| CEF Weekly Review: Tender Offers Keep Generating Alpha |
We review the CEF market valuation and performance through the second week of February and highlight recent market action. Most CEF sectors rose, driven by tighter credit spreads and higher stocks, with EM Equity and Preferreds leading month-to-date gains. Virtus Total Return Fund's tender offer resulted in a high 31% pro-ration factor, generating a 6% annualized alpha, highlighting its generous buy-back terms. |
seekingalpha.com |
2025-02-21 23:50:11 |
Czytaj oryginał (ang.) |
| NMI: Why This Unleveraged Muni CEF Makes Sense Now |
The unleveraged municipal CEF, Nuveen Municipal Income, is trading at a 4.65% yield and a 7.5% discount. Despite the expectation of the Fed cutting the policy rate, unleveraged muni CEFs remain attractive options in income portfolios. NMI is a small fund with a modest 8.7 duration with a portfolio consisting of GO and revenue bonds, and an above-average holding of unrated securities. |
seekingalpha.com |
2024-03-22 13:31:06 |
Czytaj oryginał (ang.) |
| Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride |
Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride |
seekingalpha.com |
2024-03-15 01:55:17 |
Czytaj oryginał (ang.) |
| Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies |
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen. |
businesswire.com |
2023-12-01 18:15:00 |
Czytaj oryginał (ang.) |
| Nuveen Municipal Income Fund, Inc. Announces Update to Investment Policies |
NEW YORK--(BUSINESS WIRE)--The Board of Trustees of Nuveen Municipal Income Fund, Inc. (NYSE: NMI) has approved certain investment policy changes for the fund. The fund's investment objective to provide a high level of current income exempt from federal income tax remains unchanged. The policy changes grant the fund more flexibility to invest in lower rated municipal securities. The table below summarizes the changes, which are effective immediately. Description of Investment Policy Changes Cur. |
businesswire.com |
2023-09-29 20:15:00 |
Czytaj oryginał (ang.) |
| CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best |
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptionally cheap, with discounts wider than 99% of historical observations. The risk-reward in the taxable bond CEF space is on the downside, while the upside potential in municipal CEFs is significant, but dependent on a shift in Fed policy and inflation. |
seekingalpha.com |
2023-09-01 19:47:25 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: Discount Pro-Cyclicality Is Not Fully Rational |
We review CEF market valuation and performance through the first week of July and highlight recent market action. CEFs were roughly flat on the week as NAVs fell while discounts remained resilient. CEF discounts tend to be procyclical, which remains an odd but welcome feature of the CEF market. |
seekingalpha.com |
2023-07-15 12:55:25 |
Czytaj oryginał (ang.) |
| Nuveen Closed-End Funds Declare Distributions |
NEW YORK--(BUSINESS WIRE)--As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has approved the liquidation of the fund upon the fund’s originally scheduled termination date. NID intends to liquidate on or before March 31, 2023. The fund will not declare its regular monthly income distribution in March 2023 and expects to include any remaining undistributed net investment income with the fund’s final liquidating distribution. The fund anticipates making its final liquidating distribution on or about March 31, 2023. In connection with the liquidation, the fund anticipates providing an estimate of the amount of tax-exempt income included as part of the fund’s liquidating distribution. The final tax character of all distributions paid in 2023 will be reported to shareholders on Form 1099-DIV, which will be sent out in early 2024. Nuveen does not provide tax advice; investors should consult a professional tax advisor regarding their specific tax situation. Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Shareholders can expect regular distribution information to be posted on www.nuveen.com on the first business day of each month. To ensure that our shareholders have access to the latest information, timely distribution and fund updates can be subscribed to at www.nuveen.com/subscriptions, under the closed-end funds tab of the Product Documents section. You can also follow updates by navigating to the Closed-End Fund section of our Resource Center, located at www.nuveen.com/resource-center. The following dates apply to today's monthly distribution declarations for the following tax-exempt and taxable closed-end funds: Record Date March 15, 2023 Ex-Dividend Date March 14, 2023 Payable Date April 3, 2023 Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month NXP NYSE Nuveen Select Tax-Free Income Portfolio $0.0485 - NUV NYSE Nuveen Municipal Value Fund, Inc. $0.0280 - NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0390 - NMI NYSE Nuveen Municipal Income Fund, Inc. $0.0300 - NIM NYSE Nuveen Select Maturities Municipal Fund $0.0245 - NZF NYSE Nuveen Municipal Credit Income Fund $0.0430 - NMZ NYSE Nuveen Municipal High Income Opportunity Fund $0.0455 - NIQ NYSE Nuveen Intermediate Duration Quality Municipal Term Fund $0.0295 - NAD NYSE Nuveen Quality Municipal Income Fund $0.0395 - NEA NYSE Nuveen AMT-Free Quality Municipal Income Fund $0.0350 - NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund $0.0425 - NMCO NYSE Nuveen Municipal Credit Opportunities Fund $0.0525 - California NAC NYSE Nuveen California Quality Municipal Income Fund $0.0360 - NKX NYSE Nuveen California AMT-Free Quality Municipal Income Fund $0.0415 - NCA NYSE Nuveen California Municipal Value Fund $0.0290 - NXC NYSE Nuveen California Select Tax-Free Income Portfolio $0.0435 - New York NRK NYSE Nuveen New York AMT-Free Quality Municipal Income Fund $0.0345 - NAN NYSE Nuveen New York Quality Municipal Income Fund $0.0375 - NXN NYSE Nuveen New York Select Tax-Free Income Portfolio $0.0385 - NNY NYSE Nuveen New York Municipal Value Fund $0.0260 - Other State Funds NAZ NYSE Nuveen Arizona Quality Municipal Income Fund $0.0325 - NKG NYSE Nuveen Georgia Quality Municipal Income Fund $0.0270 - NMT NYSE Nuveen Massachusetts Quality Municipal Income Fund $0.0260 - NMS NYSE Nuveen Minnesota Quality Municipal Income Fund $0.0360 - NOM NYSE Nuveen Missouri Quality Municipal Income Fund $0.0255 - NXJ NYSE Nuveen New Jersey Quality Municipal Income Fund $0.0325 - NUO NYSE Nuveen Ohio Quality Municipal Income Fund $0.0275 - NQP NYSE Nuveen Pennsylvania Quality Municipal Income Fund $0.0290 - NPV NYSE Nuveen Virginia Quality Municipal Income Fund $0.0360 - Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Preferred and Income Securities JPC NYSE Nuveen Preferred & Income Opportunities Fund $0.0470 - JPI NYSE Nuveen Preferred and Income Term Fund $0.1150 - JPS NYSE Nuveen Preferred & Income Securities Fund $0.0405 - JPT NYSE Nuveen Preferred and Income Fund $0.1070 - NPFD NYSE Nuveen Variable Rate Preferred & Income Fund $0.0960 - Taxable Municipals NBB NYSE Nuveen Taxable Municipal Income Fund $0.0720 - Corporate High Yield Debt JHAA NYSE Nuveen Corporate Income 2023 Target Term Fund $0.0185 -$0.0065 Monthly Level Distributions The goal of each fund’s level distribution program is to provide shareholders with stable, but not guaranteed, cash flow, independent of the amount or timing of income earned or capital gains realized by the funds. Each fund intends to distribute all or substantially all of its net investment income through its regular monthly distribution and to distribute realized capital gains at least annually. In any monthly period, in order to maintain its level distribution amount, each fund may pay out more or less than its net investment income during the period. As a result, regular distributions throughout the year are expected to include net investment income and potentially a return of capital and/or capital gains for tax purposes. