fund II

Cohen & Steers Reit And Preferred Income Fund Inc

Vertical Capital Income Fund.

We review CEF market valuation and performance through the last week of March and highlight recent market action.

CEF Weekly Review: Rates Are Up, Why Are My Loan CEFs Down

New York Mortgage Trust

New York Mortgage Trust, Inc. Cum Conv Perp Red Pfd Registered Shs Series D

Two Harbors Investment

Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.

7-8% Yielding Consumer-Linked Assets Worth A Look In This Market Environment

We review CEF market valuation and performance over the fourth week of November and highlight recent mark. The last full week of November continued the weak trend earlier in the month.

CEF Weekly Market Review: Don't Look At CEFs As A Black Box

J.P. Morgan Alerian MLP Index ETN

MFS Investment Grade Municipal Trust

First Trust Senior Floating Rate Income Fund II

John Hancock Tax-Advantaged Dividend Income Fund

John Hancock Tax-Advantaged Global Shareholder Yield Fund

Kayne Anderson Midstream/Energy Fund Inc.

Kayne Anderson MLP Investment

Reaves Utility Income Fund

VanEck CEF Municipal Income ETF 

We review CEF market valuation and performance over the past week and highlight recent events. We discuss news and market action across a number of funds such as FCT, UTG, KYN, KMF, RTAI, and others.

CEF Weekly Market Review: Another Strong Month

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

We have been discussing tight valuations and ways to reduce risk including shifting to open-end mutual funds as you wait out valuations. Another option is shifting to term funds as a mechanism for reducing downside risk and creating that positive skew amidst rich discounts.

Using Term Funds For A Source Of Cash During Market Sell-Offs

Blackstone/GSO Senior Floating Rate Term Fund

DoubleLine Income Solutions Fund

Virtus AllianzGI Convertible & Income Fund

The CEF market has put in very strong returns in the few months since our last update. We discuss some of the key themes driving the CEF market in the medium term.

Key Themes Of The CEF Market

Apollo Senior Floating Rate Fund

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Credit Suisse Asset Management Income Fund

Doubleline Opportunistic Credit Fund

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

First Trust Intermediate Duration Preferred & Income Fund

New American High Income Fund

Invesco High Income 2023 Target Term Fund

Nuveen Credit Opportunities 2022 Target Term Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. The top DxY funds are NHF, ARDC and KIO.

The Quality Closed-End Fund Report, January 2021

News for Nuveen Mortgage Opportunity Term Fund ETF (JLS)