Nuveen Quality Municipal Price, Forecast, Insider, Ratings, Fundamentals & Signals

New york--(business wire)--nuveen closed-end funds today announced that the board of trustees of the funds has approved the regular monthly and quarterly distributions. in addition, the board of trustees has approved updated distribution polices described below under “monthly & quarterly distributions” for the nuveen preferred & income opportunities fund (nyse: jpc), nuveen preferred and income term fund (nyse: jpi), nuveen variable rate preferred & income fund (nyse: npfd), nuveen.

New york--(business wire)--the reorganization of nuveen maryland quality municipal income fund (nyse: nmy) into nuveen quality municipal income fund (nyse: nad) and the reorganization of nuveen new york municipal value fund 2 (nyse: nyv) into nuveen new york municipal value fund (nyse: nny) were completed prior to the open of the new york stock exchange on april 12, 2021. in the reorganization, nad acquired substantially all of the assets and liabilities of nmy in a tax-free transaction in exchange for newly-issued common shares in an aggregate amount equal in value to the net assets transferred. in the reorganization, nny acquired substantially all of the assets and liabilities of nyv in a tax-free transaction in exchange for newly-issued common shares in an aggregate amount equal in value to the net assets transferred...

New york--(business wire)--four nuveen closed-end funds announced pre-reorganization distributions. the specific distribution dates and amounts are detailed below. as previously announced, shareholders of the nuveen maryland quality municipal income fund (nyse: nmy) have approved the fund’s reorganization into nuveen quality municipal income fund (nyse: nad). additionally, shareholders of the nuveen new york municipal value fund, inc. (nyse: nny) have approved a change of domicile reorganization from a minnesota corporation to a massachusetts business trust. upon completion of the change of domicile, nny will become nuveen new york municipal value fund. shareholders of the nuveen new york municipal value fund 2 (nyse: nyv) also have approved the fund’s reorganization into nny...

New york--(business wire)--shareholders of the nuveen maryland quality municipal income fund (nyse: nmy) have approved the fund's reorganization into nuveen quality municipal income fund (nyse: nad). additionally, shareholders of the nuveen new york municipal value fund, inc. (nyse: nny) have approved a change of domicile reorganization from a minnesota corporation to a massachusetts business trust. upon completion of the change of domicile, nny will become nuveen new york municipal value fund.

New york--(business wire)--nuveen: nuveen amt-free municipal credit income fund (nyse: nvg), nuveen amt-free municipal value fund (nyse: nuw), nuveen amt-free quality municipal income fund (nyse: nea), nuveen arizona quality municipal income fund (nyse: naz), nuveen california amt-free quality municipal income fund (nyse: nkx), nuveen california municipal value fund 2 (nyse: ncb), nuveen california quality municipal income fund (nyse: nac), nuveen california select tax-free income portfolio (nyse: nxc), nuveen core equity alpha fund (nyse: jce), nuveen corporate income 2023 target term fund (nyse: jhaa), nuveen corporate income november 2021 target term fund (nyse: jhb), nuveen credit opportunities 2022 target term fund (nyse: jco), nuveen credit strategies income fund (nyse: jqc), nuveen diversified dividend and income fund (nyse: jdd), nuveen dow 30sm dynamic overwrite fund (nyse: diax), nuveen dynamic municipal opportunities fund (nyse: ndmo), nuveen emerging markets debt 2022 target term fund (nyse: jemd), nuveen enhanced municipal value fund (nyse: nev), nuveen floating rate income fund (nyse: jfr), nuveen floating rate income opportunity fund (nyse: jro), nuveen georgia quality municipal income fund (nyse: nkg), nuveen global high income fund (nyse: jgh), nuveen high income 2020 target term fund (nyse: jhy), nuveen intermediate duration municipal term fund (nyse: nid), nuveen intermediate duration quality municipal term fund (nyse: niq), nuveen maryland quality municipal income fund (nyse: nmy), nuveen massachusetts quality municipal income fund (nyse: nmt), nuveen michigan quality municipal income fund (nyse: num), nuveen minnesota quality municipal income fund (nyse: nms), nuveen missouri quality municipal income fund (nyse: nom), nuveen mortgage and income fund (nyse: jls), nuveen multi-market income fund (nyse: jmm), nuveen municipal 2021 target term fund (nyse: nha), nuveen municipal credit income fund (nyse: nzf), nuveen municipal credit opportunities fund (nyse: nmco), nuveen municipal high income opportunity fund (nyse: nmz), nuveen nasdaq 100 dynamic overwrite fund (nasdaq: qqqx), nuveen new jersey municipal value fund (nyse: njv), nuveen new jersey quality municipal income fund (nyse: nxj), nuveen new york amt-free quality municipal income fund (nyse: nrk), nuveen new york municipal value fund 2 (nyse: nyv), nuveen new york quality municipal income fund (nyse: nan), nuveen new york select tax-free income portfolio (nyse: nxn), nuveen ohio quality municipal income fund (nyse: nuo), nuveen pennsylvania municipal value fund (nyse: npn), nuveen pennsylvania quality municipal income fund (nyse: nqp), nuveen preferred & income opportunities fund (nyse: jpc), nuveen preferred & income securities fund (nyse: jps), nuveen preferred and income 2022 term fund (nyse: jpt), nuveen preferred and income term fund (nyse: jpi), nuveen quality municipal income fund (nyse: nad), nuveen real asset income and growth fund (nyse: jri), nuveen real estate income fund (nyse: jrs), nuveen s&p 500 buy-write income fund (nyse: bxmx), nuveen s&p 500 dynamic overwrite fund (nyse: spxx), nuveen select maturities municipal fund (nyse: nim), nuveen select tax-free income portfolio (nyse: nxp), nuveen select tax-free income portfolio 2 (nyse: nxq), nuveen select tax-free income portfolio 3 (nyse: nxr), nuveen senior income fund (nyse: nsl), nuveen short duration credit opportunities fund (nyse: jsd), nuveen taxable municipal income fund (nyse: nbb), nuveen tax-advantaged dividend growth fund (nyse: jtd), nuveen tax-advantaged total return strategy fund (nyse: jta), nuveen virginia quality municipal income fund (nyse: npv) (each a fund and together, the funds) after a rigorous and deliberative review, and consistent with the interests of the funds’ long-term shareholders, the board of trustees of each fund has adopted amended and restated by-laws (by-laws) for the funds...

Bonds are dropping on "higher for longer" rate expectations, creating a buying opportunity. Nuveen Quality Muni Income Fund has attractive relative strength and munis look insulated from external shocks. NAD has a high dividend and a large discount, but underperforms compared to other munis.

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The Nuveen Quality Municipal Income Fund is expected to outperform unlevered funds in a falling rate environment. The Nuveen Select Tax-Free Income Portfolio is an unlevered fund with a similar long term total return to NAD and less volatility but with lower yield. The choice between NAD and NXP depends on an investor's economic outlook and preference for income stability or higher yield.

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Nuveen Quality Municipal Income Fund is a high-level leverage fund within Nuveen's National Investment-grade Municipal Bond CEFs. NAD aims to provide current income exempt from federal income tax and enhance portfolio value by investing in undervalued municipal securities. NAD recently increased its monthly payout from $.38 to $.44 after four previous cuts, and its ability to maintain the payout depends on various factors.

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