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Nuveen Floating Rate Income Fund (N:JFR)

Business Focus: Closed End Funds

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Insider Chart - Past 6 Months

Insider Filings

Latest 10 SEC Form 4 filings for JFR*US within the last 6 months
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Company News

Jul 31, 2023 08:00 ET
Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase
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
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Jun 23, 2023 17:01 ET
Nuveen Senior Loan Closed-End Funds Announce Shareholder Approval of Proposed Mergers
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 the market opens on July 31, 2023.
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Valuation Ratios

Industry
Sector
Beta
0.57
--
--
Price to Sales - TTM
--
9.81
3.66
Price to Book - most recent quarter
--
0.95
1.35
Price to Cash Flow per share - TTM
--
11.97
12.43
Price to Free Cash Flow per share - TTM
--
18.68
15.67
See all valuations

Business Summary

Sector:  Financials Industry:  Closed End Funds

Nuveen Floating Rate Income Fund (the Fund) is a closed-end management investment company. The Fund seeks to achieve a high level of current income by investing in secured senior loans and unsecured senior loans. The Company invests in adjustable-rate loans, which provide a potential hedge against rising short-term rates. Under normal market circumstances, the Fund will invest at least 80% of its managed assets in adjustable-rate loans. In addition, the Fund invests at least 65% of its managed assets in senior loans that are secured by specific collateral. Its other loans include unsecured senior loans and secured and unsecured subordinated loans. The sectors covered by the portfolio include hotels, restaurants and leisure; software; media; health care providers and services, and oil, gas and consumable fuels. It also invests in the United States, Canada, the United Kingdom, Luxembourg, and the Netherlands. Nuveen Fund Advisors, LLC, is the Fund's investment adviser.

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