Nuveen Preferred & Income Opportunities Fund

Nuveen Preferred Income Opportunities Fund is a closed-end investment fund. Its investment objective is to achieve high current income and total return. The company was founded in 2003 and is headquartered in Chicago, IL.

Nuveen Preferred & Income Securities Fund

Nuveen Preferred & Income 2022 Term Fund

NEW YORK--(BUSINESS WIRE)--Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE: JPT), Nuveen Preferred & Income Securities Fund (NYSE: JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), have approved a proposal to merge the funds. The mergers will.

Nuveen Closed-End Funds Declare Pre-Merger Distributions

Nuveen Preferred and Income Fund, Nuveen Preferred & Income Securities Fund, and Nuveen Preferred & Income Opportunities Fund are set to merge, with shareholders' approval obtained. The merger will result in the three funds becoming one legal entity, JPC, leading to narrower discounts to NAV. There is an arbitrage opportunity for investors to consider stemming from this merger.

JPC: Merger Arbitrage Opportunities

NEW YORK--(BUSINESS WIRE)--Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSE: JPT), Nuveen Preferred & Income Securities Fund (NYSE: JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November.

Nuveen Preferred & Income Closed-End Funds Announce Shareholder Approval of Proposed Mergers

The Nuveen Preferred & Income Opportunities Fund offers a high level of income with an 8.37% current yield, exceeding inflation and short-term U.S. Treasuries. The JPC closed-end fund's performance has been disappointing, with a decline in share price, but investors still made money through distributions. The JPC fund's future performance depends on the interest rate trajectory, which is uncertain, but rates are expected to decline over the long term.

JPC: Some Interest Rate Risk, But The Opportunity For Yield Is Very Real

Flaherty & Crumrine Preferred Securities Income Fund Inc

First Trust Preferred Securities & Income ETF

John Hancock Preferred Income Fund

iShares Preferred and Income Securities ETF 

Global X U.S. Preferred ETF

Is there still a chance to buy the bank dip? You bet—with nifty yields up to 9.4%!

3 Preferred Stock Funds Yielding Up To 9.4%

Nuveen has announced plans to merge the Nuveen Preferred Securities Income Fund and Nuveen Preferred and Income Fund into the Nuveen Preferred & Income Opportunities Fund. I briefly review each CEF, including how they invest currently. I then combined their holdings to come up with my pro forma of what JPC will look like post-merger. I provide actionable paths forward for holders of each of the three CEFs. In short, stay the course.

JPC Is About To Absorb JPS And JPT: What That Means

Highland Income Fund

Pioneer Diversified High Income Trust

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 'High-High-Low' Closed-End Fund Report, April 2023

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen Preferred and Income Fund (NYSE: JPT), Nuveen Preferred & Income Securities Fund (NYSE: JPS), and Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds.

Nuveen Preferred Closed-End Funds Announce Proposed Mergers

Credit Suisse

Flaherty & Crumrine Dynamic Preferred & Income Fund

Flaherty & Crumrine Total Return Fund Inc

First Trust Intermediate Duration Preferred & Income Fund

John Hancock Preferred Income Fund II

Nuveen Preferred & Income Term Fund

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

Nuveen Variable Rate Preferred & Income Fund

Flaherty & Crumrine Preferred Income Fund Inc

Flaherty & Crumrine Preferred Income OpportunityFund Inc

Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

UBS Group AG

Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferred CEFs spiraling.

Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire

High inflation has resulted in investors being desperate for more income in order to maintain their lifestyles. Nuveen Preferred & Income Opportunities Fund invests in a leveraged portfolio of preferred stock and bonds in order to provide it with a very high yield to its shareholders.

JPC: This CEF Might Be Worth Considering Following The Recent Distribution Cuts

Pioneer Municipal High Income Advantage Trust

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

The Quality Closed-End Fund Report, February 2023

Ares Dynamic Credit Allocation Fund

Blackrock California Muni Income Trust

Barings Global Short Duration High Yield Fund

Blackstone/GSO Senior Floating Rate Term Fund

Brandywine Global Income Opportunities Fund Inc

Eaton Vance California Municipal Income Trust

MFS Investment Grade Municipal Trust

DoubleLine Income Solutions Fund

BNY Mellon Strategic Municipal Bond Fund, Inc.

Western Asset Global High Income Fund

Western Asset Emerging Markets Debt Fund

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance California Municipal Bond Fund

Federated Premier Municipal Income Fund

Western Asset Global Corp Defined Opportunity Fund Inc

Western Asset High Income Fund

New American High Income Fund

KKR Income Opportunities Fund

Deutsche Strategic Municipal Income Trust

BlackRock MuniYield Pennsylvania Quality Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Oxford Lane Capital

PIMCO Dynamic Income Fund

PIMCO Dynamic Income Opportunities Fund

Pioneer High Income Trust

PIMCO Strategic Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Invesco Pennsylvania Value Municipal Income Trust

Western Asset Diversified Income Fund

Western Asset/Claymore Inflation-Linked Securities & Income Fund

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund

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

Quality Closed-End Fund Report, November 2022

The Nuveen Preferred & Income Opportunities Fund invests in bonds, convertibles, and preferreds; heavily weighted to ones rated BBB or BB. A recent increase in the Price/NAV discount points to a potential buying opportunity.

