Nuveen Preferred Securities Closed-End Funds Announce Proposed Merger
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
Merger Proposal: The Boards of Trustees of Nuveen Preferred Securities & Income Opportunities Fund (JPI) and Nuveen Preferred & Income Opportunities Fund (JPC) have proposed a merger to combine JPI into JPC, aiming to create a larger fund with reduced operating expenses and enhanced trading volume, pending shareholder approval.
Nuveen Overview: Nuveen, managing $1.3 trillion in assets across 45 closed-end funds, focuses on providing investment solutions for income-focused investors and has over 35 years of experience in the sector.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
