JFR
Nuveen Floating Rate Income Fund7.77
+0.01+0.13%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
1.25BP/E (TTM)
13.88Basic EPS (TTM)
0.56Dividend Yield
0.13%Recent Filings
8-K
New portfolio manager appointed
Nuveen Floating Rate Income Fund named Coale Mechlin as portfolio manager effective December 30, 2024. Mechlin, a Nuveen veteran since 2017 with prior stints at J.P. Morgan and UBS, bolsters the leveraged finance team's bank loan oversight. No shifts in investment objectives. This addition sharpens daily strategy monitoring amid steady policies.
8-K
By-Laws control share removal
Nuveen Floating Rate Income Fund eliminated its suspended 'control share' provisions from the By-Laws on February 28, 2024, effective immediately. Previously suspended since February 24, 2022, these provisions had limited shareholder voting power on control acquisitions. The update streamlines governance without other changes. No financial impact disclosed.
8-K
Board consolidation announced
Nuveen Floating Rate Income Fund announced board consolidation across its fund complex on October 13, 2023, to streamline oversight and cut costs for shareholders. Effective January 1, 2024, the board shrinks to ten members, appointing independent trustees Thomas J. Kenny and Loren M. Starr from TC Funds boards, while Jack B. Evans and William C. Hunter retire December 31, 2023. This move promises efficiencies in operations and vendor negotiations. Yet, transitions carry oversight risks.
8-K
By-laws suspend control share provision
On February 24, 2022, the Board of Trustees of Nuveen Floating Rate Income Fund and other Nuveen closed-end funds amended their by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that invalidated it under the 1940 Act. The provision, adopted in October 2020, aimed to shield shareholders from opportunistic hedge fund takeovers like Saba Capital's challenge. The Board plans to appeal, reinstating it if successful. This move balances legal compliance while defending long-term income strategies against short-term threats.
8-K
Sub-advisory merger approved
Nuveen Floating Rate Income Fund's board approved a new sub-advisory agreement with Nuveen Asset Management on December 1, 2020, ahead of Symphony Asset Management's merger into NAM, set to close December 31. Terms mirror the existing deal, ensuring seamless portfolio management by the same team. Fees, objectives, and policies stay unchanged. Continuity prevails amid the shuffle.
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