JPC: A Mixed-Asset Income CEF From Nuveen Available At A Discount

AllianceBernstein Global High Income Fund Inc

BlackRock Enhanced Equity Dividend Trust

BlackRock Science & Technology

BlackRock Credit Allocation Income Trust

Nuveen S&P 500 Buy-Write Income Fund

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Managed Diversified Equity Income Fund

Eaton Vance Limited Duration Income Fund

Eaton Vance Tax-Managed Global Diversified Equity Income Fund

Aberdeen Asia-Pacific Income Fund Inc

BlackRock Corporate High Yield Fund

Nuveen Credit Strategies Income Fund

Virtus Dividend Interest & Premium Strategy Fund

After the Fed hiked interest rates for the fourth time this year, closed-end fund investors may wonder how their income will be affected. Past cycles have shown that valuations fall ahead of time in anticipation of rising rates.

Income Opportunities: CEFs And Rising Rates

Boring is perfect when we're talking retirement investing.

Do Preferreds Still Deserve Preferred Status?

Madison Fund

Medical Properties Trust

Virtus InfraCap U.S. Preferred Stock ETF

Global X NASDAQ 100 Covered Call ETF

You don't even have to follow all of the steps.

5 Simple Steps to Make $50,000 in Passive Income Per Year

One of the market's most secure, steady sources of generous yield is going through a rare turbulent moment.

3 Great 7% Yields, Paid Monthly

ArrowMark Financial

Blackstone Strategic Credit Fund

Blackstone Long-Short Credit Income Fund

MFS High Yield Municipal Trust

Doubleline Opportunistic Credit Fund

BNY Mellon High Yield Strategies Fund 

Eaton Vance New York Municipal Bond Fund

First Trust Dynamic Europe Equity Income Fund

Invesco High Income 2023 Target Term Fund

Ivy High Income Opportunities Fund

Nuveen Ohio Quality Municipal Income Fund

Pimco Global Stockplus & Income Fund

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Top DxYxZ funds are EHI, JPI and WEA.

Quality Closed-End Fund Report, February 2022

Today, we are taking a refreshed look at the preferred closed-end fund space. We see that the entire space has become more expensive, yet at the same time, distribution yields have dropped - this is mirroring the broader CEF spaces actions.

Closed-End Funds: A Check-Up On The Preferred Space

Alpine Global Dynamic Dividend Fund

Apollo Tactical Income Fund, Inc.

Alpine Total Dynamic Dividend Fund

DoubleLine Yield Opportunities Fund

Stone Harbor Emerging Markets Total Income Fund

First Trust MLP & Energy Income Fund

First Trust New Opportunities Mlp & Energy Fund

Western Asset High Income Opportunity Fund Inc

Nuveen Real Asset Income & Growth Fund

PIMCO Dynamic Credit and Mortgage Income Fund

PIMCO Income Strategy Fund

Pimco Income Opportunity Fund

Only funds with yields over 6.5%, coverage higher than 85% and trading at under a +5% premium are considered. Top lists of discount, yield, DxY and DxYxZ are given.

'High-High-Low' Closed-End Fund Report, November 2021

Investors have been struggling to earn any money off of the assets in their portfolios for quite some time now.

JPC: Still A Solid Income Fund

A recovery in credit spreads and a drop in Treasury yields have buoyed the prices of preferred stocks and sector CEF NAVs. This has allowed preferred CEFs to increase borrowings this year which drives higher income levels and strengthens distribution coverage.

Preferreds CEF Sector Adds Borrowings To Boost Income

Apollo Senior Floating Rate Fund

Blackrock Long-Term Municipal Advantage Trust

BlackRock Municipal 2030 Target Term Trust

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Eaton Vance High Income 2021 Target Term Trust

Nuveen Credit Opportunities 2022 Target Term Fund

BNY Mellon Strategic Municipals, Inc.  

Neuberger Berman New York Municipal Fund

Neuberger Berman California Intermediate Municipal Fund Inc

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given. Muni CEFs feature in the top list of widest discount.

The Quality Closed-End Fund Report: May 2021

Western Asset Mortgage Opportunity Fund

Allspring Income Opportunities Fund

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

Expensive valuations, low underlying yields and increased issuer calls have generated concerns about CEF distribution cuts. We take a look at ways investors can mitigate the risk of CEF distribution cuts.

How To Lower The Risk Of CEF Distribution Cuts

Retirees and others have been having a very difficult time generating portfolio income in today's climate.

JPC: Safety And Security Make This 6.8% Yielding Fund A Great Pick

News for Nuveen Preferred & Income Opportunities Fund ETF (JPC)