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at the time of the distribution which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization (for the full year’s distributions) contained in shareholders’ 1099-DIV forms after the end of the year. You should not draw any conclusions about the Fund’s investment performance from the amount of the distribution. A return of capital is a non-taxable distribution of a portion of a Fund’s capital. A distribution including return of capital does not necessarily reflect a Fund’s investment performance and should not be confused with “yield” or “income.” Record Date March 15, 2023 Ex-Dividend Date March 14, 2023 Payable Date April 3, 2023 Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Floating Rate NSL NYSE Nuveen Senior Income Fund $0.0435 - JFR NYSE Nuveen Floating Rate Income Fund $0.0745 - JRO NYSE Nuveen Floating Rate Income Opportunity Fund $0.0740 - JSD NYSE Nuveen Short Duration Credit Opportunities Fund $0.1110 - JQC NYSE Nuveen Credit Strategies Income Fund $0.0475 - Mortgage-Backed Securities JMM NYSE Nuveen Multi-Market Income Fund $0.0275 - JLS NYSE Nuveen Mortgage and Income Fund $0.1160 - Global High Yield Debt JGH NYSE Nuveen Global High Income Fund $0.1035 - Monthly Managed Distributions The goal of each fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy. Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the investment (previous or subsequent) when the fund’s total return exceeds distributions. For additional information about managed distributions, please see Understanding Managed Distributions. The following dates apply to today's declarations: Record Date March 15, 2023 Ex-Dividend Date March 14, 2023 Payable Date April 3, 2023 Monthly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Month Real Assets JRI NYSE Nuveen Real Asset Income and Growth Fund $0.0870 -$0.0095 National Municipal NDMO NYSE Nuveen Dynamic Municipal Opportunities Fund $0.0620 -$0.0145 Taxable Fixed Income-Multi-Sector NPCT NYSE Nuveen Core Plus Impact Fund $0.0830 -$0.0200 Information regarding each fund’s last 19(a) Distribution Notice (as of January 31, 2023) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. The following tables provide estimates of each fund’s distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The funds attribute these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. For all funds, it is estimated that the funds have distributed more than their income and net realized capital gains; therefore, a portion of their distributions may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. More details about each Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef. Data as of 1/31/2023 Current Month Fiscal YTD Estimated Sources of Distribution Estimated Sources of Distribution Estimated Percentages of Distribution 1 Per Share LT ST Return of Per Share LT ST Return of LT ST Return of Distribution NII Gains Gains Capital Distribution NII Gains Gains Capital NII Gains Gains Capital NDMO (FYE 10/31) .0765 0.0370 0.0000 0.0000 0.0395 0.2295 0.1110 0.0000 0.0000 0.1185 48.4% 0.0% 0.0% 51.6% JRI (FYE 12/31) .0965 0.0266 0.0000 0.0000 0.0699 0.0965 0.0266 0.0000 0.0000 0.0699 27.6% 0.0% 0.0% 72.4% NPCT (FYE 12/31) .1030 0.0387 0.0000 0.0000 0.0643 0.1030 0.0387 0.0000 0.0000 0.0643 37.6% 0.0% 0.0% 62.4% 1 Net investment income (NII) and capital gain amounts are as of the stated month-end date above. The following tables provides information regarding each fund’s distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions. Data as of 1/31/2023 Annualized Cumulative Inception Date Monthly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV2 Fiscal YTD Distribution Rate on NAV1 Fiscal YTD Return on NAV Fiscal YTD Distribution Rate on NAV1 NDMO (FYE 10/31) Aug-2020 .0765 .2295 11.33 -5.05% 8.10% 11.75% 2.03% JRI (FYE 12/31) Apr-2012 .0965 .0965 14.63 1.56% 7.92% 8.52% 0.66% NPCT (FYE 12/31) Apr-2021 .1030 .1030 13.21 -14.85% 9.36% 8.50% 0.78% 1As a percentage of 1/31/2023 NAV. 2 NPCT and NDMO 5 year return figure reflects the annualized since inception return on NAV Quarterly Managed