JPI: Some Things To Like, But Might Only Be A Short-Term Play (NYSE:JPI) - Seeking Alpha

The Nuveen Preferred & Income Term Fund (NYSE:JPI) is a closed-end fund, or CEF, that can be employed by income-focused investors who are seeking to maximize the income that they receive from their portfolios. As the name of the fund suggests, the Nuveen Preferred & Income Term Fund seeks to accomplish this task by investing primarily in fixed-income securities, which unfortunately means that its ability to protect against inflation is relatively limited. After all, as I have pointed out in numerous previous articles (such as this one), fixed-income securities do not appreciate in price due to inflation because they have no connection to the net income or cash flow growth of the issuing company.

seekingalpha.com     Jun 06, 2024