Nuveen Minnesota Quality Municipal Income Fund
NMS
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
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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.- CEO
- Christopher L. Drahn
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Oct 8, 2014
- CIK
- 0001607997
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end management investment company that seeks to provide current income exempt from regular federal and Minnesota personal income taxes, with a secondary objective to enhance portfolio value relative to the Minnesota municipal bond market. The Fund primarily invests at least 80% of its managed assets in investment grade municipal securities issued by Minnesota-based entities or those serving the state, including general obligation and revenue bonds financing public projects such as schools, transportation infrastructure, and utilities; it may allocate up to 20% to below-investment grade municipal securities and limits exposure to below B3/B- rated securities to no more than 10% of managed assets. The Fund employs leverage to enhance returns and focuses on undervalued or underrated Minnesota municipal securities through active management by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC. Headquartered in Chicago, Illinois, at 333 West Wacker Drive, the Fund operates within the U.S. fixed income markets, targeting Minnesota residents and investors seeking tax-exempt income, with investments concentrated in long-term municipal bonds from the state. In recent developments, the Fund participates in Nuveen's closed-end fund complex-wide share repurchase program, under which it has authorization to buy back up to 590,000 common shares and has already repurchased and retired 10,000 shares as of the latest reporting period ended May 31, 2025, aiming to enhance shareholder value by reducing outstanding shares. The Fund continues to declare regular monthly distributions, with notices issued for periods including October 2025, often comprising sources beyond net investment income such as capital returns. No major acquisitions, mergers, or strategic reorganizations involving NMS were announced in 2024 or 2025, distinguishing it from peer Nuveen municipal funds involved in proposed consolidations.