chamois:

Alan, if you're not familiar with the complexities of cCEF, a first step woud be to read some basic materials. The CEF Assn has some reading materials; I provide the link below.  scroll down on the right side you will find five introductory booklets of interest.

CEFA 

Each CEF has an equilibrium discount worth knowing.  Buying it at that discount or  greatercan be important.  One also nees to know the makeup of the distribution. Many closed-end funds, including the reit CEF,  often return shareholder paid in capital.  Good luck!

Greetings, Chamois, and thanks for engaging with me here.

I've read the CEFA pamphlets, and they are helpful, but I imagine the key is in being able to grasp how the variables are interacting in each situation; I'm not quite there yet.

The "equilibrim discount" concept is intriguing, and it would be very helpful if I knew how to find it. I don't see this term discussed anywhere else. Can you describe it further?

Digging deeper into the Nuveen website, I found the answer to my question about JRS. Thanks for the encouragement!

 alan