Nuveen New York Municipal Value Fund, Inc. Announces Monthly Dividend with the Payment Date on February 2, 2015
January 02, 2015 at 04:53 pm EST
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Nuveen New York Municipal Value Fund, Inc. announced dividend at the rate of $0.0325 per share monthly tax free distribution. Record date is January 15, 2015, ex-dividend date is January 13, 2015 and the payment date is February 2, 2015.
Nuveen New York Municipal Value Fund (the Fund), formerly Nuveen New York Municipal Value Fund, Inc., is a diversified closed-end management investment company. The Fundâs primary investment objective is to provide, through investment in a professionally managed portfolio of tax-exempt New York municipal obligations, current interest income exempts from both federal and New York State and New York City personal income taxes. The Fundâs secondary investment objective is to achieve enhancement of portfolio value through investments in tax-exempt New York municipal obligations. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. It may invest approximately 20% of its managed assets in municipal securities rated below investment quality or judged to be of comparable quality. The Fund's investment adviser is Nuveen Fund Advisors, LLC.