Tortoise Investment Management Lowers stake in Nuveen Credit Strategies Income Fund (JQC)

Nuveen Credit Strategies Income Fund (JQC) : Tortoise Investment Management reduced its stake in Nuveen Credit Strategies Income Fund by 16.2% during the most recent quarter end. The investment management company now holds a total of 1,482,068 shares of Nuveen Credit Strategies Income Fund which is valued at $12,434,551 after selling 286,483 shares in Nuveen Credit Strategies Income Fund , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Nuveen Credit Strategies Income Fund makes up approximately 4.23% of Tortoise Investment 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. Shaker Financial Services sold out all of its stake in JQC during the most recent quarter. The investment firm sold 25,309 shares of JQC which is valued $212,343.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. Iowa State Bank added JQC to its portfolio by purchasing 985 company shares during the most recent quarter which is valued at $8,116.

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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