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The Nuveen Floating Rate Income Fund (JFR) had its initial public offering (IPO) on March 26, 2004. This closed-end fund is managed by Nuveen Asset Management and primarily invests in a diversified portfolio of adjustable-rate senior secured loans. JFR aims to provide a high level of current income by investing in floating-rate instruments that offer protection against interest rate risk.

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8mo ago

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