Distributions The goal of each fund’s managed distribution program is to provide shareholders relatively consistent and predictable cash flow by systematically converting expected long-term return potential into regular distributions. Historical distribution sources have included net investment income, realized gains and return of capital. If a distribution includes anything other than net investment income, the fund provides a notice of the best estimate of its distribution sources at that time which may be viewed at www.nuveen.com/CEFdistributions. These estimates may not match the final tax characterization contained in shareholders’ 1099-DIV forms after the end of the year. Under a Managed Distribution policy, Nuveen closed-end funds seek to maintain a stable regular distribution amount that, over the long term, matches the fund’s total distributions paid to its total return. Investors should not draw any conclusions about a fund’s past or future investment performance from its current distribution rate or from the terms of its Managed Distribution Policy. Actual returns likely will differ from projected long-term returns, (and therefore a fund’s distribution rate, also), at least over shorter time periods. Over a specific timeframe, a fund’s net asset value will increase (if returns exceed distributions), or decrease (if distributions exceed returns), by the difference between actual returns and total distributions. A return of capital is a non-taxable distribution of a portion of the fund’s capital. When a fund’s returns exceed distributions, return of capital may represent portfolio gains earned, but not realized as a taxable capital gain. In periods when a fund’s returns fall short of distributions, it will represent a portion of the investors’ original principal unless the shortfall is offset during other time periods over the life of the investment (previous or subsequent) when the fund’s total return exceeds distributions. For additional information about managed distributions, please see Understanding Managed Distributions. The following dates apply to today's declarations: Record Date March 15, 2023 Ex-Dividend Date March 14, 2023 Payable Date April 3, 2023 Quarterly Distribution Per Share Change From Ticker Exchange Fund Name Amount Previous Quarter Domestic Equity JCE NYSE Nuveen Core Equity Alpha Fund $0.3200 -$0.0752 Covered Call DIAX NYSE Nuveen Dow 30SM Dynamic Overwrite Fund $0.2867 - BXMX NYSE Nuveen S&P 500 Buy-Write Income Fund $0.2365 - QQQX NASDAQ Nuveen NASDAQ 100 Dynamic Overwrite Fund $0.4200 -$0.0734 SPXX NYSE Nuveen S&P 500 Dynamic Overwrite Fund $0.2940 - Real Assets JRS NYSE Nuveen Real Estate Income Fund $0.1700 -$0.0390 Multi-Asset NMAI NYSE Nuveen Multi-Asset Income Fund $0.3000 -$0.0500 Information regarding each fund’s last 19(a) Distribution Notice (as of November 30, 2022) is also included below. This informational notice provides further details on the sources of fund distributions. The full text of this notice is also available on the Nuveen website via Distribution Source Estimates. The following table provides estimates of the Funds’ distribution sources, reflecting year-to-date cumulative experience through the month-end prior to the latest distribution. The Funds attribute these estimates equally to each regular distribution throughout the year. Consequently, the estimated information as of the specified month-end shown below is for the current distribution, and also represents an updated estimate for all prior months in the year. It is estimated that JRS, QQQX, SPX, DIAX, JCE and NMAI have distributed more than their income and net realized capital gains; therefore, a portion of the distributions may be (and is shown below as being estimated to be) a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the Fund is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The amounts and sources of distributions reported in this 19(a) Notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. Each Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report