- The Nuveen New York AMT-Free Municipal Income Fund (NRK) is designed for in-state investors wanting to avoid all AMT income.
- The Nuveen New York Dividend Advantage Municipal Fund (NAN) is for in-state investors with less AMT concern, as 11% of its payouts count toward the AMT process.
- While each investor know their overall tax situation better than me, it appears that NAN's better results might offset any pain caused by After-Tax income from that CEF.
- NAN's CAGR is also compared against JPS and NSL to get an idea if going "Muni" makes sense.
- Currently, Wall Street Analysts give each CEF one Buy and one Hold recommendation.
For further details see:
NRK Vs. NAN: Comparing Nuveen NY State Municipal Bond CEFs