Nuveen California Quality Municipal Income Fund

Nuveen California Quality Municipal Income Fund operates as a closed-end investment fund/investment trust. The fund seeks current income exempt from both regular federal income taxes and California personal income tax by investing its assets majorly in investment-grade quality municipal bonds. The company was founded on December 1, 1998 and is headquartered in Chicago, IL.

I previously recommended NAC in June, anticipating a muni sector rebound, which has proven accurate. Going forward, I think gains will be more modest. The fund offers value for investors seeking tax-exempt income if they are in higher tax brackets. NAC has seen its discount to NAV narrow and is utilizing a significant portion of return of capital to pay its distribution. These two attributes justify a less bullish rating now.

NAC: Quick, Sharp Gain Leads Me To A More Cautious Stance (Rating Downgrade)

I continue to view munis as a reasonable equity hedge and see an opportunity in California munis in particular. NAC has recently seen a sharp income boost and is managed by Nuveen, a popular player in the muni market. The fund's discount and underlying holdings also make for supporting buy factors at this moment.

NAC: Income Boost A Nice Tailwind For This California Muni CEF

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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 www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

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Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

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.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

The Nuveen California Quality Municipal Income Fund is a closed-end fund trading at a discount to net asset values of around 13.88%. The NAC fund focuses on municipal securities in California, which are typically not taxed like regular income in California or by the federal government. The fund has a high leverage ratio and interest rate risk, but activist funds on the shareholder record may help narrow the discount to net asset value.

NAC: Betting On A Fed Pivot

NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of certain Nuveen municipal closed-end funds declared regular monthly distribution rates and updated certain distribution policies. Additionally, several leveraged municipal closed-end funds have announced distribution rate increases of between 7% and 24% to deliver higher monthly cash flows to shareholders. These changes are intended to help support secondary market trading in fund shares and improve each fund's discount to NAV. It is ant.

Nuveen Municipal Closed-End Funds Announce Distribution Updates

BlackRock MuniHoldings California Quality Fund Inc

The BlackRock MuniHoldings California Quality Fund invests primarily in a portfolio of long-term investment-grade municipal obligations, the interest on which is exempt from Federal and California income taxes. The Nuveen California Quality Municipal Income Fund invests in undervalued municipal securities that are exempt from regular federal and California income taxes. Both CEFs are reviewed and compared. Which has done better for investors has changed based on periods reviewed.

MUC Vs. NAC: Comparing California Quality Muni Funds

Cali munis are well supported in terms of credit risk and liquidity. This has been led by a macro-recovery, strong tax receipts, and a budget surplus. NAC, in particular, looks nice because of its underlying holdings and the fact that the fund has a large discount to NAV.

NAC: Cali Munis Have Some Merit At These Levels

Nuveen California Municipal Value Fund 2

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 (NY

Certain Nuveen Closed-End Funds Announce the Board’s Approval of Amended and Restated By-Laws of the Funds

News for Nuveen California Quality Municipal Income Fund ETF (NAC)