NID News and Press, Nuveen Intermediate Duration Municipal Term Fund of Beneficial Interest

Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) completed its termination and liquidation following the close of business on March 31, 2023. The termination and liquidation was performed in accordance with the fund’s investment objectives and organizational documents, consiste...

As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date. NID inte...

Summary We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming. We discuss how unleveraged CEFs are able to maintain a more stable level of income in this en...

Summary Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another. Given that almost all publicly traded CEFs launched after 2018 are term funds, you likely hold some of...

The Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has filed with the Securities and Exchange Commission a notice of intention to redeem the fund’s outstanding Series 2023 Adjustable Rate MuniFund Term Preferred Shares. The Adjustable Rate MuniFund Term Preferred Share redemp...

The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund’s originally scheduled termination date. NID intends to liquidate on or be...

Summary We review CEF market valuation and performance through the third week of October and highlight recent market action. The CEF space was fairly flat this week with Munis underperforming and Equity-linked funds outperforming. With bond prices at unusually low levels, dist...

Shareholders of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved a proposal to restructure their respective funds. The restructuring will allow shareholders of each fund the opport...

Nuveen Intermediate Duration Municipal Term Fund ( NYSE: NID ) declares $0.043/share monthly dividend, -7.5% decrease from prior dividend of $0.046. Forward yield 4.07% Payable Nov. 1; for shareholders of record Oct. 14; ex-div Oct. 13. See NID Dividend Score...

Summary We review CEF market valuation and performance through the first full week of September and highlight recent market action. CEFs had a decent week as most of the space was able to easily digest higher Treasury yields. We discuss why the loan CEF sector discount has und...