distributions for federal income tax purposes. More details about each Fund’s distributions and the basis for these estimates are available on www.nuveen.com/cef. Data as of 11/30/2022 Current Quarter Fiscal YTD Estimated Percentages Estimated Sources of Distribution Estimated Sources of Distribution of Distribution 1 Per Share LT ST Return of Per Share LT ST Return of LT ST Return of Distribution NII Gains Gains Capital Distribution NII Gains Gains Capital NII Gains Gains Capital JRS (FYE 12/31) .2090 0.0370 0.0000 0.0753 0.0967 0.8360 0.1479 0.0000 0.3014 0.3867 17.7% 0.0% 36.0% 46.3% QQQX (FYE 12/31) .4934 0.0029 0.1721 0.2932 0.0252 1.9736 0.0116 0.6883 1.1728 0.1009 0.6% 34.9% 59.4% 5.1% SPXX (FYE 12/31) .2940 0.0316 0.2407 0.0000 0.0217 1.1760 0.1263 0.9629 0.0000 0.0868 10.7% 81.9% 0.0% 7.4% BXMX (FYE 12/31) .2365 0.0239 0.0224 0.1902 0.0000 0.9460 0.0956 0.0897 0.7608 0.0000 10.1% 9.5% 80.4% 0.0% DIAX (FYE 12/31) .2867 0.0537 0.0405 0.0752 0.1173 1.1468 0.2148 0.1619 0.3008 0.4693 18.7% 14.1% 26.2% 40.9% JCE (FYE 12/31) .3952 0.0235 0.0000 0.2963 0.0753 1.5808 0.0942 0.0000 1.1854 0.3013 6.0% 0.0% 75.0% 19.1% NMAI (FYE 12/31) .3500 0.1218 0.0202 0.0000 0.2080 1.4000 0.4872 0.0806 0.0000 0.8321 34.8% 5.8% 0.0% 59.4% 1 Net investment income (NII) is a projection through the end of the current calendar quarter using actual data through the stated month-end date above. Capital gain amounts are as of the stated date above. JRS owns REIT securities which attribute their distributions to various sources including NII, gains, and return of capital. The estimated per share sources above include an allocation of the NII based on prior year attributions which can be expected to differ from the actual final attributions for the current year. The following table provides information regarding distributions and total return performance over various time periods. This information is intended to help you better understand whether returns for the specified time periods were sufficient to meet distributions. Data as of 11/30/2022 Annualized Cumulative Inception Date Quarterly Distribution Fiscal YTD Distribution NAV 5-Year Return on NAV2 Fiscal YTD Distribution Rate on NAV1 Fiscal YTD Return on NAV Fiscal YTD Distribution Rate on NAV1 JRS (FYE 12/31) Nov-2001 .2090 .8360 8.85 2.43% 9.45% -28.74% 9.45% QQQX (FYE 12/31) Jan-2007 .4934 1.9736 21.46 5.75% 9.20% -22.80% 9.20% SPXX (FYE 12/31) Nov-2005 .2940 1.1760 15.63 5.69% 7.52% -11.68% 7.52% BXMX (FYE 12/31) Oct-2004 .2365 .9460 13.19 5.01% 7.17% -8.99% 7.17% DIAX (FYE 12/31) Apr-2005 .2867 1.1468 16.80 4.33% 6.83% -2.04% 6.83% JCE (FYE 12/31) Mar-2007 .3952 1.5808 13.05 6.93% 12.11% -13.21% 12.11% NMAI (FYE 12/31) Nov-2021 .3500 1.4000 14.22 -17.38% 9.85% -19.30% 9.85% 1As a percentage of 11/30/2022 NAV. 2 NMAI 5 year return figure reflects the annualized since inception return on NAV Nuveen is a leading sponsor of closed-end funds (CEFs) with $54 billion of assets under management across 55 CEFs as of 31 Dec 2022. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs. For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds or contact: About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.1 trillion in assets under management as of 31 Dec 2022 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-2762984PR-E0323W |
businesswire.com |
2023-03-01 18:15:00 |
Czytaj oryginał (ang.) |
| Weekly Closed-End Fund Roundup: PIMCO Muni CEF Distribution Cuts (January 1, 2023) |
3 out of 23 CEF sectors positive on price and 6 out of 23 sectors positive on NAV last week. PIMCO muni CEFs cut. |
seekingalpha.com |
2023-01-10 14:58:49 |
Czytaj oryginał (ang.) |
| Namibia Critical Metals: Another Microcap Mining Narrative I Don't Quite Believe |
Namibia Critical Metals tells us of the joys of their Lofdal Rare Earth Project. I'm afraid that I don't really believe it - the full message that is. |
seekingalpha.com |
2022-10-10 13:04:11 |
Czytaj oryginał (ang.) |
| Seven Nuveen Closed-End Funds Declare Capital Gains |
NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below. The following dates apply to today’s distribution declarations: Record Date December 15, 2021 Ex-Dividend Date December 14, 2021 Payable Date December 31, 2021 Taxable Amount Per Share Short Term Long-Term Capital Gain Capital Gain Ticker Exchange Closed-End Funds NUO NYSE Nuveen Ohio Quality Municipal Income Fund - $0.0250 NIM NYSE Nuveen Select Maturities Municipal Fund - $0.0008 NXC NYSE Nuveen California Select Tax-Free Income Portfolio - $0.0395 NUW NYSE Nuveen AMT-Free Municipal Value Fund $0.0205 $0.1714 NMI NYSE Nuveen Municipal Income Fund, Inc. - $0.0005 NEV NYSE Nuveen Enhanced Municipal Value Fund - $0.0204 NVG NYSE Nuveen AMT-Free Municipal Credit Income Fund - $0.0307 For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 30 September 2021 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. FORWARD LOOKING STATEMENTS Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: • market developments; • legal and regulatory developments; and • other additional risks and uncertainties. Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement. EPS-1939494PR-E1221X |
businesswire.com |
2021-12-01 19:40:00 |
Czytaj oryginał (ang.) |
| Treasury Curve Bear-Steepened; Muni Yields Higher - Muni Fortnightly, August 31, 2020 |
The Treasury curve bear-steepened and muni yields followed higher. Moody’s: Covid-19 will result in state and local government austerity and higher leverage. |
seekingalpha.com |
2020-09-06 05:50:00 |
Czytaj oryginał (ang.) |
| Treasuries Had A Bear-Steepening Week: Fixed Income Weekly Monitor, August 31, 2020 |
Treasury yields bear-steepened. Powell comments on desire for more inflation not immediately recognizable in yields. |
seekingalpha.com |
2020-09-02 07:00:00 |
Czytaj oryginał (ang.) |
| Rule #1 For Bonds: Don't Lose Money |
At the beginning of this year, we created the Baskin Fixed Income Fund as a more efficient way to manage your fixed income investments. |
seekingalpha.com |
2020-08-30 09:47:09 |
Czytaj oryginał (ang.) |
| For Muni Investors, COVID-19 Provides Lessons In Liquidity |
Over the years, individual investors have flocked to municipal bonds to meet safety, income and after-tax return goals. |
seekingalpha.com |
2020-08-27 14:19:48 |
Czytaj oryginał (ang.) |
| Small Ways Muni Investors Can Make A Big Difference |
Municipal bonds issued by state and local entities fund projects across various sectors that create the foundation upon which local economies thrive. |
seekingalpha.com |
2020-07-28 12:58:55 |
Czytaj oryginał (ang.) |
| Weekly Closed-End Fund Roundup: July 19, 2020 |
17 out of 23 CEF sectors positive on price and 21 out of 23 sectors positive on NAV last week. MLPs lead while Asia equities lag. |
seekingalpha.com |
2020-07-27 19:55:11 |
Czytaj oryginał (ang.) |
| What Happened In The Bond Markets Last Week? Muni Fortnightly, July 20, 2020 |
Muni yields fell more as ratios have declined. Muni funds experienced net inflows for 10th consecutive week. |
seekingalpha.com |
2020-07-27 07:15:00 |
Czytaj oryginał (ang.) |
| 2020 Muni Market Midyear Update |
States and towns are reluctant to make any issuance until they have an understanding of just how bad their revenue losses are going to be. |
seekingalpha.com |
2020-07-15 14:29:54 |
Czytaj oryginał (ang.) |
| Nuveen Municipal Income Fund Inc. (NYSE:NMI) Declares $0.03 Monthly Dividend |
Nuveen Municipal Income Fund Inc. (NYSE:NMI) announced a monthly dividend on Monday, July 6th, Wall Street Journal reports. Investors of record on Wednesday, July 15th will be given a dividend of 0.033 per share on Monday, August 3rd. This represents a $0.40 annualized dividend and a yield of 3.59%. The ex-dividend date is Tuesday, July […] |
thelincolnianonline.com |
2020-07-13 12:38:45 |
Czytaj oryginał (ang.) |
| Heroes And Villains |
My attention is fully focused on the markets and what is driving them. The Superman for the markets is Chairman Jerome Powell, the Presidents and Governors of t |
seekingalpha.com |
2020-07-05 05:35:08 |
Czytaj oryginał (ang.) |