Nuveen New Jersey Quality Municipal Income Fund
NXJ
New York Stock Exchange- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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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.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Sep 12, 2002
- CIK
- 0001087786
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ) is a closed-end management investment company that seeks to provide current income exempt from regular federal and New Jersey state income taxes and to enhance portfolio value relative to the municipal bond market. The Fund invests primarily in a diversified portfolio of municipal securities exempt from federal and New Jersey income taxes, with at least 80% of its managed assets allocated to investment-grade securities or unrated securities deemed comparable by the manager; up to 20% may be invested in below-investment-grade municipal securities, of which up to 10% may be rated below B-/B3 or equivalent, focusing on undervalued or underrated bonds and municipal market sectors. It employs leverage to enhance returns and benchmarks performance against the S&P New Jersey Municipal Bond Index. The Fund distributes income through regular monthly dividends to shareholders, targeting New Jersey residents seeking tax-advantaged fixed income exposure; it operates within the asset management industry, specifically the municipal bond closed-end fund segment, with nationwide availability but state-specific tax benefits. Formed on June 1, 1999, and domiciled in the United States, the Fund is managed by Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC, with headquarters at 333 West Wacker Drive, Chicago, Illinois. In recent developments, effective September 18, 2025, Kristen DeJong joined existing portfolio managers Paul Brennan and Steve Hlavin, strengthening the management team without altering the investment strategy. On September 19, 2025, the Fund's Board of Trustees approved a proposed merger with Nuveen Missouri Quality Municipal Income Fund (NOM), Nuveen Pennsylvania Quality Municipal Income Fund (NQP), and Nuveen Municipal High Income Opportunity Fund (NMZ), whereby NOM, NXJ, and NQP would combine into NMZ to form a larger entity with greater trading volume, pending shareholder approval at annual meetings scheduled for January 16, 2026. These changes reflect ongoing efforts to optimize scale and liquidity in Nuveen's municipal closed-end fund lineup, which totals $52 billion in assets across 45 funds as of June 30, 2025.