JFR Stock Recent News

Although double-digit yields were normal during the 1980s, lower interest rates and a robust stock market have rendered yields of 10% or higher obscure.

JFR offers a high 12.2% yield, benefiting from the current elevated interest rate environment, making it attractive for income-focused investors. The fund is diversified across 384 positions, primarily in senior loans, but carries significant credit risk due to heavy exposure to below-investment-grade borrowers. JFR trades at a 5% discount-to-NAV, and while price appreciation is possible if rates fall, distributions may decrease in a lower-rate scenario.

We've got a rare “delayed reaction” income play on our hands right now. Thanks to the April stock-market plunge, we can now pick up 12%+ dividends at attractive discounts.

The Nuveen Floating Rate Income Fund is currently oversold due to market reactions, presenting a tactical 'Buy' opportunity with a potential +5% bounce. JFR's valuation has been impacted by tariff concerns, despite strong economic fundamentals and a stable NAV, leading to a -12% discount to NAV. The fund's yield is projected to adjust to around 10% due to anticipated Fed rate cuts, but defaults remain low and the economy robust.

U.S. senior floating rate loans offer unique protection against interest rate volatility along with high yield, making them a valuable diversifier in income-focused portfolios. Explore the benefits of senior loans and Nuveen's strategy and outlook with Nuveen Head of Senior Loans Scott Caraher. Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions including the Nuveen Floating Rate Income Fund.

We review the CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had a strong week, driven by rallies in stocks and Treasuries, with higher-beta MLP and REIT sectors leading. Nuveen Floating Rate Income Fund's rights offering is discussed, emphasizing the importance of either selling or exercising the rights.

JFR announced a transferable rights offering, allowing existing shareholders to purchase new shares at a discount. This move will increase the fund's assets under management (AUM) and liquidity but may cause short-term price weakness. The fund remains heavily weighted towards leveraged loans (84% of holdings) with a low duration of 0.44 years and high leverage (38%).

NEW YORK--(BUSINESS WIRE)--Nuveen Floating Rate Income Fund (NYSE: JFR) today announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund's common shares (par value $.01 per share) (“Common Shares”) as of January 21, 2025 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a discount to the market price of the Common Shares. After considering.

Floating rate funds like JFR offer decent distribution yields and should continue to do so despite expected rate cuts, as rates aren't expected to go back to zero. JFR remains relatively attractive compared to peers in the closed-end fund senior loan space, though bargain valuations are tougher to come by in this space. With a high amount of leverage, there is relatively more risk to be cognizant of here, but that can come with greater reward as well.

Nuveen Floating Rate Income Fund focuses on high-yielding fixed income securities, which enables the Fund to offer ~11% yield. A major driver for the double-digit yield is a significant concentration in below investment grade securities. Plus, most of JFR's investments are in floating rate instruments and the FOMC dot plot indicates a potential risk of yield compression.