Nuveen Quality Municipal Income Fund

Nuveen Quality Municipal Income Fund operates as a closed-end investment fund, which engages in the investment of its managed assets in municipal securities. The company was founded on May 26, 1999 and is headquartered in Chicago, IL.

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.

NAD: Barely A Dip Reflects Underlying Strength

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

PIMCO Dynamic Income Strategy Fund

We review CEF market valuation and performance through the second week of March and highlight recent market action. All sectors of the closed-end fund market saw a rise in NAVs, but discounts were mixed.

CEF Weekly Review: Discount Tightening Is Hard (Ask Nuveen)

BlackRock 2037 Municipal Target Term Trust

IQ MacKay Municipal Insured ETF

IQ MacKay Municipal Intermediate ETF

Nuveen Municipal Income Fund Inc

We take a look at the municipal sector after a rollercoaster ride. We find that longer-duration munis remain attractive, particularly relative to corporate bonds. Separately, muni CEF discounts are wide and higher-quality bonds look best.

Municipal CEF Sector Update: What We're Doing After A Roller Coaster Ride

Blackrock Income Trust

Carlyle Credit Income Fund

MFS High Yield Municipal Trust

MFS High Income Municipal Trust

MFS Investment Grade Municipal Trust

Dreyfus High Yield Strategies Fund

Allspring Global Dividend Opportunity Fund

First Trust MLP & Energy Income Fund

First Trust Energy Income and Growth Fund

First Trust Energy Infrastructure Fund

First Trust New Opportunities Mlp & Energy Fund

Western Asset High Income Fund

John Hancock Investors Trust

John Hancock Income Securities Trust

Deutsche Municipal Income Trust

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

MFS Municipal Income Trust

MFS Government Markets Income Trust

BlackRock Municipal Income Fund

Nuveen California Quality Municipal Income Fund

Nuveen New York Quality Muni Income Fund

Nuveen AMT-Free Quality Municipal Income Fund

Virtus Dividend Interest & Premium Strategy Fund

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

Nuveen Preferred & Income Term Fund

We review CEF market valuation and performance through the first week of February and highlight recent market action. All but one sector rallied this week despite Powell taking away the March cut punchbowl. Invesco hiked the dividends of its Muni CEFs by 10-23%, following the lead of Nuveen and BlackRock.

CEF Weekly Review: Invesco Succumbs To Peer Pressure

Nuveen Select Tax-Free Income Portfolio

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.

NAD Vs. NXP: Leverage, Quality, And Duration In Muni Bond Funds

Wells Fargo Income Opportunities Fund

We review CEF market valuation and performance through the fourth week of November and highlight recent market action. CEFs had a good week, with November coming in as the second-best month in the last several years. We discuss the impact on net income of a deleveraging across several BlackRock Muni CEFs.

CEF Weekly Review: Deleveraging Is Less Damaging For Net Income These Days

Nuveen Floating Rate Income Fund

Nuveen Global High Income Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Multi-Market Income Fund

Nuveen Preferred & Income Opportunities Fund

Nuveen Credit Strategies Income Fund

Nuveen Real Asset Income & Growth Fund

Nuveen Arizona Quality Municipal Income Fund

Nuveen Build America Bond Fund

Nuveen California Municipal Value Fund

Nuveen Dynamic Municipal Opportunities Fund

Nuveen Select Maturity Municipal Fund

Nuveen California AMT-Free Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen Minnesota Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Municipal High Income Opportunity Fund

Nuveen New York Municipal Value Fund

Nuveen Missouri Quality Municipal Income Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

Nuveen Virginia Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen New York AMT

Nuveen Municipal Value Fund Inc

Nuveen AMT-Free Municipal Value Fund

Nuveen AMT-Free Municipal Credit Income Fund

Nuveen California Select Tax-Free Income Portfolio

Nuveen New Jersey Quality Municipal Income Fund

Nuveen New York Select Tax-Free Income Portfolio

Nuveen Municipal Credit Income Fund

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

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.

NAD: Quality Municipal Bond CEF With High Leverage Usage

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

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) and Nuveen Quality Municipal Income Fund (NYSE:NAD) as well as Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) and Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announce the removal of a previously approved merger proposal from each funds' upcoming shareholder meeting agenda. Previously, the Board of Trustees of each respective fund approved the merger of NXJ.

