Nuveen Floating Rate Income Opportuntiy Stock News

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

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 is set to merge four of its floating rate loan funds: Nuveen Senior Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, and Nuveen Floati

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 top DxY funds are HFRO, JSD, and JRO.

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 month

JRO offers income investors a level monthly distribution that yields 10.5% annually based on the recently raised distribution of $0.074. The JRO fund trades at a discount to NAV and benefits from risi

FLOT: This Floating-Rate ETF Has Limited Appeal

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 expl

JFR - Leveraged Loan CEF, 6.9% Yield

JRO is a closed end fund investing in senior floating rate loans. The fund has historically robust Sharpe and standard deviation metrics but utilizes significant leverage.

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.

We've seen a lot of volatility in the last month across all risk assets, but closed-end funds have weathered it quite well.

Senior loan funds are showing some opportunities at some deep discounts. These funds should benefit from increasing interest rates, but that could be years before playing out.

So much uncertainty! What is an investor to do? Senior corporate loans can provide equity or near-equity returns, especially if held in a closed-end fund. Often

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