Nuveen Municipal Credit Income Fund
NZF
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.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Alan Glenn Berkshire
- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 333 West Wacker Drive Chicago IL United States of America 60606-1220
- IPO Date
- Oct 3, 2001
- CIK
- 0001137887
- Website
- nuveen.com
- Similar Companies
- Business
- Nuveen Municipal Credit Income Fund (NYSE: NZF) is a diversified, closed-end management investment company that seeks to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market. The Fund invests at least 80% of its managed assets in municipal securities and related investments whose income is exempt from regular federal income taxes, including tax-exempt municipal bonds that its investment adviser, Nuveen Fund Advisors, LLC, believes are underrated, undervalued, or represent undervalued municipal market sectors; up to 55% of managed assets may be invested in securities rated BBB or below (or unrated equivalents determined by the portfolio team); up to 20% of managed assets may include municipal securities subject to the federal alternative minimum tax; and the Fund employs leverage to enhance returns. Portfolio managers Kristen M. DeJong and Scott R. Romans oversee the actively managed portfolio, which primarily targets investment-grade municipal bonds while pursuing higher-yielding opportunities in lower-rated credits. Incorporated in 2001 and headquartered at 333 West Wacker Drive in Chicago, Illinois, the Fund operates within the municipal bond sector, serving income-focused investors seeking tax-advantaged yields from U.S. municipal issuers across various states and regions. Recent major developments include the April 2023 merger of Nuveen Ohio Quality Municipal Income Fund (NYSE: NUO) and Nuveen Georgia Quality Municipal Income Fund (NYSE: NKG) into NZF, which acquired all assets and liabilities of the two funds in tax-free reorganizations, increasing NZF's scale, lowering operating expenses, enhancing earnings potential, and boosting exchange trading volume for its common shares. This followed a June 2022 reorganization merging Nuveen Enhanced Municipal Value Fund (NYSE: NEV) into NZF, further consolidating assets under management to approximately part of Nuveen's $62 billion in closed-end fund assets at that time. The Fund continues to announce monthly distributions, such as the October 2025 cash dividend of $0.0795 per share (ex-dividend date October 15, 2025), with recent estimates indicating portions from capital gains and return of capital alongside net investment income.