2024-07-01 12:35:20 ET
Summary
- The fund saw another income boost to start the month of June.
- The muni yield curve is upward sloping, providing a distinct advantage over similarly dated treasury bonds.
- NEA still has a large discount to NAV, which could entice value-oriented buyers.
Main Thesis & Background
The purpose of this article is to evaluate the Nuveen AMT-Free Quality Municipal Income Fund ( NEA ) as an investment option at its current market price. This is a multi-state, closed-end fund with an objective "to provide current income exempt from regular federal income tax and the alternative minimum tax applicable to individuals by investing in an actively managed portfolio of tax-exempt municipal securities"....
Read the full article on Seeking Alpha
For further details see:
NEA: Income Boosts Keep Boosting The Market Price