NSL: This CEF's Discount Is About To Narrow

Jan. 21, 2023 1:19 AM ETNuveen Senior Income Fund (NSL)JFR6 Comments
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Binary Tree Analytics
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Summary

  • Nuveen Senior Income Fund is a leveraged loan CEF from the Nuveen family of funds.
  • NSL's Board of Trustees has voted on the fund to be merged into its sister fund Nuveen Floating Rate Income Fund.
  • The merger is still subject to shareholder approval, but we believe it is going to go through.
  • NSL is currently trading with a discount to NAV which is wider than JFR's, and we expect the two to converge.

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Thesis

Nuveen Senior Income Fund (NYSE:NSL) is a leveraged loan CEF from Nuveen. We have covered this fund before here, when we initiated coverage on the name. The fund is now set to be merged

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Binary Tree Analytics profile picture
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With a financial services cash and derivatives trading background, Binary Tree Analytics aims to provide transparency and analytics in respect to capital markets instruments and trades._____________________________http://www.BinaryTreeAnalytics.com

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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