Nuveen Floating Rate Income Fund (JFR)

Nuveen Floating Rate Income Fund (NYSEJFR) today announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund’s common shares (par value $.01 per share) (“Common Shares”) as of January 21, 2025 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a discount to the market price of the Common Shares.

The mergers of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD into Nuveen Floating Rate Income Fund (NYSE: JFRNYSE) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund’s newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds.

Common and preferred shareholders of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD, and Nuveen Floating Rate Income Fund (NYSE: JFRNYSE) 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.

The Boards of Trustees of Nuveen Senior Income Fund (NYSENSL), Nuveen Floating Rate Income Opportunity Fund NYSE: JRONYSEJRO)(NYSE: JSDNYSEJSD, and Nuveen Floating Rate Income Fund (NSYE: JFR) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine each of NSL, JRO, and JSD into JFR. The mergers are intended to create a larger fund with lower net operating expenses, enhanced earnings potential, and increased trading volume on the exchange for common shares.