NAC News and Press, Nuveen California Quality Municipal Income Fund From 10/06/22

Nuveen CA Dividend Advantage Muni. Fund ( NYSE: NAC ) declared $0.0445/share monthly dividend, -13.6% decrease from prior dividend of $0.0515. Forward yield 4.82% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See NAC Dividend Scorecard, ...

Summary I have been a long-term bull of the municipal sector. However, in 2021, I shifted this stance to become much more cautious. That view worked out after fixed income, munis included, suffered heavy losses in 2022. Yet, I was too early in re-buying the sector. Despite loo...

Nuveen Quality Municipal Income Fund has outperformed most state-specific funds over the long term. The fact that NAD dividends are subject to state tax doesn't change the results much for middle-income investors. Don't swap funds based on discount to NAV. Discounts depend strongl...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

Nuveen CA Dividend Advantage Muni. Fund (NYSE:NAC) declares $0.0515/share monthly dividend, -5.5% decrease from prior dividend of $0.0545. Forward yield 4.81% Payable May 2; for shareholders of record April 14; ex-div April 13. See NAC Dividend Scorecard, Yield Chart, & Dividend Growth. ...

Cali munis are well supported in terms of credit risk and liquidity. This has been led by a macro-recovery, strong tax receipts, and a budget surplus. NAC, in particular, looks nice because of its underlying holdings and the fact that the fund has a large discount to NAV. Utility ...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...