Nuveen Municipal High 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)--as previously announced on april 10, 2023, john v. miller effective today is no longer a portfolio manager for nuveen municipal high income opportunity fund (nyse: nmz), nuveen taxable municipal income fund (nyse: nbb), nuveen municipal credit opportunities fund (nyse: nmco), and nuveen dynamic municipal opportunities fund (nyse: ndmo). there are no additional changes to the portfolio management teams, which are as follows: daniel close and stephen candido continue to.

New york , april 10, 2023 /prnewswire/ -- effective immediately, portfolio manager responsibilities for nuveen municipal high income opportunity fund (nyse: nmz),  nuveen taxable municipal income fund (nyse: nbb), nuveen municipal credit opportunities fund (nyse: nmco), and nuveen dynamic municipal opportunities fund (nyse: ndmo) have been updated.

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...

New york--(business wire)--several nuveen closed-end funds have declared distributions. these funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. for further information regarding fund distributions including earnings, undistributed net investment income, and notices please visit http://www.nuveen.com/cef. beginning on or about november 1, 2019, the nuveen closed-end funds will be discontinuing the practice of announcing fund distribution amounts and timing via press release. instead, information about the nuveen closed-end funds’ monthly and quarterly periodic distributions to shareholders will be posted and can be found on nuveen’s enhanced closed-end fund resource page along with other nuveen closed-end fund product updates...

I am maintaining a "buy" rating for the Nuveen Municipal High Income Opportunity Fund for multiple reasons. The fund is benefiting from a decline in long-term muni issuance and from a Fed pause in rate hikes. NMZ holds many non-rated bonds, but I still feel this is a safer option than going into junk rated corporates.

2023 year-end review of our 8% Income Portfolio. This high-income portfolio earned over $29,000 in distributions amounting to over 14% yield-on-cost basis and roughly 8.6% on average portfolio value. We will provide updates on trades during the year, dividends collected, and overall performance. As usual, we will compare the performance with a traditional 60:40 stock/bond portfolio.

Nuveen High Yield Muni: Generational Opportunity In Muni CEFs

Nuveen Municipal High Income Opportunity Fund offers a 5.13% yield, which is equivalent to an 8.14% yield for investors in the top tax bracket. The NMZ closed-end fund's shares have declined by 16.33% over the past five years, performing poorly compared to the ICE AMT-Free US National Municipal Index. The fund invests in municipal securities rated Baa/BBB or lower, with a significant portion invested in unrated securities, which poses some risk.

Nuveen Municipal Credit Opportunities Fund and Nuveen Municipal High Income Opportunity Fund have experienced significant declines since 2021. Both funds aim to provide high current income exempt from federal income tax and seek total return. The future performance of the funds is uncertain due to the unpredictability of interest rates, but the FOMC does not anticipate a return to ultra-low rates.

I see the Nuveen Municipal High Income Opportunity Fund as a reasonable investment option for the right buyer at these levels. NMZ has performed well in a risk-on market environment and should continue to do so. There is still a discount to NAV present for NMZ and the fund's use of leverage is less of a problem if inflation continues to decline.

Fintel reports that Deutsche Bank Ag\ has filed a 13D/A form with the SEC disclosing ownership of 0.00MM shares of Nuveen Municipal High Income Oppty Fund (NMZ).

There's a “delayed reaction” dividend play (for tax-free 5% yields) waiting for us in municipal bonds right now—and it's not going to last.

NMZ has seen the weakness of late and that may have opened up a buying opportunity for those who can withstand some risk. The fund went from par value to a 4% discount to NAV. That signals some inherent value.

The January Effect boosted the valuation of most areas of the closed-end fund market. Taxable bond CEFs have rallied strongly while leaving munis behind. We think this is an opportunity for investors for 2023, as credit spreads are likely to widen, dragging down taxable bond NAVs. We favor munis and high-quality taxables.