Nuveen Credit Strategies Income Fund (NYSE:JQC) Announces $0.05 Monthly Dividend

Judith Bessette
Agosto 13, 2017

The fund owned 81,389 shares of the financial services provider's stock after buying an additional 8,324 shares during the period.

Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IFC Holdings Incorporated FL's holdings in Nuveen Preferred Income Opportunities Fd were worth $1,262,000 as of its most recent SEC filing. Pnc Financial Services Group, Inc. now controls 7,016 shares with a value of $72,000. Finally, Nwam LLC increased its position in Nuveen Preferred Income Opportunities Fd by 22.3% in the second quarter. First Trust Advisors LP raised its position in shares of Nuveen Preferred Income Opportunities Fd by 14.1% in the second quarter. Janney Montgomery Scott LLC now owns 38,261 shares of the financial services provider's stock valued at $398,000 after buying an additional 8,771 shares during the last quarter. The value of the investment in Nuveen Preferred and Income Ter went from $58,000 to $10,000 decreasing 82.8% quarter to quarter.

The company is trading down by -0.18 percent from yesterday's close. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.065 per share by the financial services provider on Friday, September 1st. The ex-dividend date is Friday, August 11th.

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Shares last traded at $11.11 which is marginally lower than $11.28, the stock's 50 day moving average and barely below the 200 day moving average of $11.25. The dividend payment was $0.250 per share for the quarter which comes to $1.00 on an annualized basis.

ILLEGAL ACTIVITY NOTICE: "IFC Holdings Incorporated FL Has $1.26 Million Stake in Nuveen Preferred Income Opportunities Fd (JPC)" was reported by Stock Observer and is the sole property of of Stock Observer.

Nuveen Preferred Securities Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. If you are accessing this news story on another website, it was illegally stolen and republished in violation of U.S. & worldwide trademark & copyright laws. The fund primarily invests in investment grade preferred debt securities, convertible debt securities, and convertible preferred securities that are rated BBB/Baa or better by S&P, Moody's, or Fitch.

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