Loading…
Loading…
JRO (Nuveen Floating Rate Income Opportunity Fund) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, 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valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
See exactly how JRO's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for JRO and 80,000+ other tickers.
The Nuveen Floating Rate Income Opportunity Fund operates as a closed-end mutual fund, initially established by Nuveen Investments, Inc., and jointly managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. This fund primarily allocates its capital to senior, adjustable-rate loans within the fixed income markets of the United States. Its performance is benchmarked against both the Barclays U.S. Aggregate Bond Index and the CSFB Leveraged Loan Index. Formed on April 27, 2004, the fund is legally domiciled in the United States.
NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (collectively with certain of its affiliates, “Saba” or “we”) today commented on the outcome of the lawsuit brought in the United States Court of Appeals for the Second Circuit (the “Court”) by five closed-end funds advised by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC (collectively, “Nuveen”) – the Nuveen Floating Rate Income Fund (NYSE: JFR), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short Duration.
NEW YORK--(BUSINESS WIRE)--The mergers of Nuveen Senior Income Fund (NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), and Nuveen Short Duration Credit Opportunities Fund (NYSE: JSD) into Nuveen Floating Rate Income Fund (NYSE: JFR) were successfully completed prior to the opening of the New York Stock Exchange on July 31, 2023. The fund's newly consolidated portfolio contains approximately $2 billion in investments—the largest among listed senior loan closed-end funds. Thro.
We review CEF market valuation and performance through the second week of July and highlight recent market action. CEFs had a good week overall as NAVs gained, however, discounts remain sluggish. The net income profile of some CEFs has turned negative, owing to a high cost of leverage.
Nuveen announced the merger of its senior loan funds: NSL, JRO, JSD and JFR. The merger is slated to close July 31, 2023. Currently, arbitrage opportunities are slim.
Nuveen is set to merge four of its floating rate loan funds: Nuveen Senior Income Fund, Nuveen Floating Rate Income Opportunity Fund, Nuveen Short Duration Credit Opportunities Fund, and Nuveen Floating Rate Income Fund. This consolidation is seen as beneficial for both Nuveen and shareholders, as it will allow the fund manager to have a unique offering in the leveraged loan space and could result in tighter discounts to NAV. The article discusses potential merger arbitrage opportunities, and provides a roadmap for JRO shareholders in light of the upcoming merger.