Nuveen Municipal Credit Opportunities Fund
NMCO
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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606
- IPO Date
- Sep 17, 2019
- CIK
- 0001774342
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Municipal Credit Opportunities Fund (NMCO) is a diversified, closed-end management investment company that seeks a high level of current income exempt from regular U.S. federal income tax, with a secondary objective of total return. The Fund invests primarily in high yielding, low- to medium-quality municipal securities rated Baa/BBB or lower (or unrated equivalents) at the time of investment; no more than 30% of managed assets are in securities rated CCC+/Caa1 or lower (or equivalents); and no more than 10% in defaulted securities or those of issuers in bankruptcy or insolvency proceedings. It employs leverage through instruments such as MuniFund Preferred Shares (MFP Shares) and residual interest certificates of tender option bond trusts (inverse floating rate securities), and operates with a 12-year term subject to potential conversion to perpetual status. The Fund targets undervalued municipal securities across diverse sectors via a bottom-up, research-intensive strategy managed by Nuveen Asset Management, serving income-focused investors in the U.S. municipal bond market. Founded on April 18, 2019, and headquartered at 333 West Wacker Drive, Chicago, Illinois, the Fund is part of Nuveen's leading closed-end fund platform, which ranks #1 by assets under management in municipal fixed income. Its shares trade on the New York Stock Exchange under the ticker NMCO. In recent developments, the Fund has maintained stable monthly distributions under a managed distribution policy, with declarations including $0.0685 per share in October 2025 and ongoing payments as of December 2025 that may incorporate return of capital when exceeding net investment income. As of August 31, 2024, leverage remained in place via outstanding MFP Shares and inverse floaters, supporting its investment strategy amid fiscal year total return of $128.03 million in net income for the period ended October 31, 2024. A board member sale of 7,925 shares occurred on December 11, 2025, at prices of $10.68-$10.69, reflecting routine insider activity in a fund with a market capitalization of approximately $548-$574 million. No major acquisitions, partnerships, or structural reorganizations have been reported in the last 1-2 years.