Welcome to our dedicated page for Nuveen Credit Strategies Income Fund news (Ticker: JQC), a resource for investors and traders seeking the latest updates and insights on Nuveen Credit Strategies Income Fund stock.
Nuveen Credit Strategies Income Fund (JQC) is a diversified closed-end management investment company that aims to provide high current income and total return for its investors. The fund achieves its objectives by investing in a variety of managed assets, including senior secured and second lien loans, high yield bonds, convertible securities, and other income-producing instruments. This approach allows the fund to capitalize on different opportunities within the capital structure of various companies, thereby enhancing its income-generating capabilities.
Nuveen, the investment manager behind JQC, is one of the world's largest asset managers. Serving institutions, financial intermediaries, and individual investors in more than 30 countries, Nuveen offers a wide range of investment expertise across public and private asset classes. The firm prides itself on creating outcome-focused solutions in partnership with advisors and consultants, helping investors achieve a more secure financial future.
Recognized as a leader in income generation, alternative investments, and responsible investing, Nuveen boasts award-winning capabilities. Their investment approach is characterized by a diversity of thought and a network of specialized investment teams with independent processes and best-in-class expertise. As the investment manager of TIAA, Nuveen honors a century-long legacy of service and innovation, inspired by the principles of its founders, John Nuveen and Andrew Carnegie. This legacy, combined with the firm's size, scale, and private ownership, uniquely positions Nuveen to offer meaningful contributions to its investors.
Nuveen Credit Strategies Income Fund (NYSE: JQC) has suspended its capital return plan and implemented a new level distribution policy to provide stable cash flow. The fund will distribute a monthly amount of 0.0385 per share, yielding 7.13% on market and 6.65% on NAV. The record date for this distribution is October 15, 2021, with an ex-dividend date of October 14, 2021 and payable date on November 1, 2021. The distribution sources may include net investment income and capital gains, underscoring the fund's commitment to return value to shareholders.
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