|Bid||14.34 x 1200|
|Ask||14.35 x 1000|
|Day's Range||14.30 - 14.37|
|52 Week Range||12.03 - 14.40|
|Beta (3Y Monthly)||0.06|
|PE Ratio (TTM)||13.20|
|Forward Dividend & Yield||0.64 (4.53%)|
|1y Target Est||N/A|
The Board of Trustees for six Nuveen municipal closed-end funds approved three merger proposals. The mergers are subject to customary conditions, including shareholder approval. The mergers are intended to create larger funds with lower operating expenses and increased trading volume on the exchange for common shares.
NVG's Series B MFP shares and NEA's Series D MFP shares will rank equal in priority with the funds' other outstanding preferred shares with respect to payments of dividends and distribution of assets upon dissolution, liquidation or winding up of the affairs of the funds.
Nuveen today announced that Nuveen AMT-Free Quality Municipal Income Fund and Nuveen AMT-Free Municipal Credit Income Fund have each successfully completed an offering of MuniFund Preferred Shares.
Nuveen AMT-Free Quality Municipal Income Fund and Nuveen AMT-Free Municipal Credit Income Fund have each filed with the Securities and Exchange Commission a notice of intention to redeem a portion of the respective Fund’s outstanding MuniFund Preferred shares.
2018 was not a particularly good year for any type of investor, but 2019 is setting up to be a good one for income seekers. This fund has very little volatility (cash substitutes shouldn't) and it has an indicated yield of about 2.1%. While we aren't going to satisfy all our income needs with these assets, it allows us to be a little more conservative as a whole without giving up much income on the portfolio level -- which is exactly what we want in our income portfolio.
Nuveen AMT-Free Quality Municipal Income Fund (NEA) and Nuveen AMT-Free Municipal Credit Income Fund (NVG) previously announced on November 16, 2018 the filing with the Securities and Exchange Commission of a notice of intention to redeem a portion of the respective Funds’ outstanding MuniFund Preferred shares, for which the redemptions are contingent upon the completion of all aspects of newly issued preferred share placements by the respective Funds. Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors.
The Nuveen AMT-Free Quality Municipal Income Fund , the largest player in the closed-end mutual-fund industry, is known not just for its size, but also for the thoroughness of its research. "They are one of the best in the industry. They have people who read all the indenture agreements -- which, if you are serious about this, you must do," says Warren Ward, a certified financial planner who focuses on closed-end bond funds at Indiana-based WWA Planning and Investments. NEA is the first fund that we'll be profiling in our Closed-End Kings special report, in which we'll run down the closed-end sector's largest players in terms of assets under management. NEA had $3.8 billion in assets under management as of Aug. 31, making it No. 1 in the sector, according to Thomson Reuters Lipper.