Newgate Capital Management buys $11,286,354 stake in Nuveen Credit Strategies Income Fund (JQC)

Nuveen Credit Strategies Income Fund (JQC) : Newgate Capital Management scooped up 50,026 additional shares in Nuveen Credit Strategies Income Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 1,345,215 shares of Nuveen Credit Strategies Income Fund which is valued at $11,286,354.Nuveen Credit Strategies Income Fund makes up approximately 8.99% of Newgate Capital Management’s portfolio.

Other Hedge Funds, Including , Mariner Investment Group reduced its stake in JQC by selling 168,542 shares or 9.05% in the most recent quarter. The Hedge Fund company now holds 1,692,794 shares of JQC which is valued at $14,202,542. Nuveen Credit Strategies Income Fund makes up approx 4.62% of Mariner Investment Group’s portfolio.Concert Wealth Management boosted its stake in JQC in the latest quarter, The investment management firm added 4,324 additional shares and now holds a total of 35,218 shares of Nuveen Credit Strategies Income Fund which is valued at $296,888. Nuveen Credit Strategies Income Fund makes up approx 0.04% of Concert Wealth Management’s portfolio.Telemus Capital boosted its stake in JQC in the latest quarter, The investment management firm added 545 additional shares and now holds a total of 44,240 shares of Nuveen Credit Strategies Income Fund which is valued at $367,192. Nuveen Credit Strategies Income Fund makes up approx 0.04% of Telemus Capital’s portfolio.

Nuveen Credit Strategies Income Fund (the Fund) is a diversified closed-end management investment company. The Fund’s investment objectives are high current income and total return. The Fund meets its investment objectives by investing approximately 70% of its managed assets in senior secured and second lien loans and around 30% of its managed assets across the capital structure of companies (including equity securities) with focus on high yield bonds convertible securities and other forms of income-producing securities. The Fund invests in sectors such as software media diversified telecommunication services pharmaceuticals healthcare equipment and supplies real estate investment trust chemicals semiconductors and semiconductor equipment healthcare providers and services wireless telecommunication services food and staples retailing specialty retail diversified consumer services and others. The Fund’s investment adviser and manager is Nuveen Fund Advisors LLC.

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