Nuveen Core Equity Alpha Fund

Nuveen Core Equity Alpha Fund is a closed-end investment fund, which offers an alternative to index-oriented equity products. It also provides a level of total return through long term capital appreciation, and income and gains. The company was founded on March 27, 2007 and is headquartered in Chicago, IL.

Nuveen Core Equity Alpha Fund is a closed-end investment fund. It engages in providing a level of total return through long term capital appreciation, income, and gains. The company was founded on March 27, 2007 and is headquartered in Chicago, IL.

The Nuveen Core Equity Alpha Fund is a closed-end fund that employs a covered call selling strategy. The fund is rated a Hold by most Seeking Alpha analysts, but I disagree with this view. JCE has delivered disappointing historical risk-adjusted performance relative to passive investment options.

JCE: 5 Reasons Why I Would Not Hold This CEF

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Calamos Convertible Opportunities And Income Fund

First Trust Senior Floating Rate Income Fund II

PGIM Global High Yield Fund

Guggenheim Active Allocation Fund

Voya Global Equity Dividend and Premium Opportunity Fund

Nuveen Credit Strategies Income Fund

Neuberger Berman MLP Income Fund, Inc.

Pimco High Income Fund

RiverNorth Opportunities Fund, Inc.

LMP Capital and Income Fund

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

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The Nuveen Core Equity Alpha Fund invests in large cap U.S. stocks while selling call options to manage risk. The fund has delivered a positive return in 2024, but historically underperforms benchmarks. We offer our opinion of the fund in the context of its stated strategy.

JCE: 3 Reasons We're Avoiding This Equity CEF

Apple

AbbVie

Apollo Tactical Income Fund, Inc.

Amazon

Ares Dynamic Credit Allocation Fund

BlackRock Multi-Sector Income Trust

Chimera Investment

Credit Suisse High Yield Bond Fund

Duff & Phelps Global Utility Income Fund Inc

Duke Energy

Golub Capital BDC

Clough Global Opportunities Fund

Alphabet

Goldman Sachs

Goldman Sachs BDC

Horizon Technology Finance

Johnson & Johnson

MPLX

Merck

Morgan Stanley

Microsoft

NextEra Energy

Naturally, one should monitor their portfolio on a regular basis in case there are any news events or market circumstances that can affect a stock price or its dividend adversely.

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Nuveen S&P 500 Buy-Write Income Fund

Nuveen Dow 30 Dynamic Overwrite Fund

Nuveen Real Estate Income Fund

Nuveen NASDAQ 100 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund

NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for six Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular quarterly distributions and follows the most recent quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates. Important Information Regarding Distributions March 28, 2024: THIS NOTICE IS FOR INFORMATIONAL PURPOS.

Six Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Nuveen Core Equity Alpha Fund provides exposure to large-cap companies and uses a call-writing strategy to generate options premiums for distributions and potentially dampen volatility. The JCE closed-end fund's discount/premium seems to have somewhat stabilized, but it's around the longer-term average, making it appear fairly valued. The JCE fund offers a relatively high distribution rate, but the distribution is largely covered by capital gains, which can come under pressure in a down market.

JCE: Valuation Stays Around Fair Value

Nuveen Core Equity Alpha Fund has underperformed the S&P 500 by almost 50% due to its option overlay strategy and low volatility levels. The low volatility environment has resulted in low option premiums, which do not adequately compensate JCE for market moves. Investing in the S&P 500 outright or choosing a different closed-end fund without an option overlay may be a better choice in the current low VIX environment.

JCE: Falling Behind In A Low Vol World

Nuveen Core Equity Alpha Fund had a volatile discount/premium to finish off last year, and it still remains fairly expensive. First Trust Enhanced Equity Income Fund and Voya Global Advantage and Premium Opportunity Fund were suggested as alternatives, and we revisit to see how that played out today. This article helps highlight why valuations matter for CEFs, not only on an absolute but relative basis, as we saw things play out mostly as expected in the last year.

Closed-End Funds: Valuations Matter, A Revisit Of JCE

The "boring" truth is that what we've been seeing is nothing more than a transition from a panicked market to a more normal one.

This ‘Boring' Market Is Our Key To 10% Dividend Payouts

ArrowMark Financial

Blackrock Health Sciences Trust

BlackRock Utilities Infrastructure & Power Opportunities Trust

Calamos Strategic Total Return Fund

Allspring Global Dividend Opportunity Fund

Eaton Vance Enhanced Equity Income Fund II

Barings Participation Investors

Putnam High Income Securities Fund

For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs that have solid track records, pay high distributions, and are offering "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

5 Best CEFs To Buy This Month (June 2023)

Nuveen Real Asset Income & Growth Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Multi-Asset Income Fund

Nuveen Core Plus Impact Fund

NEW YORK--(BUSINESS WIRE)--The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular monthly or quarterly distributions and follows the most recent monthly and quarterly distribution announcements. The full text of these notices is available below or on the Nuveen website via Distribution Source Estimates.