Board Announces Removal of Merger Proposals from Annual Meeting Agenda

Eaton Vance Municipal Income 2028 Term Trust

Eaton Vance

Federated Premier Municipal Income Fund

Deutsche Strategic Municipal Income Trust

Western Asset Managed Municipals Fund

BlackRock MuniYield Quality Fund Inc

Putnam Managed Municipal Income Trust

Pimco New York Municipal Income Fund

Municipal bonds experienced a drop in 2022 due to rising interest rates, presenting a buying opportunity. Muni closed-end funds have higher portfolio yields, but net investment income has been affected by increased leverage costs. Muni CEFs have upside potential once interest rates normalize, but individual munis offer lower risk and higher yields.

Municipal Bond CEF Update Aug 2023: Valuations Are Incredible

First Trust Mortgage Income Fund

We review CEF market valuation and performance through the fourth week of August and highlight recent market action. CEFs were down with Munis underperforming due to the continued rise in Treasury yields. Coverage of leverage CEFs continues to stabilize due to the rolling over of short-term rates.

CEF Weekly Review: Coverage Continues To Stabilize

BlackRock Municipal 2030 Target Term Trust

In this article, we take a fresh look at the tax-exempt Municipal CEF sector. Both Muni CEF discounts and yields are near their decade-high level, making the sector valuation attractive. We highlight a number of tailwinds and our picks.

Municipal CEF Update: Valuation In The Sweet Spot

Leveraged closed-end bond funds have faced challenges in the past year due to rising interest rates, with the Nuveen Quality Municipal Income Fund experiencing a total return of around -10%. The spread between bond yields and the cost of leverage is starting to widen again, which could lead to increased fund income and dividend increases for NAD. Nuveen's conservative management approach and the potential end of the interest rate hiking cycle could make NAD a good investment opportunity.

Nuveen Quality Muni Income Fund: The Pain May Be Over Soon

Several municipal bond funds have attractive valuations right now. The increased likelihood of a U.S. recession could drive municipal bond prices higher.

Why I Just Loaded Up on Municipal Bond Funds

We review CEF market valuation and performance through the last week of March and highlight recent market action. CEFs had a strong week with nearly all sectors finishing in the green as investors appreciated no bad bank news and looked to a likely upcoming Fed pivot.

CEF Weekly Review: The Mirage Of 8+% Through-The-Cycle CEF Yields

Tax-exempt municipal bonds have had a tough ride since 2022; however, the sector enjoys a number of current and upcoming tailwinds. These tailwinds include a stabilization and likely increase in net income once the Fed starts to reverse the policy rate, likely further gains in the NAV and historically wide discounts.

Municipal CEF Sector Update: A Trio Of Tailwinds

Western Asset Investment Grade Income Fund

NAD is a leveraged municipal bond fund emphasizing higher credit quality. PAI is a non-leveraged fund focused on investment-grade corporate bonds.

NAD And PAI: Choosing Quality

First Trust Intermediate Duration Preferred & Income Fund

Nuveen Intermediate Duration Municipal Term Fund

Nuveen Intermediate Duration Quality Municipal Term Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund II

We review CEF market valuation and performance through the first week of February and highlight recent market action. CEFs notched another good week with EM sectors underperforming.

CEF Weekly Review: Unleveraged CEF Income Is Holding Up

What a difference a year makes - a year ago Muni bond yields were barely above 1% while Muni CEF discounts were close to zero. This time around both bond yields and CEF discounts are at very attractive levels.

Muni CEF Update: Great Time To Buy But Not Without Challenges

BlackRock Taxable Municipal Bond Trust

Angel Oak Financial Strategies Income Term Trust

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc.

We review closed-end fund market valuation and performance through the second week of January and highlight recent market action. CEFs continue to power ahead, stringing together two strong weeks in a row.

CEF Weekly Review: Key CEF Lessons Of 2022

End-of-year tax-loss selling widens discounts from net asset values, trims prices, and boosts yields.

These Overlooked Muni-Bond Funds Are On Sale at Deep Discounts

We provide another update on the PIMCO tax-exempt and taxable suites of CEFs. Most taxable funds continued to deleverage in June, bringing total deleveraging for some funds to around 20-25% over the last 3 months.

PIMCO CEF Update: Gauging The Impact Of Rising Short-Term Rates On Income

Nuveen Quality Municipal Income Fund has outperformed most state-specific funds over the long term. The fact that NAD dividends are subject to state tax doesn't change the results much for middle-income investors.

NAD: Better Than Nuveen State-Specific Muni Funds

News for Nuveen Quality Municipal Income Fund ETF (NAD)