Nuveen Core Plus Impact Fund flagged as sell due to shrinking NAV discount and risky 11.2% yield.

The Nuveen Core Plus Impact Fund (NPCT) is considered a sell because it pays out more than it earns, relying heavily on return of capital rather than net investment income. Its high leverage of 36.73% and aggressive dividend payouts are eroding its net asset value (NAV), with a potential 25% dividend cut needed to stabilize the fund. The fund's growth depends on lower interest rates, but until then, NAV destruction and limited upside make it an unattractive investment currently.