Nuveen Preferred and Income Term Fund
JPI
Market cap $474M

20.83 USD

-0.13

0.62%

At close Nov 12, 4:00 PM EST

1 day

-0.62%

5 days

-1.65%

1 month

-0.95%

3 months

4.88%

6 months

8.26%

Year to date

13.45%

1 year

22.17%

5 years

-16.31%

10 years

-10.79%

About: Nuveen Preferred and Income Term Fund is a closed-end management investment company. Its investment objective is to provide a high level of current income and total return. The company's products include mutual funds, closed-end funds, Exchange-traded funds, Multi-asset model portfolios, and others.

0

Funds holding %

of 6,759 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 8

11% more capital invested

Capital invested by funds: $118M [Q1] → $131M (+$13.2M) [Q2]

4% more funds holding

Funds holding: 68 [Q1] → 71 (+3) [Q2]

2.74% more ownership

Funds ownership: 26.83% [Q1] → 29.57% (+2.74%) [Q2]

23% less repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 22

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Research analyst outlook

We haven’t received any recent analyst ratings for JPI.

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Financial journalist opinion

CEF Weekly Review: Reverse Splits Are Never A Good Sign

We review the CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by lower Treasury yields. PIMCO Muni CEF coverage has increased - an expected outcome of its ARPS retirement. However, the size of the boost looks overdone.

CEF Weekly Review: Reverse Splits Are Never A Good Sign

CEF Weekly Review: Not Everything Is An Arbitrage

We review the CEF market valuation and performance through the third week of August and highlight recent market action. CEFs had a strong week, with most sectors finishing in the green, supported by lower Treasury yields. Tortoise plans to merge three MLP-focused CEFs into a new ETF, potentially eliminating discounts but don't call it an arbitrage.

CEF Weekly Review: Not Everything Is An Arbitrage

JPI: Now A Perpetual CEF, Implications For Shareholders

Nuveen Preferred & Income Term Fund successfully completed a tender offer, transitioning to a perpetual structure with only 37% of shareholders tendering their shares. Shareholders who tendered their shares will receive NAV for their holdings, while those who did not will continue to hold JPI and face risks associated with bank preferred equity. The corporate action led to an 8% gain for all shareholders in 2024 due to the discount to NAV moving to flat, with the CEF expected to start trading at a discount again post-transition.

JPI: Now A Perpetual CEF, Implications For Shareholders

Nuveen Preferred and Income Term Fund Announces Final Results of Tender Offer and Increase in Distribution Rate

NEW YORK--(BUSINESS WIRE)--Nuveen Preferred and Income Term Fund (NYSE: JPI) announced the final results of a tender offer. As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal to 100% of the net asset value (NAV) per share as of the close of ordinary trading on the New York Stock Exchange on the expiration date of the tender offer. The tender offer expired on August 14, 202.

Nuveen Preferred and Income Term Fund Announces Final Results of Tender Offer and Increase in Distribution Rate

Nuveen Preferred and Income Term Fund Announces Preliminary Results of Tender Offer

NEW YORK--(BUSINESS WIRE)--Nuveen Preferred and Income Term Fund (NYSE: JPI) announced the preliminary results of a tender offer. As previously announced, the fund conducted a tender offer allowing shareholders to offer up to 100% of their common shares for repurchase for cash at a price per share equal to 100% of the net asset value per share as of the close of ordinary trading on the New York Stock Exchange on the expiration date of the tender offer. The tender offer expired on August 14, 202.

Nuveen Preferred and Income Term Fund Announces Preliminary Results of Tender Offer

CEF Weekly Review: Neuberger Berman Doesn't Want To Be Left Out

We review CEF market valuation and performance through the fourth week of July and highlight recent market action. The week was mixed for CEFs with a high level of volatility. Neuberger Berman hikes Muni CEF distribution by 43%.

CEF Weekly Review: Neuberger Berman Doesn't Want To Be Left Out

Opportunities In Income Securities That Have Lagged The Rally

Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

Opportunities In Income Securities That Have Lagged The Rally

Nuveen Preferred and Income Term Fund Announces Result of Shareholder Meeting and Commencement of Tender Offer

NEW YORK--(BUSINESS WIRE)--Shareholders of Nuveen Preferred and Income Term Fund (NYSE: JPI) have approved a proposal to amend the fund's declaration of trust to eliminate the fund's term structure, subject to the completion of a tender offer. The amendment will allow shareholders the opportunity to maintain their investment in JPI and its leveraged exposure to preferred and other income producing securities in lieu of the fund's scheduled termination. JPI today commenced its tender offer, whic.

Nuveen Preferred and Income Term Fund Announces Result of Shareholder Meeting and Commencement of Tender Offer

Current Alpha Opportunities In The CEF Space

With market valuations back to expensive levels, we are looking at a number of alpha strategies in the CEF space. These include interval and term funds, relative value as well as leaning against investor flows. We highlight a number of attractive funds such as RSF, PFO, BGH and others.

Current Alpha Opportunities In The CEF Space

JPI: Some Things To Like, But Might Only Be A Short-Term Play

Nuveen Preferred & Income Term Fund primarily invests in fixed-income securities, limiting its ability to protect against inflation. The JPI closed-end fund has a lower yield than many of its peers, making it less appealing for income-focused investors. Despite the lower yield, the fund has delivered strong performance, outperforming major fixed-income indices and appreciating by 16.53% since October 2023.

JPI: Some Things To Like, But Might Only Be A Short-Term Play

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