This is a closed-end fund that, as its name implies, invests primarily in preferred stocks (although the largest holding is US Treasuries).Symbol: JTPJTP is currently trading at a 4 percent discount to NAV (symbol: XJTPX) and pays what is currently an 8.4 percent dividend, paid monthly.I like the risk/reward, but you will do your own DD, of course. Further info is at:http://www.nuveen.com/ETF/products/fqf.aspx?fundid=JTPComments very welcome.--Fungi(a private investor with a small position in JTP.)
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