|Bid||14.75 x 1000|
|Ask||14.76 x 900|
|Day's Range||14.71 - 14.76|
|52 Week Range||13.53 - 16.25|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||1.16 (7.89%)|
|1y Target Est||N/A|
Moody's Investors Service ("Moody's") has assigned a Aa3 rating to $100 million of Taxable Fund Preferred Shares ("Series A TFP Shares ") issued by Nuveen Short Duration Credit Opportunities Fund. Total assets of Nuveen Short Duration Credit Opportunities Fund will remain at approximately $275 million, and leverage will be approximately 39%. The Aa3 rating on the new preferred shares reflects JSD's meaningful over-collateralization levels relative to its preferred shares as measured by adjusted leverage and its strong capacity to service its obligations as measured by fixed charge coverage.
Nuveen today announced that the Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) has issued $100 million of Taxable Fund Preferred Shares (TFP Shares) in a private placement. The Fund will use the net proceeds from the sale of the TFP Shares, along with cash already held by the Fund, to redeem all of the Fund’s outstanding Series 2020 Term Preferred Shares and to reduce borrowings under the Fund’s credit facility.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nuveen Short Duration Credit Opportunities Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review 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.