NQP: Pennsylvania Municipal Bond CEF Still At A Large Discount
Source: SeekingAlpha
2025-04-17 08:00:00 ET
Summary
- The Nuveen Pennsylvania Quality Municipal Income Fund offers a large discount and state income tax savings, making it attractive for Pennsylvania taxpayers.
- NQP invests in tax-exempt municipal bonds rated Baa/BBB or higher, employing a bottom-up stock picking approach.
- Nuveen increased payouts to close discounts and enhance shareholder returns, aiming to boost demand and narrow the market price-NAV gap.
- I see enough positives here compared to the national fund I compare NQP to rate the PA CEF a Buy.
Introduction
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NQP: Pennsylvania Municipal Bond CEF Still At A Large Discount
Nuveen Quality Municipal Income Fund
NASDAQ: NAD
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