Key information

🔎 Fund Overview

Nuveen Preferred and Income Term Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of current income and total return. The Fund seeks to provide a high level of current income and total return by investing at least 80% of its managed assets in preferred and other income-producing securities issued by United States and non-United States companies, including hybrid securities such as contingent capital securities, with a focus on securities issued by financial and insurance firms. The Fund invests up to 20% of its managed assets in securities issued by federal, state and local governments and United States government agencies. The Fund also invests up to 10% of its total assets in securities of other open- or closed-end investment companies, including exchange-traded funds (ETFs). The Funds’ investment adviser is Nuveen Fund Advisors, LLC.