|Bid||13.22 x 3100|
|Ask||14.63 x 1200|
|Day's Range||13.50 - 13.50|
|52 Week Range||13.15 - 15.48|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||16.56|
|Forward Dividend & Yield||0.79 (5.87%)|
|1y Target Est||N/A|
Even with the recent turbulence in the markets, the valuations still remain relatively high — and this makes it tough to find high yields. But there are certainly opportunities. Interestingly enough, one is with tax-free dividend stocks.
Nuveen Municipal Credit Income Fund (NZF) has completed the issuance of Series C MuniFund Preferred Shares (MFP Series C Shares) in a privately negotiated exchange, with a qualified institutional buyer, as defined in Rule 144A under the Securities Act of 1933 (the Securities Act). Through the exchange, the Fund refinanced its existing $336.0 million of Series 2019 Variable Rate MuniFund Term Preferred (VMTP) shares on a one-for-one basis with the new MFP Series C Shares. The MFP Series C Shares were issued with terms establishing an initial Variable Rate Mode ending June 26, 2019, and a term redemption date of June 1, 2048.
Who doesn’t like a deal, especially in these volatile stock market conditions that have been plaguing us for the past few months? And by a deal, I mean investments that are now trading at a discount to what they could be liquidated for by some 8% or more.
Nuveen Municipal Credit Income Fund has completed a $155.0 million issuance of Series B MuniFund Preferred Shares in a private placement to a qualified institutional buyer, as defined in Rule 144A under the Securities Act of 1933.
Several Nuveen closed-end funds have declared additional cash distributions with the record, ex-dividend and payable date outlined below.