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Nuveen Preferred &ome Opportunities Fund (Nuveen Preferred &ome Opportunities Fund) Effective Interest Rate on Debt % : 7.91% (As of Jan. 2024)


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What is Nuveen Preferred &ome Opportunities Fund Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. Nuveen Preferred &ome Opportunities Fund's annualized positive value of Interest Expense for the quarter that ended in Jan. 2024 was $57.9 Mil. Nuveen Preferred &ome Opportunities Fund's average total debt for the quarter that ended in Jan. 2024 was $731.8 Mil. Therefore, Nuveen Preferred &ome Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 was 7.91%.


Nuveen Preferred &ome Opportunities Fund Effective Interest Rate on Debt % Historical Data

The historical data trend for Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Nuveen Preferred &ome Opportunities Fund Effective Interest Rate on Debt % Chart

Nuveen Preferred &ome Opportunities Fund Annual Data
Trend Jul17 Jul18 Jul19 Jul20 Jul21 Jul22
Effective Interest Rate on Debt %
Get a 7-Day Free Trial 2.55 3.05 2.10 0.90 1.25

Nuveen Preferred &ome Opportunities Fund Semi-Annual Data
Jul17 Jan18 Jul18 Jan19 Jul19 Jan20 Jul20 Jan21 Jul21 Jan22 Jul22 Jan23 Jan24
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.84 0.86 1.57 4.76 7.91

Competitive Comparison of Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt %

For the Asset Management subindustry, Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where Nuveen Preferred &ome Opportunities Fund's Effective Interest Rate on Debt % falls into.



Nuveen Preferred &ome Opportunities Fund Effective Interest Rate on Debt % Calculation

Nuveen Preferred &ome Opportunities Fund's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Jul. 2022 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Jul. 2021 )+Total Debt  (A: Jul. 2022 ))/ count )
=-1  *  -6.938/( (583.783+525.719)/ 2 )
=-1  *  -6.938/554.751
=1.25 %

where

Total Debt  (A: Jul. 2021 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=583.783 + 0
=583.783

Total Debt  (A: Jul. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=525.719 + 0
=525.719

Nuveen Preferred &ome Opportunities Fund's annualized Effective Interest Rate on Debt % for the quarter that ended in Jan. 2024 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Jan. 2023 )+Total Debt  (Q: Jan. 2024 ))/ count )
=-1  *  -57.918/( (351.919+1111.719)/ 2 )
=-1  *  -57.918/731.819
=7.91 %

where

Total Debt  (Q: Jan. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=351.919 + 0
=351.919

Total Debt  (Q: Jan. 2024 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=1111.719 + 0
=1111.719

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is two times the semi-annual (Jan. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


Nuveen Preferred &ome Opportunities Fund  (NYSE:JPC) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


Nuveen Preferred &ome Opportunities Fund Effective Interest Rate on Debt % Related Terms

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Nuveen Preferred &ome Opportunities Fund (Nuveen Preferred &ome Opportunities Fund) Business Description

Traded in Other Exchanges
N/A
Address
333 West Wacker Drive, Chicago, IL, USA, 60606
Nuveen Preferred & Income Opportunities Fund is a diversified closed-end management investment company. Its investment objective is to provide high current income and total return. It invests its managed assets in preferred securities, and in other types of securities, primarily income-oriented securities such as corporate and taxable municipal debt and common equity.
Executives
Jack Evans other: Trustee 333 W WACKER DRIVE, C/O NUVEEN INVESTMENTS, CHICAGO IL 60606
Nathaniel T. Jones officer: Vice President and Treasurer C/O NUVEEN 333 W. WACKER DRIVE, STE 3400, CHICAGO IL 60606
Trey Iii Stenersen officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brett Black officer: Chief Compliance Officer 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
John M. Mccann officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Joanne Medero other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Lancellotta Amy B.r. other: Trustee 333 W. WACKER DRIVE, C/O NUVEEN, STE 3400, CHICAGO IL 60606
Matthew Iii Thornton other: Trustee 3610 HACKS CROSS ROAD, MEMPHIS TN 38125
Deann Morgan officer: Vice President TWO WORLD FINANCIAL CENTER, 7TH FLOOR, NEW YORK NY 10281
Jon Scott Meissner officer: Vice President 333 W WACKER DRIVE, STE 3400, CHICAGO IL 60606
Jacques M Longerstaey officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
Brian J Lockhart officer: Vice President 333 WEST WACKER DRIVE, C/O NUVEEN STE 3400, CHICAGO IL 60606
E. Scott Wickerham officer: Vice President C/O NUVEEN, STE 3400, CHICAGO IL 60606
Huffman William T. Jr. officer: President of NAM, LLC C/O NUVEEN INVESTMENTS, 333 W. WACKER DRIVE, STE. 3300, CHICAGO IL 60606
Demark L Winget officer: Vice President C/O NUVEEN INVESTMENTS, 333 W WACKER DRIVE, CHICAGO IL 60606