JGH: Further Upside Possible, But Likely Limited [Seeking Alpha]
Nuveen Global High Income Fund Common Shares of Beneficial Interest (JGH)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=jgh
Company Research
Source: Seeking Alpha
JGH: Further Upside Possible, But Likely Limited Main Thesis The purpose of this article is to evaluate the Nuveen Global High Income Fund ( JGH That said, further upside remains possible, as JGH trades at a discount to its NAV of over 12%, which should interest value-oriented investors. However, the fund also has some negative attributes. While its discounted price looks attractive on the surface, it is not uncommon for JGH to have such a large discount, and it is actually more expensive than its short-term average. Furthermore, the income offered by the fund has declined going forward. While the high-yield sector as a whole is offering a lower yield due to the rising prices of the assets, JGH also suffered a distribution cut back in March. While the cut was not large, it is still significant, as it puts into question the fund's longer term reliability when it comes to income. Background First, a little about JGH. The fund's stated objective review. Discount Shrinks As Investors Rota
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Sec Filings
- 4/5/24 - Form 8-K
- 3/15/24 - Form N-CEN
- 3/11/24 - Form 3
- JGH's page on the SEC website