NZF News and Press, Nuveen Municipal Credit Income Fund From 04/06/22

Nuveen Municipal Credit Income Fund (NYSE:NZF) declares $0.0585/share monthly dividend, -11.4% decrease from prior dividend of $0.0660. Forward yield 5.0% Payable May 2; for shareholders of record April 14; ex-div April 13. See NZF Dividend Scorecard, Yield Chart, & Dividend Growth. For...

The recent CEF market drawdown has made it clear that it is those investors who maintain dry powder reserves that can fully take advantage of current attractive CEF yields. Credit markets have a number of features such as varying valuation levels, episodic volatility and mean-reversio...

It's been awhile since I wrote about municipal bond CEFs but considering the collapse they have seen in the last 6 weeks, it seems appropriate. When CEFs drop -15% since the beginning-of-the-year and yet only own a leveraged-portfolio of probably the most conservative investments you ...

The Boards of Trustees of Nuveen Enhanced Municipal Value Fund (NYSE: NEV) and Nuveen Municipal Credit Income Fund (NYSE: NZF) have approved a proposal to reorganize the funds. The proposed reorganization, if approved by shareholders, would combine NEV into NZF. The reorganization is in...

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...

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...

The US House Ways and Means Committee released their new 881-page tax proposal –there's some tricky stuff in it. If passed, the new top Federal rate in the US will be 46.4 percent, while the top capital gains tax rate appears it will be 31.8 percent from my calculations. NY...

While they may have become more common over the last 10 years, municipal defaults and bankruptcies still remain rare overall. The five-year all-rated cumulative default rate of municipal bonds throughout the study period (1970-2020) was unchanged at 0.08% and still remains very low. ...

A number of mutual funds focused on high-yield municipal bonds have announced closure to new investors recently on the back of strong performance-chasing inflows. This sub-sector remains attractive in our view due to attractive yields and a supportive macro backdrop. We highlight ...