Nuveen Floating Rate Income Fund Names Coale Mechlin as Portfolio Manager

Nuveen Floating Rate Income Fund (NYSE: JFR) recently announced the appointment of Coale Mechlin as a portfolio manager for the company, effective December 30, 2024. Mechlin, who is currently a portfolio manager on Nuveen’s Leveraged Finance investment team, will be focusing on the platform’s bank loan strategies in his new role.

Having joined Nuveen in 2017 as a research analyst covering the Technology sector, Mechlin brings a wealth of experience to his new position. Prior to his tenure at Nuveen, he served as a high yield/senior loan capital markets associate for J.P. Morgan and worked as an analyst at the UBS Investment Bank. Mechlin is an alumnus of Wesleyan University, holding a B.A. in Economics.

It is worth noting that Mechlin’s appointment does not bring about any changes in Nuveen Floating Rate Income Fund’s existing investment objectives or policies.

This update was shared in a recent filing with the Securities and Exchange Commission pursuant to a Form 8-K. For further details, interested parties can refer to the official filing on the SEC’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Nuveen Floating Rate Income Fund’s 8K filing here.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.