NPCT: Still Paying Out More Than It Earns [Seeking Alpha]
Nuveen Core Plus Impact Fund Common Shares of Beneficial Interest (NPCT)
Company Research
Source: Seeking Alpha
NPCT's high leverage (36%) and exposure to lower-rated securities increase risk, especially in a high-rate environment. The fund's dividend yield of 11.6% is not supported by net investment income, relying on realized gains and return of capital. Continued payout excess over earnings and repeated distribution cuts signal further downside for income-focused investors. AntonioGuillem/iStock via Getty Images Overview When I previously covered the Nuveen Core Plus Impact Fund ( NPCT ), I issued a sell rating due to the fund's poor performance and elevated risk profile. Since my prior coverage, the interest rate environment This article was written by Analyst's 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
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