Equity CEFs: 40%+ Swap Idea [Seeking Alpha]
Nuveen Core Equity Alpha Fund Nuveen Core Equity Alpha Fund Common Shares of Beneficial Interest (JCE)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jce
Company Research
Source: Seeking Alpha
Equity CEFs: 40%+ Swap Idea Summary I doubt too many investors have noticed that the Delaware Investors Dividend & Income fund (DDF) has taken steps to prepare for a Rights Offering. And with DDF at a unbelievable 37% market-price premium, there's a long ways to fall when word gets out that up to an $82.6 million offering is in-the-works. Just a suggestion. Sell your DDF immediately and swap it into the Nuveen Core Equity Alpha fund (JCE). I really don't have a bone to pick with the $15.08 market price, $11.01 NAV, 37% market price premium, 7.2% current market yield no way so And DDF should Registration Fee Calculation Filing For DDF I frankly don't know how this fund is still north of $15 when there is a very real -25% downside potential from here. CEFs are not like stocks in which a price can be a subjective measure. In Closed-End funds, the value, as represented by the NAV, is non-negotiable and unless the fund has $4/share of NAV hidden somewhere or is underpricing the portfolio
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Sec Filings
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- JCE's page on the SEC website