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Nuveen Real Estate Income Fund (JRS) Message Board

  • humbray1 humbray1 Feb 23, 2008 11:57 AM Flag

    Just found out about jrs, not leveraged

    That's a good thing given the current market.

    However, still has taken a big hit though and nav.

    I'm kinda suprised though, that its taken the hit it has with no leverage exposure.

    I know, subprime etc..........

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    • Hate to break your bubble but JRS is 37% leveraged with auction rate preferreds. Their auctions have failed each week along with all the rest....no solution in sight. They will resist de-leveraging as long as they can but the pressure builds from the preferred holders who can't get their money out. Things will heat up if they're still frozen come tax time.

 
JRS
11.87-0.05(-0.42%)Apr 1 4:03 PMEDT