Nuveen Preferred and Income Fund (JPT) is a closed-end management investment company. The Fund seeks to provide a high level of current income, consistent with the preservation of capital. The Fund invests at least 80% of its managed assets in preferred securities and up to 20% of its managed assets in debt securities, including convertible securities. The Fund may invest up to 25% of its managed assets in securities of issuers domiciled outside the United States.
JPT trades on the New York Stock Exchange (NYSE) and was launched in 2003. As of the end of 2021, the fund's total net assets were approximately $1.1 billion, with a distribution rate of 5.66%. The fund has a relatively low expense ratio of 0.85%.
Like all closed-end funds, JPT's share price is determined by supply and demand in the market and may trade at a premium or discount to its net asset value (NAV). It is important for investors to be aware of this potential risk before investing in JPT or any closed-end fund.
Nuveen Preferred and Income Fund (JPT) is a closed-end management investment company. The Fund seeks to provide a high level of current income, consistent with the preservation of capital. The Fund invests at least 80% of its managed assets in preferred securities and up to 20% of its managed assets in debt securities, including convertible securities. The Fund may invest up to 25% of its managed assets in securities of issuers domiciled outside the United States.