Nuveen Municipal Income Fund, Inc.
New York Stock ExchangeCapital 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.- CEO
- Johnathan N. Wilhelm
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- May 4, 1988
- CIK
- 0000830271
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Municipal Income Fund, Inc. (NYSE: NMI) operates as a diversified, closed-end management investment company focused on providing a high level of current income exempt from regular federal income tax. The fund invests primarily in a portfolio of tax-exempt municipal securities issued by state and local government authorities across the United States, including obligations from sectors such as healthcare, materials, education, civic organizations, and consumer staples; it allocates up to 75% of managed assets to municipal securities rated Baa/BBB or lower, encompassing below-investment-grade bonds or unrated equivalents deemed comparable by the manager, with no more than 10% in securities rated below B3/B- or similar unrated issues; the fund also employs inverse floating rate municipal securities, known as tender option bonds, to enhance strategy efficiency, potentially generating up to 10% effective leverage. Incorporated in the United States and managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC under the Nuveen Investments umbrella, the fund trades on the New York Stock Exchange and targets income-seeking investors in the fixed-income markets, with geographic operations centered on U.S. municipal bonds. In September 2023, the Board of Trustees approved updates to investment policies that increased flexibility for allocations to lower-rated municipal securities, enabling broader access to high-yield opportunities while maintaining the core tax-exempt income objective.
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Nuveen Municipal Income Fund Inc. (NYSE:NMI) Declares $0.03 Monthly Dividend