Nuveen Massachusetts Quality Municipal Income Fund
NMT
New York Stock Exchange- -
USD
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- -
Capital Structure
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- CEO
- Michael S. Hamilton
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Mar 18, 1993
- CIK
- 0000897419
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Massachusetts Quality Municipal Income Fund (NMT) is a closed-end fixed income mutual fund that seeks current income exempt from regular federal and Massachusetts personal income taxes, with a secondary objective of enhancing portfolio value. The fund primarily invests in undervalued municipal securities and related investments exempt from federal and Massachusetts state income taxes, allocating at least 80% of its managed assets to investment-grade securities (rated Baa/BBB or equivalent by S&P, Moody's, or Fitch, or unrated securities deemed comparable by the manager) and up to 20% to below-investment-grade securities (with no more than 10% rated below B-/B3 or equivalent); it employs leverage to enhance returns and benchmarks performance against the S&P Massachusetts Municipal Bond Index and S&P National Municipal Bond Index. The fund was launched on January 12, 1993 by Nuveen Investments, Inc., is co-managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC, and is domiciled in the United States with headquarters at 333 West Wacker Drive, Chicago, Illinois.