When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
NMI - NMI: Why This Unleveraged Muni CEF Makes Sense Now
Nuveen Municipal Income Fund Inc.
2024-03-22 11:31:06 ET
Summary
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.
The fund's net income will remain significantly more efficient than that of leveraged CEFs and its return profile will be lower-beta.