Nuveen New York Municipal Value Fund, Inc. Reports Earnings Results for the Half Year Ended August 31, 2019
November 07, 2019 at 01:22 pm EST
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Nuveen New York Municipal Value Fund, Inc. announced earnings results for the half year ended August 31, 2019. For the half year, the company announced net income was USD 9.306 million compared to USD 0 a year ago.
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.
NUVEEN NEW YORK MUNICIPAL VALUE FUND 
