Nuveen Preferred and Income Term Fund (JPI)
NYSE: JPI · IEX Real-Time Price · USD
19.43
-0.03 (-0.15%)
Jul 2, 2024, 4:00 PM EDT - Market closed

Company Description

Nuveen Preferred and Income Term Fund is a close ended balanced mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.

It invests into public equity and fixed income markets across the globe. The fund seeks to invest in stocks of companies that are operating in financial services sectors such as bank, insurance, REITs, and utility companies.

It primarily invests in preferred securities and other income producing securities including debt securities, hybrid securities, and convertible securities.

At least 60% of the fund's assets are rated investment grade i.e. BBB/Baa or better by one of the nationally recognized statistical rating organizations.

It employs fundamental and quantitative analysis, with focus a on bottom-up fundamental credit research to create its portfolio.

The fund benchmarks the performance of its portfolio against the Bank of America/Merrill Lynch Preferred Stock Fixed Rate Index.

Nuveen Preferred and Income Term Fund was founded on July 26, 2012 and is domiciled in the United States.

Nuveen Preferred and Income Term Fund
Nuveen Preferred and Income Term Fund logo
Country United States
Founded 2012
Industry Asset Management
Sector Financials
CEO Ms. Brenda A. Langenfeld C.F.A., CFA

Contact Details

Address:
333 West Wacker Drive
Chicago, Illinois 60606
United States
Phone 312-917-8146

Stock Details

Ticker Symbol JPI
Exchange NYSE
Reporting Currency USD
CIK Code 0001547994
CUSIP Number 67075A106
ISIN Number US67075A1060