NMY News and Press, Nuveen Maryland Quality Municipal Income Fund

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 ...

Last year, we were looking at distribution changes due to the COVID pandemic sell-off. CEFs distribute out most of their earnings as distributions, so they pay relatively higher yields. However, relatively higher yields mean that any downturn is likely to cause distribution cuts. ...

The reorganization of Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) into Nuveen Quality Municipal Income Fund (NYSE: NAD) and the reorganization of Nuveen New York Municipal Value Fund 2 (NYSE: NYV) into Nuveen New York Municipal Value Fund (NYSE: NNY) were completed prior t...

Four Nuveen Closed-End Funds announced pre-reorganization distributions. The specific distribution dates and amounts are detailed below. As previously announced , shareholders of the Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) have approved the fund’s reorganiza...

Shareholders of the Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) have approved the fund’s reorganization into Nuveen Quality Municipal Income Fund (NYSE: NAD). Additionally, shareholders of the Nuveen New York Municipal Value Fund, Inc. (NYSE: NNY) have approved a ch...

23 out of 23 CEF sectors positive on price and 23 out of 23 sectors positive on NAV last week as election volatility subsides. NHF tender offer begins, with an expiration date of December 10, 2020. We discuss RIV's rights offering results in a separate report. For further de...

Stimulus talks continue as the two parties try to hash out a deal before the elections.  That deal before November is becoming more elusive. The September payrolls report showed that 661K jobs were added in the month, which was below expectations of 850K.  Unemployment rate ...

Nuveen: Nuveen AMT-Free Municipal Credit Income Fund (NYSE: NVG), Nuveen AMT-Free Municipal Value Fund (NYSE: NUW), Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA), Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ), Nuveen Californi...

Nuveen Maryland Premium Income Municipal Fund (NMY) declares $0.053/share monthly dividend, 9.3% increase from prior dividend of $0.049.Forward yield 4.81%Payable Nov. 2; for shareholders of record Oct. 15; ex-div Oct. 14.See NMY Dividend Scorecard, Yield Chart, & Dividend Growth. For f...

The Board of Trustees for eleven Nuveen municipal closed-end funds approved five reorganization proposals. The reorganizations are subject to customary conditions, including shareholder approval. The reorganizations are intended to create larger funds with lower operating expenses and increas...