2023-04-04 11:07:18 ET
Nuveen Municipal Credit Income Fund ( NYSE: NZF ) declares pre-merger $0.0165/share monthly dividend , compared to prior dividend of $0.0430.
Forward yield 1.66%
Payable May 1; for shareholders of record April 14; ex-div April 13.
As previously announced, shareholders of Nuveen Ohio Quality Municipal Income Fund ( NUO ) and Nuveen Georgia Quality Municipal Income Fund ( NKG ), and preferred shareholders of Nuveen Municipal Credit Income Fund ( NZF ), have approved a proposal to merge the funds. The mergers will combine each of NUO and NKG into NZF.
NUO does not currently estimate an accumulated undistributed net investment income balance and subsequently will not make a pre-merger distribution.
Following the mergers, NZF is expected to declare a post-closing distribution, with a record date of April 27, 2023, payable May 1, 2023.
For NKG and NZF shareholders, the total per-common share dollar amount of the pre- and post-closing tax-exempt distributions received on May 1, 2023 will be equal to or greater than the per-common share dollar amount of the prior month's tax-exempt dividend.
See NZF Dividend Scorecard, Yield Chart, & Dividend Growth.
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Nuveen Municipal Credit Income Fund declares $0.0165 pre-merger dividend