Nuveen Municipal Value Fund, Inc. Reports Earnings Results for the Full Year Ended October 31, 2020
January 07, 2021 at 12:23 pm EST
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Nuveen Municipal Value Fund, Inc. announced earnings results for the full year ended October 31, 2020. For the full year, the company announced net income was USD 59.046 million.
Nuveen Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs primary investment objective is current income exempt from federal income tax. The Fundâs secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The Fund seeks to invest at least 80% of its assets in municipal securities, the income from which is exempt from regular federal income taxes. The Fund also invests up to 20% of its managed assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. It invests up to 15% of its managed assets in inverse floating rate securities. It also invests a portion of its managed assets in certain sectors of the municipal securities market, such as hospitals and other health care facilities, charter schools and other private educational facilities, and others. The Fund's investment advisor is Nuveen Fund Advisors, LLC.
NUVEEN MUNICIPAL VALUE FUND, INC. 
