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Nuveen Pref & Income Securities Fund - JPS STOCK NEWS

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

Nuveen Preferred Securities Income Fund (JPS) offers investors a centralized news resource for this income-focused preferred securities portfolio. Managed by Nuveen—a century-old global asset manager—this page aggregates official updates and market analyses related to JPS's performance and strategy.

Investors and financial professionals will find timely information on portfolio adjustments, dividend declarations, and risk management approaches. The collection serves as a strategic tool for monitoring the fund's pursuit of current income generation and capital preservation objectives.

Content spans earnings reports, regulatory filings, and commentary on preferred securities market trends. Updates also cover Nuveen's environmental and governance initiatives within JPS's investment framework. Bookmark this page for streamlined access to verified information supporting informed investment decisions.

Rhea-AI Summary
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 Securities Fund

NYSE:JPS

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1.28B
0%
24.82%
0.11%
Asset Management
Financial Services
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United States
Stamford