Nuveen High Income 2023 Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--nuveen corporate income 2023 target term fund (nyse: jhaa) completed its termination and liquidation following the close of business on december 1, 2023. the termination and liquidation was performed in accordance with the fund's investment objectives and organizational documents, consistent with the fund's previously announced liquidation plans. jhaa launched on december 18, 2018 as a short duration strategy that invested primarily in high yield corporate debt securi.

New york--(business wire)--nuveen corporate income 2023 target term fund (nyse: jhaa) today announced new details concerning its liquidation. consistent with its investment objectives and organizational documents, the fund plans to terminate its existence and liquidate on or about december 1, 2023. as the fund approaches liquidation, its common shares will continue trading on the new york stock exchange through november 24, 2023 and will be suspended from trading before the market opens on nove.

We review CEF market valuation and performance through the first week of June and highlight recent market action. CEFs finished in a strong fashion, partly reversing the weakness over May. With a weak May behind us, we take a look at seasonality and whether "sell in May" works in CEFs.

Nuveen Corporate Income 2023 Target Term is a Nuveen target term fund allocated mostly to BBB/BB-rated corporate bonds. JHAA is expected to terminate this December, which offers a potential opportunity given the fund continues to trade at a discount. Adding up all the fund's key performance drivers into December, we come up with a roughly 10% yield opportunity.

JHAA is a target term corporate income fund due to terminate in 2023. I predict that it could provide a relatively safe ~5% yield at least for the next two years.

Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week. Commodities continue to rally, energy also puts in a strong performance.

Portfolio manager responsibilities for twelve closed-end funds have been updated. Michael Ainge, Anders Persson, Bernard Wong and Jenny Rhee are being removed as portfolio managers from several funds. Jake Fitzpatrick, Chris Williams and Kevin Lorenz are being added as portfolio managers to several funds. Portfolio manager changes by fund are detailed in the table below. There will be no impact on the investment approach, investment strategies or any of the fund’s investment objectives or policies.

The high-yield sector has proven relatively resilient this year owing to its long duration profile. However, with the bulk of credit spread widening now retraced, it makes sense to take some chips off the table and lighten up on risk in the sector.

The Fund Board of the Nuveen High Income 2023 Target Term Fund (NYSE: JHAA) and Nuveen High Income November 2021 Target Term Fund (NYSE: JHB) has approved changes to each Fund’s name to "Nuveen Corporate Income 2023 Target Term Fund" and "Nuveen Corporate Income November 2021 Target Term Fund", respectively.

Markets on the week were little changed, but did end on a down note and some friction boiling up again on the trade front. We discuss the closed-end fund news o

LiveXLive Media, Inc. (NASDAQ: LIVX) ("LiveXLive" or the "Company"), a global digital media company focused on live entertainment, announced today that it will stream Elvis Duran's 'Stay At Home Ball' featuring 50+ appearances and performances on Friday, April 24th from 8-11 p.m. ET/5-8 p.m. PT benefiting Project C.U.R.E. After the success of LiveXLive's 'Music Lives' 48-hour nonstop global music digital festival and its co-stream of Global Citizen and World Health Organization's "One World: Together At Home" special LiveXLive has become a must-stop for partners looking to live stream mini-festivals. The company continues the momentum by partnering with iHeartMedia and Elvis Duran to bring an all-star roster of performers to LiveXLive's streaming platform for fans across the globe.