Nuveen Senior Income Fund 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.

The NSL fund aims to provide high current income from a portfolio of senior loans. The fund is currently yielding 11.4% based on market price.

Nuveen Senior Income Fund is a leveraged loan CEF from the Nuveen family of funds. NSL's Board of Trustees has voted on the fund to be merged into its sister fund Nuveen Floating Rate Income Fund.

NSL is a fixed income CEF focused on leveraged loans. The fund runs a very small duration profile (sub 1 year) but has a high leverage ratio of 39%.

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

CEF Report April 2021: A Complete Round Trip

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.

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

Citigroup widened its effort to claw back money it wired to Revlon lenders, suing more investment firms that say they don’t believe a major financial institution sent them portions of a $900 million

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. The top DxYxZ funds are PGZ, VLT and ARDC.

Only funds with yield over 7.5%, coverage higher than 90% and trading at a discount are considered. All of the top-ranking funds look attractive from a quantitative perspective.

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