Preferred Securities
NPFD: Discount Remains Unappealing And In The Wrong Environment
Nuveen Variable Rate Preferred & Income Fund remains a 'Hold' as rate sensitivity and a modest discount limit appeal. Despite its name, NPFD is mostly fixed-to-fixed rate preferreds, resulting in a leveraged-adjusted effective duration of 5.53 years leading to meaningful interest
Seeking Alpha · Sep 15 · 05:37 UTC ↗
NPFD · Preferred Securities