Nuveen Virginia Quality Municipal Income Fund (NPV) is a closed-end management investment company that seeks current income exempt from both regular federal income taxes and Virginia state income taxes, with a secondary objective of enhancing portfolio value relative to the Virginia municipal bond market. The Fund invests primarily in a diversified portfolio of Virginia municipal securities, including at least 80% of managed assets in investment-grade securities or those deemed comparable by the investment sub-adviser, with up to 20% in below-investment-grade securities (limited to 10% rated below B-/B3 or equivalent); it may also employ leverage to increase investment exposure. Shares trade on the New York Stock Exchange under the ticker NPV.
Incepted on March 18, 1993, and managed by Nuveen Fund Advisors, LLC, an indirect subsidiary of Nuveen, a TIAA company headquartered in Chicago, Illinois, the Fund targets Virginia state residents and investors seeking tax-advantaged income from municipal bonds issued by state and local governments, hospitals, utilities, and other public entities.
Recent distributions include monthly dividends of $0.072 per share from January to July 2025 (ex-dates including July 15, 2025), reflecting a stable payout policy amid ongoing portfolio management; the next ex-dividend date is December 15, 2025, with payments typically on the first or third of the following month. The Fund continues to emphasize tax-exempt Virginia municipal securities that the sub-adviser views as underrated or undervalued, with no reported acquisitions, mergers, or strategic shifts specific to NPV in the last 1-2 years amid steady operations.