Nuveen Intermediate Duration Municipal Term Fund

Nuveen Intermediate Duration Municipal Term Fund is a closed-end management investment fund. Its objective is to provide a high level of current income exempt from regular federal income tax. The company was founded on September 11, 2012 and is headquartered in Chicago, IL.

NEW YORK--(BUSINESS WIRE)--Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) completed its termination and liquidation following the close of business on March 31, 2023. The termination and liquidation was performed in accordance with the fund's investment objectives and organizational documents, consistent with the fund's previously announced liquidation plans.

Nuveen Intermediate Duration Municipal Term Fund Announces Termination and Liquidation

Nuveen Intermediate Duration Quality Municipal Term Fund

NEW YORK--(BUSINESS WIRE)--As previously announced, the Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund's originally scheduled termination date. NID intends to liquidate on or before March 31, 2023, and NIQ intends to liquidate on or before June 30, 2023.

Nuveen Intermediate Duration Municipal Term Fund and Nuveen Intermediate Duration Quality Municipal Term Fund Announce Additional Liquidation Details

First Trust Intermediate Duration Preferred & Income Fund

Nuveen Quality Municipal Income 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

BlackRock 2037 Municipal Target Term Trust

BlackRock Science and Technology Trust II

BlackRock Enhanced Government Fund

Eagle Point Income Company Inc

First Trust High Yld Oprtnts 2027 Tr Fn

Western Asset Global Corp Defined Opportunity Fund Inc

Miller/Howard High Income Equity Fund

Western Asset Investment Grade Defined Opportunity Trust

Nuveen Multi-Asset Income Fund

RiverNorth Capital and Income Fund

Term funds have a few topics making them different that I hope to clear up with today's overview. Term funds can benefit shareholders as NAV is realized one way or another.

Closed-End Funds: Term Structure Potential Vs. Perpetual Funds

NEW YORK--( BUSINESS WIRE )--The Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) has filed with the Securities and Exchange Commission a notice of intention to redeem the fund's outstanding Series 2023 Adjustable Rate MuniFund Term Preferred Shares. The Adjustable Rate MuniFund Term Preferred Share redemption price will be the $100,000 liquidation preference per share, plus an additional amount representing the final accumulated dividends owed. The Fund expects to finance the Series 2023 Adjustable Rate MuniFund Term Preferred Share redemption with portfolio sales and cash on hand, and this redemption is contingent upon the completion of all aspects of such portfolio sales by the Fund, which may not occur as planned. Official notification of the redemption will be delivered to affected shareholders through The Depository Trust Company (DTC).

Nuveen Intermediate Duration Municipal Term Fund Announces Intention to Redeem Preferred Shares

NEW YORK--( BUSINESS WIRE )--The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved the liquidation of each fund upon the fund's originally scheduled termination date. NID intends to liquidate on or before March 31, 2023, and NIQ intends to liquidate on or before June 30, 2023.

Nuveen Intermediate Duration Municipal Term Fund and Nuveen Intermediate Duration Quality Municipal Term Fund Announce Liquidation Details

Nuveen Select Tax-Free Income Portfolio

The Nuveen Select Tax-Free Income Portfolio is one of the few Municipal Bond CEFs that allows investor exposure without leverage. The Nuveen Intermediate Duration Municipal Term Fund was scheduled for possible termination in March 2023. The vote to eliminate that provision was approved in October 2022.

NXP And NID: Nuveen's Best National Muni CEFs Over Last 5 Years

Credit Suisse Asset Management Income Fund

SPDR Bloomberg High Yield Bond ETF

We review CEF market valuation and performance through the third week of October and highlight recent market action. The CEF space was fairly flat this week with Munis underperforming and Equity-linked funds outperforming.

CEF Weekly Review: High Yields Understate Bond Distribution Coverage

NEW YORK--(BUSINESS WIRE)--Shareholders of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) have approved a proposal to restructure their respective funds.

Nuveen Municipal Closed-End Funds Announce Results of Special Shareholder Meeting

Ares Dynamic Credit Allocation Fund

Angel Oak Financial Strategies Income Term Trust

We review CEF market valuation and performance through the first full week of September and highlight recent market action. CEFs had a decent week as most of the space was able to easily digest higher Treasury yields.

CEF Weekly Review: What's Behind Loan CEF Discount Underperformance?

Blackrock Long-Term Municipal Advantage Trust

BNY Mellon Municipal Bond Infrastructure Fund, Inc. 

Federated Premier Municipal Income Fund

BlackRock MuniVest Fund Inc

Invesco Municipal Income Opportunities Trust

Pimco Municipal Income Fund

Pimco Municipal Income Fund III

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Western Asset Diversified Income Fund

Western Asset Premier Bond Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Risk assets continue to rebound with investors focusing on the potential of a Fed pivot given slower growth and inflation. We think we will shift from a stagflationary economic regime to a deflationary bust one. That means adding duration and quality.

CEF Report August 2022 - CEFs Continue In Rally Mode, But For How Long?

BlackRock MuniAssets Fund

Nuveen Municipal Credit Income Fund

Despite rising Treasury yields, the Muni sector continues to outperform as the current market dislocation hits lower-quality sectors harder. We take a look at a number of misconceptions held by some CEF investors, especially regarding PIMCO vs. Nuveen funds.

Municipal Sector Update: Munis Continue To Outperform As Markets Dislocate

NEW YORK--(BUSINESS WIRE)--The Board of Trustees of Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) and Nuveen Intermediate Duration Quality Municipal Term Fund (NYSE: NIQ) has approved a proposal that will allow shareholders of the fund the opportunity to maintain their investment in the fund and exposure to leveraged, intermediate duration municipal securities. In light of the upcoming scheduled terminations of NID on March 31, 2023 and NIQ on June 30, 2023, the proposals ask sha

Nuveen Municipal Closed-End Funds Announce Shareholder Proposals

MFS High Yield Municipal Trust

MFS Investment Grade Municipal Trust

BlackRock MuniYield Quality Fund III Inc

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen Municipal Credit Opportunities Fund

We take a look at the Municipal CEF sector which has held up very well despite a rise in Treasury yields. Fundamentals remain in good shape with the fiscal stimulus feeding through and the potential infrastructure tailwind in the pipeline.

Municipal CEF Market Update

Virtus AllianzGI Convertible & Income 2024 Target Term Fund

BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc

Western Asset Mortgage Opportunity Fund

Nuveen Mortgage Opportunity Term Fund

Nuveen Preferred & Income Term Fund

We have been discussing tight valuations and ways to reduce risk including shifting to open-end mutual funds as you wait out valuations. Another option is shifting to term funds as a mechanism for reducing downside risk and creating that positive skew amidst rich discounts.

Using Term Funds For A Source Of Cash During Market Sell-Offs

Nuveen Floating Rate Income Fund

Nuveen Senior Income Fund

I have tried to reduce my overall CEF allocation- I continue to make some rotational trades into areas of the marketplace I think are best positioned for gains.

The 3 Funds I Recently Added To My Portfolio With Yields Up To 7.40%

iShares CMBS ETF

BlackRock MuniVest Fund II Inc

BlackRock MuniYield Fund

We look at some broad CEF trends that have developed over the past year, such as performance relative to ETFs, as well as discount weakness. In our Income Portfolios, we continue to approach CEF allocation with a margin-of-safety perspective, while also diversifying into senior securities.

News for Nuveen Intermediate Duration Municipal Term Fund ETF (NID)