NAD News and Press, Nuveen Quality Municipal Income Fund From 01/09/23

Summary We recently touched on RFM, and today, we are looking at RMM, its slightly older sister fund. RMM and RFM share many similarities, which means they face the same negatives in the future. However, RMM has historically provided more tax-friendly tax characteristics to its dist...

Summary RFM is at a much better valuation, but the fund also has a lot of negatives. They've changed their managed distribution plan so that the hit to the payout this year was lower. Expect further pressure as long as interest rates are being hiked by the Fed. Written b...

Summary My portfolio had a total return of -6.1% in 2022, strongly beating the S&P index fund's total return of -18.2%. Market preference for value over growth continued to drive performance, as did my temporary rotation out of riskier fixed income investments. I began increasin...

Summary Gradually growing income levels of income portfolios is a goal of many income investors. In this article, we discuss some of the typical but unsustainable ways some investors pursue this goal which often results in disappointment. And highlight a few more sustainable alterna...

Summary We had floated the idea of America First Multifamily Investors, LP as a superior alternative to mortgage REITs and municipal bond funds. The performance has been outstanding. We look at Q3-2022 results and tell you why you should be a bit cautious and give you a new ra...

Nuveen Quality Municipal Income Fund ( NYSE: NAD ) declares $0.0465/share monthly dividend, -13.9% decrease from prior dividend of $0.0540. Forward yield 4.98% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See NAD Dividend Scorecard, Yie...

Summary We provide an August update for the PIMCO CEF taxable and Municipal suites. Taxable coverage and UNII levels improved in August while Muni fund metrics continued to deteriorate on the back of rising leverage costs. Taxable leverage rose slightly as most funds increased...

Nuveen Quality Municipal Income Fund ( NYSE: NAD ) declares $0.054/share monthly dividend , in line with previous. Forward yield 4.93% Payable Sept. 1; for shareholders of record Aug. 15; ex-div Aug. 12. See NAD Dividend Scorecard, Yield Chart, & Dividend...

The Eaton Vance Municipal Income Trust invests primarily in investment-grade municipal obligations of various sectors with a mixture of sectors across the full spectrum. BlackRock Municipal Income Quality Trust may invest up to 20% of its assets in bonds rated below Aaa or AAA (but no...

We provide another update on the PIMCO tax-exempt and taxable suites of CEFs. Most taxable funds continued to deleverage in June, bringing total deleveraging for some funds to around 20-25% over the last 3 months. Muni coverage has continued to move lower on the back of rising lev...