Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund (the Fund) is a closed-end management investment company. The Fund seeks to achieve a high level of current income by investing in secured senior loans and unsecured senior loans. The Company invests in adjustable-rate loans, which provide a potential hedge against rising short-term rates. Under normal market circumstances, the Fund will invest at least 80% of its managed assets in adjustable-rate loans. In addition, the Fund invests at least 65% of its managed assets in senior loans that are secured by specific collateral. Its other loans include unsecured senior loans and secured and unsecured subordinated loans. The sectors covered by the portfolio include hotels, restaurants and leisure; software; media; health care providers and services, and oil, gas and consumable fuels. It also invests in the United States, Canada, the United Kingdom, Luxembourg, and the Netherlands. Nuveen Fund Advisors, LLC, is the Fund’s investment adviser.