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Nuveen Preferred and Income Term Fund (JPI)

Specialty Equity Funds - Preferred Equity

Data as of Sept. 20, 2023
Market Price $17.25 (- $0.01)
NAV (Sept. 20, 2023) $18.33 (+ $0.03)
Fund Listed NYSE
Premium / Discount -5.89% (-0.21%)
Fund Info
Inception July 27, 2012
Sponsor Nuveen Fund Advisors
Phone 800-257-8787
Location Illinois
Incorporated Massachusetts
Staggered Board Yes
Term Date Aug. 31, 2024
Objective: High current income and total return; U.S and non-U.S investment grade preferred and other income producing securities
Related Indexes
Tax-Sensitive Income Index
Preferred Equity Index
Alternative Income Index
Capital & Leverage
Outstanding Shares 22,772,419
Total Assets (Reported: July 30, 2023) $665M
Estimated Total Assets $662M
Net Assets $417M
Market Cap $393M
Portfolio Turnover 4.00%
Total Leverage 36.93%
Structural Leverage (out of total) 73.57%
Portfolio Leverage (out of total) 26.43%
Expense Ratio 3.62%
Non Lev Exp Ratio 1.44%
Rel Lev Cost 3.72%
Discount Data
Average Discount (3 Yr) -2.39%
Discount Low(3 Yr) -7.42%
Discount High(3 Yr) 4.37%
Discount Rel Range (3 Yr) 12.95%
Comp Discount 4.60
Discount St Dev (1Yr) 1.31
Z-Stat (6mo) -0.58
Z-Stat (1Yr) -0.93
Z-Stat (3Yr) -1.25
Comp Z-Stat (6mo) 0.94
Comp Z-Stat (3Yr) 0.43
Distribution Data
Market Yield 6.82%
Income Yield 6.82%
Lev Adj NAV Yield 4.69%
Distribution Frequency M
Current Distribution $0.098
Current Income $0.098
Ex-Date 9/14/23
Payable Date 10/2/23
Div Growth (3yr) -24.90%
Dividend Change -14.8% on 4/3/23
Expected Div 10/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.24%
Tax Dividend Data 2022 2020 - 2022
Income 100% 99.1%
ST Gains 0% 0%
QDI 100% 99.1%
LT Gains 0% 0%
RoC 0% 0.9%
Volume & Liquidity
Average Daily $ (K) $961
Avg Volume 30 day 37,685
Avg Volume 90 day 55,730
Volume Trend -32.38%
Comp Volume Trend -24.69%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Preferred Equity Index
Most Correlated Peer (Mk Pr): JPS 88.0%
NAV - Price Correlation (30 d) 62.0%
NAV - Price Correlation (90 d) 89.3%
NAV - Price Correlation (1 Yr) 98.1%
Price St Dev (1Yr) 15.5%
NAV St Dev (1Yr) 12.4%
Earnings / Share (7/31/23) $0.101
Earn Coverage 103.16%
Earnings Trend Down
UNII / Share (7/31/23) $-0.078
Rel UNII -6.61
UNII Trend Down
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Preferred Equity Index

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NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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