NAD News and Press, Nuveen Quality Municipal Income Fund From 07/29/22

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...

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...

MUJ is the BlackRock MuniHoldings New Jersey Quality Fund. NXJ is the Nuveen New Jersey Quality Municipal Income Fund. While both funds' income is exempt from Federal and State income taxes, both funds own bonds subject to the Alternative Minimum Tax calculation. Data since NX...

Nuveen Quality Municipal Income Fund ( NYSE: NAD ) declared $0.054/share monthly dividend , -9.2% decrease from prior dividend of $0.059. Forward yield 5.07% Payable Aug. 1; for shareholders of record July 15; ex-div July 14. See NAD Dividend Scorecard, Y...

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 ...

We review CEF market valuation and performance through the first week of June and highlight recent market action. The CEF space was down marginally this week as the previously strong rally stalled. We discuss why we are less worried about relatively low distribution coverage in th...

I don't quite understand who would be buying the PIMCO National municipal bond CEFs over the Nuveen national muni bond CEFs right now. These two fund sponsors of municipal bond closed-end funds are probably the two most popular when it comes to high-yields (PIMCO) and the sheer number...

Municipal bonds have been getting hammered with their long maturities and higher durations. Discounts have been widening and creating further opportunities in the closed-end fund space. With XMPT, the ETF structure itself won't go to a significant discount, but the underlying port...

The municipal CEF sector has outperformed the broader CEF space over the last month for a change, supported by stabilizing Treasury yields and a lower sensitivity to rising credit spreads. We discuss some of the ongoing themes in the sector such as leverage costs, valuations, duration...

RMM takes a unique approach to invest in individual muni bonds and muni closed-end funds. This approach is taken through two different managers, RiverNorth on the CEF side and MacKay Shields managers for the individual names. Based on the latest allocations, the fund is positioned...