NPCT: Deeper Discount Adds Appeal; Lack Of Distribution Coverage Adds Caution [Seeking Alpha]
Nuveen Core Plus Impact Fund Common Shares of Beneficial Interest (NPCT)
Company Research
Source: Seeking Alpha
NPCT trades at a wide 9.05% discount, but persistent low net investment income coverage and another distribution cut raise caution. As the fund cuts its distribution and borrowing costs ease, that can help improve distribution coverage, but it's a large gap to fill, meaning more cuts are likely. This idea was discussed in more depth with members of my private investing community, CEF/ETF Income Laboratory. Learn More » DKosig/iStock via Getty Images Written by Nick Ackerman, co-produced by Stanford Chemist The Nuveen Core Plus Impact Fund ( NPCT ) provides exposure to a fixed-income and preferred portfolio with the flexibility to invest in both investment-grade and below-investment-grade credit More on my IG service At the CEF/ETF Income Laboratory , we manage closed-end fund ( CEF ) and exchange-traded fund (ETF) portfolios targeting safe and reliable ~8% yields to make income investing easy for you. Check out what our members have to say about our service. To see al
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