Nuveen Core Plus Impact Fund
NPCT
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Drive, Chicago MA United States of America 60606
- IPO Date
- Apr 28, 2021
- CIK
- 0001835068
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Core Plus Impact Fund (NPCT) is a diversified, closed-end management investment company that seeks total return through high current income and capital appreciation, investing primarily in fixed-income securities while giving special consideration to certain impact and environmental, social and governance (ESG) criteria. The Fund invests across a multi-sector fixed-income portfolio, including investment-grade corporate bonds, high-yield corporate bonds (up to 50% of managed assets in below investment-grade securities rated BB+/Ba1 or lower, with no more than 10% in CCC/Caa or lower), mortgage-backed securities, asset-backed securities, emerging market debt (up to 30% of managed assets), and select government obligations; it employs a core-plus strategy with leverage and maintains a 12-year term structure with potential conversion to perpetual. Launched via initial public offering in 2021, raising $575 million, the Fund is managed by Nuveen Fund Advisors, LLC, a subsidiary of Nuveen, a TIAA company, and is headquartered in Chicago, Illinois. In early 2024, the Fund increased its monthly distribution rate from $0.0915 per share to $0.119 per share, boosting the annualized yield to approximately 12.8%, reflecting a strategic enhancement to its high current income objective amid activist pressure addressing its trading discount to net asset value. The Fund targets institutional and retail investors seeking sustainable fixed-income exposure with measurable social and environmental benefits across themes such as affordable housing, community and economic development, renewable energy, climate change, and natural resources, with global operations including unrestricted investments in foreign issuers.