Closed-End Funds: One Of My Favorite Sectors Is On Sale Again [Seeking Alpha]
Nuveen Preferred Securities & Income Opportunities Fund Common Shares (JPI)
US:NYSE Investor Relations:
nuveen.com/home/corporate/media/pressroom.aspx
Company Research
Source: Seeking Alpha
Summary During the month of February, JPI's net asset value - its portfolio of fixed income securities - dropped in value by about 4%. With a dividend yield today pushing 7%, I consider JPI a reasonably good buy. After February's drubbing, there are plenty of other CEFs with far more attractive discounts to NAV than JPI. Well, February wasn't a lot of fun. The S&P 500 dropped 8.4% on the month, and we saw the fastest 10% correction in the entire history of the U.S. stock market. Ouch… I'll spare you another lengthy explanation on why the COVID-19 coronavirus either is no big deal or the beginning of the zombie apocalypse. The truth is somewhere in the middle, but that's a longer conversation for another day. Instead, I want to focus on the opportunities that crop up at times like these. The correction may or may not be over. We certainly got a break from it when the Dow jumped by 1,293 points on Monday. But regardless, the chaos of a month like February was bound to create some opport
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Sec Filings
- 10/11/24 - Form N-CEN
- 10/4/24 - Form N-CSR
- 9/25/24 - Form NPORT-P
- JPI's page on the SEC website