Nuveen today announced that the Nuveen Preferred & Income Opportunities Fund (NYSEJPC) has declared a post-merger distribution. The distribution follows the pre-merger distribution, announced on October 24, 2023.

The mergers of Nuveen Preferred and Income Fund (NYSEJPT) and Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC were successfully completed prior to the opening of the New York Stock Exchange on November 6, 2023. The fund’s newly consolidated portfolio contains nearly $4 billion in assets under management—the largest among listed preferred securities closed-end funds.

Nuveen today announced that three Nuveen Closed-End Funds have declared pre-merger distributions. The specific distribution dates and amounts are detailed below. As previously announced, common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC, have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. The pre-merger distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the closing of the mergers.

On August 2, 2021, Nuveen Preferred & Income (NYSEJPC) ...

    During Monday's morning session, 212 companies made new 52-week highs. Points of Interest: Microsoft (NASDAQMSFT) was the largest company by market cap to set...

Common and preferred shareholders, as applicable, of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC have approved a proposal to merge the funds. The mergers will combine each of JPT and JPS into JPC. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective before the market opens on November 6, 2023.

The Boards of Trustees of Nuveen Preferred and Income Fund (NYSEJPT), Nuveen Preferred & Income Securities Fund NYSE: JPSNYSEJPS)(NYSE: JPCNYSEJPC have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine each of JPT and JPS into JPC. 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.

Good morning, trader! We're starting off Monday with a breakdown of the biggest pre-market stock movers traders will want to watch!

    On Wednesday, 115 companies reached new 52-week lows. Noteworthy Points From Today's 52-Week Lows: The largest company by market cap to hit a new 52-week low...

    This morning 132 companies reached new 52-week highs. Noteworthy Mentions: The largest company by market cap to break to a new 52-week high was NVIDIA (NASDAQ:NVDA...