Form 4: Nuveen Floating Rate Income Fund Trustee Sells 20,000 Shares

Albin F. Moschner, a trustee of Nuveen Floating Rate Income Fund, sold 20,000 shares of common stock on October 1, 2024.

Summary

• Albin F. Moschner, a trustee of Nuveen Floating Rate Income Fund (JFR), reported a transaction on SEC Form 4.
• On October 1, 2024, Moschner sold 20,000 shares of common stock at a price of $8.77 per share.
• Following the transaction, Moschner directly owns 13,400 shares of Nuveen Floating Rate Income Fund.
• The transaction was executed under a power of attorney, with Mark L. Winget signing on Moschner's behalf.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing detailing a stock sale. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

This filing is a routine disclosure of insider transactions, required by the SEC to ensure transparency and prevent insider trading. It provides investors with information about the trading activities of company insiders, which can be used to assess their confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by a trustee could be perceived negatively by shareholders if interpreted as a lack of confidence in the fund's future performance, although it could also be due to personal financial reasons.

Key Dates