Nuveen Floating Rate Income Fund shares rise 9.58% premarket after Newmark's largest student housing portfolio sale in the U.S.

Nuveen Floating Rate Income Fund rose 9.58% in premarket trading, with Newmark Group, Inc. announcing the sale of a five-property student housing portfolio comprising 1,248 units and 3,693 beds across four states. This transaction marks the largest student housing portfolio sale in the U.S. so far this year.