Form 4: Nuveen Floating Rate Income Fund Trustee Acquires Shares Through Rights Offering

Terence J. Toth, a trustee of Nuveen Floating Rate Income Fund, acquired 744 shares of common stock through the exercise of subscription rights.

Summary

• Terence J. Toth, a trustee of Nuveen Floating Rate Income Fund (JFR), acquired 744 shares of common stock on February 25, 2025.
• The shares were acquired through the exercise of subscription rights at a price of $8.2 per share.
• Following the transaction, Toth directly owns 4,464 shares of JFR.
• The subscription rights were acquired in a pro rata rights offering conducted by the issuer.
• Toth has granted power of attorney to Kevin J. McCarthy, Christopher M. Rohrbacher and Mark L. Winget to execute Forms 3, 4, and 5 on his behalf.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of insider trading activity. The trustee's purchase could be seen as mildly positive, but it's not a significant event.

Positives

• The trustee's acquisition of shares could be interpreted as a positive signal, indicating confidence in the fund's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when insiders of a company (such as trustees, officers, or directors) buy or sell the company's securities. These filings provide transparency to the market regarding insider transactions.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders.
• The information disclosed is consistent with what is expected in such filings.

Stakeholder Impact

• The transaction may have a minor positive impact on shareholder sentiment due to the trustee's increased investment.

Key Dates