|Bid||1.4600 x 900|
|Ask||1.4600 x 3000|
|Day's Range||1.3700 - 1.4800|
|52 Week Range||0.4000 - 7.1500|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.70 (48.55%)|
|Ex-Dividend Date||Jan 13, 2020|
|1y Target Est||N/A|
Nuveen Energy MLP Total Return Fund (NYSE: JMF) and the Nuveen All Cap Energy MLP Opportunities Fund (NYSE: JMLP) announced certain changes to the Funds’ strategies in response to recent market conditions, including the continued extreme volatility in the energy sector. JMF and JMLP have eliminated financial leverage. In addition, JMLP has removed a prohibition on purchasing the largest 10 constituents by market capitalization in the Alerian MLP Index.
Recent market conditions, including the sharp sell-off of energy and energy-related securities, have led management to take certain actions impacting Nuveen Energy MLP Total Return Fund (NYSE: JMF) and Nuveen All Cap Energy MLP Opportunities Fund (NYSE: JMLP). Specifically, both funds are paying down a portion of their borrowings to reduce leverage ratios that have become elevated, especially in recent days, as a result of the sharp decline in value of portfolio holdings. In the coming weeks and months, management and the Funds’ Board of Directors will evaluate the impact of these recent market events, portfolio actions, and the reduction of leverage, on the funds, including the distribution level of each fund.