NUVEEN FTG RATE INC.FD

U.S. senior floating rate loans offer unique protection against interest rate volatility along with high yield, making them a valuable diversifier in income-focused portfolios. Explore the benefits of senior loans and Nuveen's strategy and outlook with Nuveen Head of Senior Loans Scott Caraher. Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions including the Nuveen Floating Rate Income Fund.» Mehr auf seekingalpha.com

We review the CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had a strong week, driven by rallies in stocks and Treasuries, with higher-beta MLP and REIT sectors leading. Nuveen Floating Rate Income Fund's rights offering is discussed, emphasizing the importance of either selling or exercising the rights.» Mehr auf seekingalpha.com

JFR announced a transferable rights offering, allowing existing shareholders to purchase new shares at a discount. This move will increase the fund's assets under management (AUM) and liquidity but may cause short-term price weakness. The fund remains heavily weighted towards leveraged loans (84% of holdings) with a low duration of 0.44 years and high leverage (38%).» Mehr auf seekingalpha.com