Nuveen Floating Rate Income Fund
About: Nuveen Floating Rate Income Fund is a diversified closed-end management investment company. Its investment objective is to achieve a high level of current income, consistent with the preservation of capital. It invests in adjustable-rate U.S. dollar-denominated secured Senior Loans.
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
300% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 4 (+3) [Q1 2025]
146% more repeat investments, than reductions
Existing positions increased: 69 | Existing positions reduced: 28
67% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 21
14.62% more ownership
Funds ownership: 26.61% [Q4 2024] → 41.23% (+14.62%) [Q1 2025]
4% more funds holding
Funds holding: 160 [Q4 2024] → 167 (+7) [Q1 2025]
43% less capital invested
Capital invested by funds: $828M [Q4 2024] → $468M (-$360M) [Q1 2025]
Research analyst outlook
We haven’t received any recent analyst ratings for JFR.
Financial journalist opinion
Positive
Seeking Alpha
7 hours ago
JFR: Income Now, Price Recovery Later
JFR offers a high 12.2% yield, benefiting from the current elevated interest rate environment, making it attractive for income-focused investors. The fund is diversified across 384 positions, primarily in senior loans, but carries significant credit risk due to heavy exposure to below-investment-grade borrowers. JFR trades at a 5% discount-to-NAV, and while price appreciation is possible if rates fall, distributions may decrease in a lower-rate scenario.
Positive
Forbes
1 week ago
3 Cheap CEFs With Yields Up To 12%
We've got a rare “delayed reaction” income play on our hands right now. Thanks to the April stock-market plunge, we can now pick up 12%+ dividends at attractive discounts.
Positive
Seeking Alpha
2 months ago
JFR: Tactical Buy After The Storm (Rating Upgrade)
The Nuveen Floating Rate Income Fund is currently oversold due to market reactions, presenting a tactical 'Buy' opportunity with a potential +5% bounce. JFR's valuation has been impacted by tariff concerns, despite strong economic fundamentals and a stable NAV, leading to a -12% discount to NAV. The fund's yield is projected to adjust to around 10% due to anticipated Fed rate cuts, but defaults remain low and the economy robust.
Neutral
Business Wire
3 months ago
Nuveen Floating Rate Income Fund Announces the Preliminary Results of Rights Offering
NEW YORK--(BUSINESS WIRE)--Nuveen Floating Rate Income Fund (NYSE: JFR) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”) which expired at 5:00 p.m., Eastern time, on February 19, 2025 (the “Expiration Date”). The Offer entitled the rights holders to subscribe for an aggregate of up to an additional 26,911,238 common shares of the Fund (“Common Shares”). The subscription price for the Common Shares to be issued was $8.20 per Common Share, whi.
Positive
Seeking Alpha
4 months ago
CEF Insights: Finding Income & Stability With Senior Loans
U.S. senior floating rate loans offer unique protection against interest rate volatility along with high yield, making them a valuable diversifier in income-focused portfolios. Explore the benefits of senior loans and Nuveen's strategy and outlook with Nuveen Head of Senior Loans Scott Caraher. Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions including the Nuveen Floating Rate Income Fund.
Positive
Seeking Alpha
4 months ago
CEF Weekly Review: Dilution Dissection In Rights Offerings
We review the CEF market valuation and performance through the third week of January and highlight recent market action. CEFs had a strong week, driven by rallies in stocks and Treasuries, with higher-beta MLP and REIT sectors leading. Nuveen Floating Rate Income Fund's rights offering is discussed, emphasizing the importance of either selling or exercising the rights.
Neutral
Seeking Alpha
5 months ago
JFR: Brace For Weakness Via This Rights Offering
JFR announced a transferable rights offering, allowing existing shareholders to purchase new shares at a discount. This move will increase the fund's assets under management (AUM) and liquidity but may cause short-term price weakness. The fund remains heavily weighted towards leveraged loans (84% of holdings) with a low duration of 0.44 years and high leverage (38%).
Neutral
Business Wire
5 months ago
Nuveen Floating Rate Income Fund Announces Terms of Rights Offering
NEW YORK--(BUSINESS WIRE)--Nuveen Floating Rate Income Fund (NYSE: JFR) 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. After considering.
Positive
24/7 Wall Street
7 months ago
These 10 Dividend Stocks Are Generating $520 In Dividend Income Every Month
According to
Negative
Seeking Alpha
7 months ago
JFR: Interest Rate Cuts Will Pressure Yield, There Are Better Plays (Downgrade)
The Nuveen Floating Rate Income Fund offers an attractive 11.50% yield, but is unlikely to maintain this due to expected Federal Reserve interest rate cuts. The fund's reliance on floating-rate senior loans means its income will decrease as interest rates decline, making its current distribution unsustainable. The fund failed to cover its distribution fully out of NII in the most recent year.
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