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

Albin F. Moschner, a trustee of Nuveen Floating Rate Income Fund, acquired 6,903.2 shares of common stock at $8.20 per share through the exercise of subscription rights.

Summary

• On February 25, 2025, Albin F. Moschner, a trustee of Nuveen Floating Rate Income Fund (JFR), acquired 6,903.2 shares of common stock.
• The acquisition was made through the exercise of subscription rights allocated to Moschner in a pro rata rights offering by the issuer.
• The price per share was $8.20.
• Following the transaction, Moschner directly owns 34,516.2 shares of common stock.
• The acquisition of the rights was exempt from Section 16 by virtue of Rule 16a-9(b), and the acquisition of shares upon exercise of the rights was exempt from Section 16(b) by virtue of Section 16b-6(b).

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of a transaction. The trustee's purchase could be seen as slightly positive, but it's not a strong indicator.

Positives

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

Industry Context

This filing is a routine disclosure related to insider transactions, which are common in the investment management industry. Trustees and officers often hold shares in the funds they manage or oversee.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates