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JPI (Nuveen Preferred Securities & Income Opportunities Fund) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
The Nuveen Preferred Securities & Income Opportunities Fund functions as a closed-end investment vehicle. Established in 2003 and based in Chicago, Illinois, its core mission is to generate significant current income and comprehensive financial growth for its shareholders.
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MIAMI & DALLAS--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, "Millrose"), the homesite option platform for residential homebuilders, and JPI, a premier developer of multifamily communities and subsidiary of Sumitomo Forestry Co., Ltd. (TSE: 1911), today announced the closing of the first acquisition in a new land banking facility established by JPI and Kennedy Lewis Investment Management (KLIM), the parent of Millrose's external manager, to fund Class A multifamily land acquisition an.
CHICAGO--(BUSINESS WIRE)--The merger of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) into Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) was successfully completed prior to the opening of the New York Stock Exchange on September 22, 2025. Through the merger, a wholly-owned subsidiary of JPC acquired substantially all of the assets and liabilities of JPI in a tax-free transaction, and common shares of JPI were converted to newly-issued common shares of JP.
The merger of JPI into JPC has been fully approved by shareholders and is scheduled to become effective on September 22, 2025. JPI will cease to exist, and its shareholders will automatically receive JPC shares on a NAV-for-NAV basis. The merger is structured as a "reorganization" under the IRS code, meaning it will not be a taxable event for JPI shareholders.
CHICAGO--(BUSINESS WIRE)--Common shareholders of Nuveen Preferred Securities & Income Opportunities Fund (NYSE: JPI) and preferred shareholders of Nuveen Preferred & Income Opportunities Fund (NYSE: JPC) have approved a proposal to merge the funds. The merger will combine JPI into JPC. Subject to the satisfaction of certain customary closing conditions, the merger is expected to become effective before the market opens on September 22, 2025. Prior to the merger, JPI may declare a pre-me.
JPI offers a high 9.8% yield and monthly income, appealing to income-focused investors, but its earnings history is inconsistent and payout sustainability is questionable. The fund currently trades at a premium to NAV, which is not justified by recent performance; historically, it has traded at a discount, making entry less attractive now. JPI is sensitive to high interest rates and holds significant leverage, amplifying both potential returns and risks, especially with exposure to below-investment-grade borrowers.