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Nuveen Preferred and Income  on March 25, 2023


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JPI: The Storm Has Passed For This Bank Preferred Equity CEF ...

finance

The Nuveen Preferred & Income Term Fund (NYSE:JPI) is a bank preferred equity CEF. The vehicle runs a high leverage ratio of 40% and has been negatively affected by the regional banks crisis. The turmoil has seen the fund lose -15% in the past month, a deep and sudden drawdown. From a price perspective the CEF is now below its October 2022 lows.

seekingalpha.com     Mar 25, 2023