Nuveen Enhanced Municipal Value Fund
NEV
New York Stock Exchange- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 W Wacker Dr Chicago IL United States of America 60606-1220
- IPO Date
- Sep 25, 2009
- CIK
- 0001469392
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Enhanced Municipal Value Fund (NYSE: NEV) is a diversified closed-end management investment company focused on providing current income exempt from regular federal income tax; its secondary objective is the enhancement of portfolio value through the selection of tax-exempt bonds and municipal market sectors. The Fund invests at least 80% of its managed assets in municipal securities whose income is exempt from federal income taxes, including municipal bonds, notes, certificates of participation, variable rate demand obligations, lease obligations, pre-refunded municipal bonds, securities issued by tender option bond trusts (including inverse floating rate securities), and other related investments; it primarily targets investment-grade securities (at least 80% of managed assets), with up to 10% rated below B-/B3 or equivalent at purchase, and may employ up to 10% effective leverage via tender option bonds. The Fund emphasizes undervalued municipal securities in the U.S. fixed income markets, with an average maturity of around 23 years, serving income-focused investors seeking tax-exempt returns and potential capital appreciation. Launched under Nuveen Investments, Inc. and co-managed by Nuveen Fund Advisors, LLC (investment adviser) and Nuveen Asset Management, LLC (sub-adviser), the Fund operates from headquarters at 333 West Wacker Drive, Chicago, Illinois 60606. Nuveen, the sponsoring firm founded in 1898, maintains a global presence but the Fund concentrates on U.S. municipal securities. In June 2022, the Fund underwent a significant reorganization, merging into Nuveen Municipal Credit Income Fund (NYSE: NZF) in a tax-free transaction where NZF acquired substantially all of NEV's assets and liabilities in exchange for newly issued common shares based on closing net asset values. Despite this historical merger, NEV continues to be referenced and traded as a distinct entity in recent market data and analyses as of 2025. No major partnerships, funding rounds, acquisitions, new product launches, or operational shifts specific to the Fund have been reported in the last 1-2 years amid Nuveen's broader activities, such as strategic alliances in its private capital arm.