Caraher Scott C. 4

What Happened
Scott C. Caraher, a portfolio manager at Nuveen Floating Rate Income Fund (ticker: JFR), made two open-market purchases: 7,000 shares at $7.24 on 2026-03-30 ($50,681) and 7,000 shares at $7.41 on 2026-03-31 ($51,889), for a combined 14,000 shares purchased for $102,570. These were outright purchases (transaction code P), which are generally viewed as a direct buy of company shares rather than derivative activity.

Key Details

• Transaction dates and prices:
  • 2026-03-30: 7,000 shares @ $7.24 = $50,681
  • 2026-03-31: 7,000 shares @ $7.41 = $51,889
• Total purchased: 14,000 shares for $102,570.
• Shares owned after transaction: Not specified in the provided filing summary.
• Remarks: filing lists "caraherpoa.txt" (indicates a power-of-attorney filing or similar administrative note).
• Timeliness: Form filed 2026-04-24 for trades on 2026-03-30 and 03-31 — this is a late filing relative to the usual two-business-day Form 4 deadline. Late filings can reduce the timeliness value of the disclosure for investors.

Context
These were straightforward open-market purchases by a portfolio manager (not a reported options exercise or gift). Purchases by insider managers can be informative, but this filing alone doesn't explain motivation. Because the filing was submitted late, investors should weigh the information accordingly and look for any updated filings that disclose post-transaction holdings.