|Bid||9.50 x 1000|
|Ask||9.51 x 1400|
|Day's Range||9.49 - 9.52|
|52 Week Range||7.78 - 9.82|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.69 (7.19%)|
|Ex-Dividend Date||Jun 14, 2021|
|1y Target Est||N/A|
Several Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the adoption of a level distribution policy. Under the new policy, the Funds are increasing their current distribution rates as outlined below. The following dates apply to today’s declaration:
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nuveen Floating Rate Income Opportunity Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service, ("Moody's") has assigned an Aa3 rating to new preferred securities issued by Nuveen Floating Rate Income Opportunity Fund (ticker: JRO), a closed-end fund registered under the Investment Company Act of 1940 with approximately $597 million of assets under management. The transaction is expected to be leverage neutral, as JRO will use the proceeds of the issuance to redeem outstanding preferred shares and to pay down a portion of its outstanding senior debt. The assignment of a Aa3 rating to the new preferred share issuance reflects that this transaction will not result in an increase in the fund's effective leverage.