JPI / Preferred CEF Update: Global Bank Crisis Takes A Toll On The Sector

The Nuveen Preferred and Income Term Fund is a term closed-end fund that primarily invests in preferred securities. Investors are concerned about the more_horizontal

Nuveen Preferred & Income Term Fund offers a 7.07% yield, which compares respectably to most alternatives today. The JPI closed-end fund is set to exp more_horizontal

Bank failures in the U.S. and elsewhere have caused air pockets in parts of the preferreds market. We take a look at the impact of recent developments more_horizontal

Nuveen Preferred & Income Term Fund is a bank preferred equity CEF. The vehicle runs a high leverage ratio of 40% and has been negatively affected by more_horizontal

Preferreds closed-end funds continue to hold appeal for income investors due to their relatively high credit quality, modest duration, and high yields more_horizontal

The Nuveen Preferred and Income Term Fund holds a mixture of Preferreds and bonds with a planned termination on/before 8/31/2024. With a set terminati more_horizontal

We review CEF market valuation and performance through the third week of November and highlight recent market action. The CEF market was fairly flat t more_horizontal

We review CEF market valuation and performance through the second week of July and highlight recent market action. The CEF market was fairly flat on t more_horizontal