Nuveen Credit Strategies Income FundJQC
JQC
About: Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. The fund meets its investment objectives by investing its managed assets in senior secured and second lien loans, and its managed assets across the capital structure of companies (including equity securities) with a primary emphasis on high yield bonds, convertible securities and other forms of income-producing securities.
0
Funds holding %
of 7,425 funds
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Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
337% more capital invested
Capital invested by funds: $222M [Q3] → $971M (+$749M) [Q4]
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
5% more funds holding
Funds holding: 140 [Q3] → 147 (+7) [Q4]
1.0% less ownership
Funds ownership: 28.62% [Q3] → 27.62% (-1.0%) [Q4]
13% less repeat investments, than reductions
Existing positions increased: 42 | Existing positions reduced: 48
50% less funds holding in top 10
Funds holding in top 10: 2 [Q3] → 1 (-1) [Q4]
Research analyst outlook
We haven’t received any recent analyst ratings for JQC.
Financial journalist opinion
Based on 4 articles about JQC published over the past 30 days
Neutral
Business Wire
23 hours ago
Nuveen Credit Strategies Income Fund Announces the Preliminary Results of Rights Offering
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) (the “Fund”) today announced the preliminary results of its transferable rights offering (the “Offer”) which expired at 5:00 p.m., Eastern time, on April 29, 2025 (the “Expiration Date”). The Offer entitled the rights holders to subscribe for additional common shares of the Fund (“Common Shares”). The Offer is expected to result in the issuance of approximately 12.2 million Common Shares (including notices of guaranteed.
Neutral
Seeking Alpha
6 days ago
JQC Rights Offering Underway - Here's What To Do
Nuveen Credit Strategies Income Fund's 1-for-5 rights offering has a subscription price based on the higher of 90% of NAV or 95% of the average closing price. The "higher of" condition prevents a vicious cycle of discount widening, effectively creating a discount floor and limiting how wide the discount can get. Investors should not subscribe if JQC's discount widens beyond -10%, as it would be cheaper to purchase the fund on the open market.
Positive
Seeking Alpha
2 weeks ago
CEF Insights: Navigating Senior Loans For Income
CEF Insights welcomes back Nuveen Head of Senior Loans Scott Caraher. Who shares new insights into senior loans, which continue to offer many potential benefits in today's evolving market. Gain updates on the senior loan market environment and outlook, Nuveen's strategy for income and more.
Neutral
Business Wire
3 weeks ago
Nuveen Credit Strategies Income Fund Announces Rights Offering Update
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) announced today that, in connection with the Fund's transferable Rights Offering that commenced March 31, 2025, trading of the Fund's transferrable subscription rights (“Rights”) (NYSE: JQC RT) will be suspended from trading on the NYSE effective before market open on April 7, 2025. The Rights are being suspended from trading on the NYSE due to the Rights trading at a price below $0.01. The NYSE may reinstate trading in.
Negative
Seeking Alpha
1 month ago
CEF Weekly Review: Fixed Distribution Policies Can Get Unfixed
We review the CEF market valuation and performance through the third week of March and highlight recent market action. Nearly all CEF sectors were up, with MLPs rebounding and loan funds lagging; month-to-date, most sectors remain down due to lower equity prices and wider credit spreads. Invesco credit CEFs VLT and VVR cancelled their fixed managed distribution policies with VVR price falling hard on the news.
Negative
Seeking Alpha
1 month ago
JQC: Tempting Distribution Rate, But Lack Of Coverage And Narrow Discount
Nuveen Credit Strategies Income Fund offers a high distribution rate into the double digits, but its narrow discount and weak distribution coverage raise concerns. JQC primarily invests in senior loans, high-yield corporate debt, and CLOs, with a hefty amount of leverage increasing both risk and potential returns. JQC has put up relatively strong performance against the senior loan and high-yield bond ETF benchmarks since the 'transition' but has performed more in line with other hybrid CEFs.
Neutral
Business Wire
1 month ago
Nuveen Credit Strategies Income Fund Announces Terms of Rights Offering
NEW YORK--(BUSINESS WIRE)--Nuveen Credit Strategies Income Fund (NYSE: JQC) 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 March 31, 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 considerin.
Neutral
Seeking Alpha
1 month ago
JQC: Questionable Distribution Coverage (Rating Downgrade)
I am downgrading JQC to a sell due to disappointing NAV growth and reliance on positive market momentum despite a favorable interest rate environment. JQC's portfolio is heavily weighted towards high-risk, below-investment-grade borrowers, which contributes to its poor NAV health and inconsistent distribution coverage. The fund's dividend yield is attractive at 11.7%, but its history of frequent cuts makes it unreliable for long-term income seekers.
Positive
Seeking Alpha
1 month ago
JQC: Attractive Yield, But The Fund Cannot Sustain It (Rating Downgrade)
The Nuveen Credit Strategies Income Fund offers an 11.76% yield, significantly higher than major bond indices, appealing to income-focused investors. The JQC closed-end fund's high yield raises concerns about its sustainability, especially given the Federal Reserve's expected interest rate cuts affecting floating-rate securities. Despite a recent 3.16% decline, the fund outperformed some peers but still faces risks due to its heavy investment in floating-rate securities.
Neutral
Seeking Alpha
3 months ago
JQC: This CEF Could Struggle For A Year Or Two
The Nuveen Credit Strategies Income Fund offers a high yield of 11.29%, outperforming major fixed-income indices but facing potential distribution cuts due to declining investment income. The fund's leverage at 38.23% boosts returns but also increases risk and volatility, making it less suitable for risk-averse investors. The fund's current allocation to traditional bonds exceeds its mandate, but this is not too bad since they provide more stable income.
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