Nuveen Intermediate Duration Municipal Term Fund
NID
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Timothy T. Ryan CFA
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Dec 6, 2012
- CIK
- 0001557915
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Intermediate Duration Municipal Term Fund (NYSE: NID) operates as a closed-end fixed income mutual fund that seeks to provide a high level of current income exempt from regular federal income tax, with a secondary objective of total return; it primarily invests in investment-grade municipal securities rated Baa/BBB or better by S&P, Moody's, or Fitch, featuring an intermediate effective duration between 3 and 10 years. The fund targets municipal bonds in the United States fixed income markets, focusing on tax-exempt securities to deliver stable income to shareholders. Launched on December 5, 2012, and domiciled in the United States with headquarters associated with Nuveen in Chicago, Illinois, the fund was managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors, LLC. In a major operational change, the fund completed its termination and liquidation on March 31, 2023, in accordance with its predefined term structure, distributing cash of $11.6956 per common share and one unit of the Nuveen Intermediate Duration Municipal Term Fund Liquidating Trust per share to facilitate the orderly disposition of remaining securities. The liquidating trust holds residual assets, with units non-transferable except by operation of law and not listed on any exchange, marking the fund's cessation of active trading as of March 27, 2023. Over its ten-year life, NID delivered 121 regular distributions totaling $6.0315 per share, yielding an average annual distribution rate of 4.08% on NAV. No recent partnerships, acquisitions, or new product launches apply post-liquidation, as the entity transitioned fully to wind-down operations.