Why I'm Passing On The Nuveen Preferred & Income Opportunities Fund's 9.77% Distribution [Seeking Alpha]
Nuveen Preferred & Income Opportunities Fund (JPC)
US:NYSE Investor Relations:
nuveen.com/home/corporate/media/pressroom.aspx
Company Research
Source: Seeking Alpha
Follow Play 7min Summary The Nuveen Preferred & Income Opportunities Fund offers a high 9.77% distribution, leveraging up to 38%, but trades at only a 3% discount to NAV. JPC's portfolio includes investment-grade securities and CoCos, with significant exposure to financials, posing risks during financial crises. The distribution increase has improved trading, but may not be sustainable without selling securities, potentially decreasing value per share over time. Despite its niche strategy and high yield, the fund's minimal discount to NAV and high financial exposure lead me to rate it a sell. cagkansayin We're getting into the fall. That means it is time to look more closely at closed-end funds, as bargains appear to come up more frequently around this time of the year. The first fund I reviewed is the huge Nuveen Preferred & Income Opportunities Fund ( NYSE: JPC ). This $4 billion behemoth intends to provide its owners with income and total returns by investing in
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News
- JPC: A 9.8% Dividend Yield In Addition To Potential Capital Gains [Seeking Alpha]Seeking Alpha
- 2 High-Yielding Dividend Picks To Fund Your Retirement [Seeking Alpha]Seeking Alpha
- Nuveen Preferred & Income Opportunities Fund declares $0.0665 dividend [Seeking Alpha]Seeking Alpha
- JPC: Questionable Distribution Sustainability [Seeking Alpha]Seeking Alpha
JPC
Sec Filings
- 10/11/24 - Form N-CEN
- 10/4/24 - Form N-CSR
- 9/25/24 - Form NPORT-P
- JPC's page on the SEC website