Nuveen Floating Rate Income Fund Announces Completion of Mergers and Distribution Increase
Fund merger results in the largest listed senior loan closed-end fund
Monthly distribution increased by 14%
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.
Through the mergers, a wholly-owned subsidiary of JFR acquired approximately all of the assets and liabilities of NSL,
