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Nuveen Pref & Income Opps Fund - JPC STOCK NEWS

Welcome to our dedicated page for Nuveen Pref & Income Opps Fund news (Ticker: JPC), a resource for investors and traders seeking the latest updates and insights on Nuveen Pref & Income Opps Fund stock.

Nuveen Preferred & Income Opportunities Fund (JPC) delivers high current income through preferred securities and diversified debt instruments. This dedicated news page provides timely updates on fund operations, market positioning, and income distribution strategies managed by Nuveen's experienced team.

Investors will find official announcements detailing dividend declarations, portfolio rebalancing efforts, and regulatory compliance updates. Our curated news selection enables analysis of JPC's performance across varying interest rate environments and preferred security market trends.

Key updates include corporate debt exposure adjustments, taxable municipal bond allocations, and common equity position changes. Track how Nuveen's investment philosophy translates into specific fund management decisions through quarterly reports and strategic commentaries.

Bookmark this page for direct access to verified JPC developments. Monitor this income-focused closed-end fund's trajectory through primary source materials and objective third-party analysis updated as new information becomes available.

Rhea-AI Summary

Nuveen has announced a proposed merger between two of its preferred securities closed-end funds. The Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) will merge into the Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), subject to shareholder approval.

The merger aims to create a larger fund with key benefits including lower net operating expenses and increased trading volume on the exchange for common shares. Proxy materials with detailed information are expected to be filed in the coming weeks.

Nuveen currently manages $53 billion in assets across 45 closed-end funds as of December 31, 2024, with over 35 years of experience in CEF management.

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Nuveen has declared a post-merger distribution for the Nuveen Preferred & Income Opportunities Fund (NYSE: JPC). The distribution follows the pre-merger distribution announced on October 24, 2023. The record date is November 16, 2023, the ex-dividend date is November 15, 2023, and the payable date is December 1, 2023. The per-share distribution for JPC is $0.0021. This additional distribution is to ensure that the total dollar amount of the pre- and post-merger distributions received on December 1, 2023, will be equal to or greater than the prior monthly distribution of each of JPC, JPT, and JPS. Nuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion of assets under management across 51 CEFs as of June 30, 2023. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has over 35 years of experience managing CEFs.
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Nuveen successfully completed the mergers of Nuveen Preferred and Income Fund (JPT) and Nuveen Preferred & Income Securities Fund (JPS) into Nuveen Preferred & Income Opportunities Fund (JPC). The newly consolidated portfolio now holds nearly $4 billion in assets under management, making it the largest among listed preferred securities closed-end funds. The transactions were tax-free and based on the closing net asset values on November 3, 2023.
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Nuveen announces pre-merger distributions for three closed-end funds and provides details of upcoming mergers.
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Shareholders approve merger of Nuveen Preferred and Income Fund, Nuveen Preferred & Income Securities Fund, and Nuveen Preferred & Income Opportunities Fund
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The Boards of Trustees of Nuveen Preferred and Income Fund (JPT), Nuveen Preferred & Income Securities Fund (JPS), and Nuveen Preferred & Income Opportunities Fund (JPC) have approved a proposal to merge the funds. This merger aims to consolidate JPT and JPS into JPC, creating a larger fund with lower net operating expenses and increased earnings potential. The mergers are subject to shareholder approval and are not contingent on one another. As of December 31, 2022, Nuveen manages $54 billion across 55 closed-end funds, aiming at income-focused investors.

Details will be provided in proxy materials in the coming weeks. The funds anticipate that the merger will enhance trading volumes on the exchange for common shares.

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Nuveen Pref & Income Opps Fund

NYSE:JPC

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2.37B
321.70M
19.75%
0.42%
Asset Management
Financial Services
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