Ten Nuveen Closed-End Funds Announce Availability of 19(a) Notices

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

John Hancock Financial Opportunities Fund

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

Eagle Point Income Company Inc

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Aberdeen Global Income Fund

Gabelli Multimedia Trust

Aberdeen Australia Equity Fund Inc

Ivy High Income Opportunities Fund

KKR Income Opportunities Fund

Macquarie Global Infrastructure Total Return Fund Inc

MainStay MacKay DefinedTerm Municipal Opportunities Fund

Neuberger Berman Intermediate Municipal Fund Inc

Neuberger Berman California Intermediate Municipal Fund Inc

0 out of 22 closed-end fund sectors positive on price and 3 out of 22 sectors positive on NAV last week. KIO rights offering results.

Weekly Closed-End Fund Roundup: February 19, 2023

Nuveen Core Equity Alpha Fund pays a quarterly dividend, generating strong yield. This yield is likely sustainable over the long term, due to its current investment strategy. JCE is a closed-end fund with a diversified equity portfolio and offers investors an attractive option to invest in dividend-paying large-cap equities in the U.S. market.

JCE: Portfolio Reconstruction Should Support Continued High Yield And Return

BlackRock Science & Technology

DoubleLine Income Solutions Fund

First Trust / Aberdeen Emerging Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund

Gabelli Utility Trust

Nuveen California Select Tax-Free Income Portfolio

Pimco California Municipal Income Fund II

PCM Fund

PIMCO Corporate & Income Strategy Fund

Pimco California Municipal Income Fund

Pimco Municipal Income Fund

Pimco Municipal Income Fund II

21 out of 22 CEF sectors were positive on price and 20 out of 22 sectors were positive on NAV last week. MLPs are the most discounted CEF sector.

Weekly Closed-End Fund Roundup: January 8, 2023

BlackRock Resources & Commodities Strategy Trust

Cornerstone Strategic Value Fund Inc

Doubleline Opportunistic Credit Fund

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Western Asset Mortgage Opportunity Fund

Eaton Vance National Municipal Opportunities Trust

Eagle Capital Growth Fund Inc

Gabelli Healthcare & Wellness Trust

OFS Credit Company Inc

PIMCO Dynamic Income Opportunities Fund

2 out of 23 CEF sectors were positive on price and 2 out of 23 sectors were positive on NAV last week. VFL offers tender results.

Weekly Closed-End Fund Roundup: VFL Tender Results (December 18, 2022)

BlackRock Taxable Municipal Bond Trust

BlackRock Municipal Income Quality Trust

Central and Eastern Europe Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

DoubleLine Yield Opportunities Fund

John Hancock Preferred Income Fund

Pioneer Municipal High Income Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen AMT-Free Municipal Credit Income Fund

Pimco New York Municipal Income Fund

RiverNorth Flexible Muncpl Incme Fnd Inc

Cohen & Steers Reit And Preferred Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Delaware Investments

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

Cornerstone Total Return Fund Inc

Eaton Vance Enhanced Equity Income Fund

John Hancock Preferred Income Fund II

New American High Income Fund

BlackRock Corporate High Yield Fund

John Hancock Investors Trust

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Oxford Lane Capital

Pimco California Municipal Income Fund III

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

12 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. Tortoise offer tender results.

Weekly Closed-End Fund Roundup: Tortoise Tender Results, NCZ Resumes Distributions (November 6, 2022)

European Equity Fund

Eaton Vance Short Duration Diversified Income Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

New Ireland Fund Inc

Madison Fund

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

Franklin Templeton Emerging Markets Income Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

Since our previous update, JCE remains at a premium - even ticking up a bit. Some alternatives could exist with better valuations, such as FFA and IGA.

JCE: A "Hold" But Some Potential Alternatives

Eaton Vance Tax-Advantaged Global Dividend Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

Gabelli Equity Trust

Nuveen Arizona Quality Municipal Income Fund

Columbia Seligman Premium Technology Growth Func Inc

0 out of 23 CEF sectors are positive on price and 0 out of 23 sectors are positive on NAV over the last week. BlackRock CEFs are repurchasing their shares.

Weekly Closed-End Fund Roundup: BlackRock CEFs Repurchasing Shares (October 16, 2022)

JCE has declined along with the rest of the markets this year; it stubbornly hangs onto its premium valuation. The fund has generated alpha this year on a NAV basis, as its name implies, but it has only been very minimal.

JCE: Some Potential, But Looking For A Discount

JCE is an equity focused closed end fund.

JCE: A CEF That Does What It Should

JCE had an incredible total share price return in 2021, delivering over 47% to investors. This would be hard to replicate in 2022 as the fund's discount has disappeared and the fund trades at historically elevated levels.

JCE: Strong 2021, But 2022 Could Be Tougher

NEW YORK--(BUSINESS WIRE)--The Nuveen Core Equity Alpha Fund (NYSE: JCE) today announced that, in addition to the fund's regular quarterly distribution, the fund has declared a special cash distribution with the record, ex-dividend and payable date outlined below. The following dates apply to today's distribution declaration for the following taxable closed-end fund: Record Date October 18, 2021 Ex-Dividend Date October 15, 2021 Payable Date November 1, 2021 Taxable Distribution Per Share Long-

Nuveen Core Equity Alpha Fund Declares Distribution

JCE joins the list of many other closed-end funds this year to trade at historically high valuations. This fund has touched premium levels in the past but only briefly.

JCE: Discount Disappears After A Strong Run

News for Nuveen Core Equity Alpha Fund ETF (JCE)