Nuveen Floating Rate Income Opportunity Fund ETF

Nuveen Floating Rate Income Opportunity Fund is an closed-end investment fund. Its investment objective is to achieve a high level of current income by investing its managed assets in adjustable rate loans. The company was founded on April 27, 2004 and is headquartered in Chicago, IL.

Nuveen Floating Rate Income Fund

NEW YORK--(BUSINESS WIRE)--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.

U.S. Court of Appeals for the Second Circuit Upholds that Nuveen-Advised Closed-End Funds Violated the Investment Company Act of 1940

Nuveen Short Duration Credit Opportunities Fund

Nuveen Senior Income 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

Nuveen is set to merge four of its floating rate loan funds: Nuveen Senior Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, and Nuveen Floating Rate Income Fund. This consolidation is seen as beneficial for both Nuveen and shareholders, as it will allow the fund manager to have a unique offering in the leveraged loan space and could result in tighter discounts to NAV. The article discusses potential merger arbitrage opportunities, and provides a roadmap for JRO shareholders in light of the upcoming merger.

JRO: Potential Merger Arbitrage Opportunities

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

Highland Income Fund

Only funds with yields over 8%, coverage higher than 90%, and trading at a discount are considered. Top lists of discount, yield, DxY, and DxYxZ are given. The top DxY funds are HFRO, JSD, and JRO.

The 'High-High-Low' Closed-End Fund Report, May 2023

As the Fed looks to continue to raise interest rates in 2023, floating rate funds like JRO stand to benefit and offer well-covered high yield income. At a discount to NAV of more than -10% and a monthly distribution of $0.074 yielding 11%, JRO is a Buy.

JRO: Not Too Late To Take Advantage Of Rising Rates

JRO offers income investors a level monthly distribution that yields 10.5% annually based on the recently raised distribution of $0.074. The JRO fund trades at a discount to NAV and benefits from rising interest rates due to its senior secured loans that are mostly floating rate.

JRO: Floating Rate Loan Fund Offers Income Opportunity

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

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

JRO is a closed end fund investing in senior floating rate loans. The fund has historically robust Sharpe and standard deviation metrics but utilizes significant leverage.

JRO - 6.95% Yield From This Nuveen Loan Fund

Apollo Tactical Income Fund, Inc.

BlackRock 2022 Global Income Opportunity Trust

Blackstone Long-Short Credit Income Fund

BlackRock Multi-Sector Income Trust

Blackrock Limited Duration Income Trust

Blackstone/GSO Senior Floating Rate Term Fund

MFS Intermediate High Income Fund

BNY Mellon High Yield Strategies Fund 

Eaton Vance Short Duration Diversified Income Fund

PGIM Global High Yield Fund

Western Asset High Income Fund

Pioneer Diversified High Income Trust

PGIM High Yield Bond Fund

Neuberger Berman High Yield Strategies Fund Inc

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Pioneer Floating Rate Trust

Pioneer High Income Trust

PGIM Shrt Duratin Hgh Yld Opprtnts Fund

Invesco High Income Trust II

These are some options that I think you can buy today if you own the selling candidate. Some of the buy candidates on here I would even buy outright if I didn't own the "sell."

Some Relative CEF Value Trades And Opportunities

Barings Global Short Duration High Yield Fund

Blackrock Core Bond Trust

BlackRock Credit Allocation Income Trust

Brandywine Global Income Opportunities Fund Inc

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

Blackrock Debt Strategies Fund Inc

Closed-End Funds: Senior Loan Funds Revisited

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.

News for Nuveen Floating Rate Income Opportunity Fund ETF ETF (JRO)