Nuveen Senior Loan Closed-End Funds Announce
NEW YORK, January 19, 2023 – The Boards of Trustees of Nuveen Senior Income Fund
(NYSE: NSL), Nuveen Floating Rate Income Opportunity Fund (NYSE: JRO), Nuveen Short
Duration Credit Opportunities Fund (NYSE: JSD), and Nuveen Floating Rate Income Fund
(NSYE: JFR) have approved a proposal to merge the funds. The proposed mergers, if approved
by shareholders, would combine each of NSL, JRO, and JSD into JFR. The mergers are intended
to create a larger fund with lower net operating expenses, enhanced earnings potential, and
increased trading volume on the exchange for common shares.
The proposed mergers of the funds are subject to certain conditions, including necessary
approval by the funds’ shareholders. Detailed information on the proposed mergers will be
contained in proxy materials with respect to the Annual Meeting of Shareholders expected to be
filed in the coming weeks. The mergers are not contingent on each other.
Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under
management across 56 CEFs as of 30 Sep 2022. The funds offer exposure to a broad range of
asset classes and are designed for income-focused investors seeking regular distributions.
Nuveen has more than 35 years of experience managing CEFs.