Nuveen Senior Income Fund

Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Short Duration Credit Opportunities Fund

NEW YORK--(BUSINESS WIRE)--The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) into Nuveen Floating Rate Income Fund (NYSE: JFR) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund's newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds. Thro.

Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase

Calamos Convertible Opportunities And Income Fund

Calamos Strategic Total Return Fund

Eaton Vance Senior Floating Rate Fund

Eaton Vance Floating-Rate Income Trust

Nuveen Credit Strategies Income Fund

Reaves Utility Income Fund

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 net income profile of some CEFs has turned negative, owing to a high cost of leverage.

CEF Weekly Review: (Some) CEF Net Income Turns Negative

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 Senior Loan CEFs To Merge

NEW YORK--(BUSINESS WIRE)--Common and preferred shareholders of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund (NYSE: JFR) have approved a proposal to merge the funds. The mergers will combine each of NSL, JRO, and JSD into JFR. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before t.

Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers

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.

NSL: Amortizing 'Return Of Principal' Fund

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: This CEF's Discount Is About To Narrow

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%.

NSL: Leveraged Loans CEF, 10% Yield

Apollo Senior Floating Rate Fund

Blackstone Strategic Credit Fund

Vanguard Total Bond Market ETF

Saba Capital Income & Opportunities Fund

Eagle Point Credit

Eagle Point Credit Company Inc 7.75 % Pfd Registered Shs 2016-30.10.26 Series B

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Eagle Point Cr 6.75 % Notes 2017-30.09.27

First Trust Senior Floating Rate Income Fund II

Blackrock Floating Rate Income Strategies Fund Inc

Highland Income Fund

Oxford Lane Capital

Oxford Lane Capital Corp 6.75 % Cum Red Pfd Shs Series -2024-

Oxford Lane Capital Corp 7 1/2 % Term Cum Pfd Shs Series -2023-

SPDR S&P 500 ETF Trust

 SPDR Blackstone Senior Loan ETF

Invesco Dynamic Credit Opportunities Fund

Invesco Senior Income Trust

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 exploring.

Closed-End Funds: Senior Loan Funds Q4 2021 Update

Barings Global Short Duration High Yield Fund

Blackrock Core Bond Trust

BlackRock Credit Allocation Income Trust

Brandywine Global Income Opportunities Fund Inc

PGIM Global High Yield Fund

PGIM High Yield Bond Fund

Nuveen Global High Income Fund

YieldShares High Income ETF

Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.

CEF Report June 2021 | The Winch Tightens Further

BlackRock Floating Rate Income Trust

Blackstone Long-Short Credit Income Fund

Blackstone/GSO Senior Floating Rate Term Fund

Blackrock Debt Strategies Fund Inc

Closed-End Funds: Senior Loan Funds Revisited

Western Asset Global Corp Defined Opportunity Fund Inc

Nuveen Intermediate Duration Municipal Term Fund

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.

The 3 Funds I Recently Added To My Portfolio With Yields Up To 7.40%

Apollo Tactical Income Fund, Inc.

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Eaton Vance Floating Rate Income Plus Fund

First Trust Intermediate Duration Preferred & Income Fund

KKR Income Opportunities Fund

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

CEF Report: State Of The CEF Market

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.

Income Lab Ideas: Senior Loan Funds

Alpine Global Dynamic Dividend Fund

Alpine Total Dynamic Dividend Fund

Ares Dynamic Credit Allocation Fund

Credit Suisse Asset Management Income Fund

BNY Mellon High Yield Strategies Fund 

Western Asset Emerging Markets Debt Fund

Pioneer High Income Trust

RiverNorth Opportunities Fund, Inc.

Franklin Templeton Emerging Markets Income Fund

The Chemist's 'High-High-Low' Closed-End Fund Report: September 2019

Floating rate is the quintessential barometer by retail investors on rate sentiment. Right now, they are pulling money out of floaters due to the dovish Fed tilt.

Assessing If The Time Is Right To Get Into Floating Rate

News for Nuveen Senior Income Fund ETF (NSL)