SEC Form N-CSR filed by Nuveen Floating Rate Income Fund
$JFR
Trusts Except Educational Religious and Charitable
Finance
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N-CEN - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Filer)
N-CSR - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Filer)
N-PX - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Filer)
SC 13G/A - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Subject)
SC 13G/A - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Subject)
SC 13G - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Subject)
Trustees Terence J. Toth, Jack B. Evans, William C. Hunter, Albin F. Moschner, John K. Nelson, Judith M. Stockdale, Carole E. Stone, Margaret L. Wolff, Robert L. Young and Matthew Thornton, III Violated Federal Law Saba Capital Management, L.P. (collectively with certain of its affiliates, "Saba" or "we") today commented on the outcome of the lawsuit brought in the United States Court of Appeals for the Second Circuit (the "Court") by five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC (collectively, "Nuveen") – the Nuveen Floating Rate Income Fund (NYSE:JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO), Nuveen Short Duration Credit Oppo
Fund merger results in the largest listed senior loan closed-end fund Monthly distribution increased by 14% 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. Through the mergers, a wholly-owned subsidiary of JFR acquired approximately all of the assets and liabilities of NSL,
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 the market opens on July 31, 2023. Leading up to the mergers, NSL, JRO, JSD, and JFR are expected to follow their normal distribution schedules. Following the mergers, JFR is expected to declare its regular August distribution on J
Fund merger results in the largest listed senior loan closed-end fund Monthly distribution increased by 14% 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. Through the mergers, a wholly-owned subsidiary of JFR acquired approximately all of the assets and liabilities of NSL,
4 - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Issuer)
4 - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Issuer)
4 - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Issuer)
4 - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Issuer)
3 - NUVEEN FLOATING RATE INCOME FUND (0001276533) (Issuer)
Wednesday marks the last chance for investors to receive the next dividend payout from Nuveen Floating Rate Inc (NYSE:JFR). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 8.5 cents per share. On Thursday, Nuveen Floating Rate Inc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8.5 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own JFR as of the end of Wednesday's session are eligible to receive
Wednesday marks the last chance for investors to receive the next dividend payout from Nuveen Floating Rate Inc (NYSE:JFR). What's Happening The company announced on Monday that it would pay shareholders a monthly dividend of 7.45 cents per share. On Thursday, Nuveen Floating Rate Inc will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 7.45 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Thursday. Shareholders who own JFR as of the end of Wednesday's session are eligible to receive
On Thursday, 930 stocks hit new 52-week lows. Interesting Points From Today's 52-Week Lows: The largest company in terms of market cap to set a new 52-week low was Microsoft (NASDAQ:MSFT). The smallest company by market cap to set a new 52-week low was FedNat Holding (NASDAQ:FNHC). Sunlight Finl Hldgs (NYSE:SUNL) saw the most pronounced move, as shares traded down 54.56% to hit its new 52-week low. Abbott Laboratories (NYSE:ABT)'s stock made the biggest bounce back, actually moving up 0.01% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: Microsoft (NASDAQ:MSFT) shares were down 2.37% for the day, having made a 52-week low