I've just read the Nuveen Oct 31 annual report on the subject and was puzzled that it ..... were trying to sell and become whole again. Went to court and NPM was allowed to buy back the ARPS's at a liquidation price. I believe it was all Nuveen , but it was over 30 of their funds I do not know the numbers …
… this action. The affected funds are: Nuveen Premier Municipal Income Fund, Inc ..... AAA' / 'F1+' Rating Watch Negative; Nuveen Premium Income Municipal Fund 2, Inc. (NYSE: NPM ) --$489,500,000 of VRDPs, series ..... F1+', Rating Watch Negative; Nuveen Investment Quality Municipal Fund, Inc …
… web site I added up the % of bonds of A or better wanting to stay at the high end of credit rating. This leaves MFL, NIO, NPM , NPI & NZF with 80% of bonds rated A or better to select from. 7. This leaves only two fund families and since it doesn ..... be a team, I'm electing to pick one fund from each family. I'll choose MFL (BlackRock) because it's the only non Nuveen choice and I'd choose NPI because it has the longest duration of the others. On most or all the percent leverage was similar …
… information on these factors, refer to my first report on Nuveen ( NPM ). I still like NPM , which has recovered nicely since the big Whitney-induced “bottom” back in January. NPM recently reported that as of May 31, the percentage …
… s I tried to apply the methodology by George Spitzer from seeking alpha http://seekingalpha.com/article/247860- nuveen -premium-income-municipal-fund-2-a-good-core-holding I am stating below my novice analysis using the same ..... was less than 9% of total close to the 10% which is supposed to be average. Factor 7 Credit Quality Didnt look as good as NPM which was in the original SA analysis but weighted A- was above BBB. Factor 8: Interest rate exposure. I liked the fact …
… This is one of a series of articles on specific municipal bond closed-end funds. In this report, I will analyze the Nuveen Select Tax Free Income 3 Fund ( NXR ). NXR is national unleveraged municipal bond closed-end fund that is currently earning ..... evaluating any municipal bond closed-end fund. For more background information on these factors, refer to my first report on NPM . Factor #1: What is the distribution rate? In the current market, there are three “tiers” of national municipal bond …
… interest rate risk and volatility, trading liquidity, AMT exposure and desired distribution amounts. I have selected the Nuveen Premium Income Municipal Fund 2 ( NPM ) for the first report, because it is a good core holding for many investors. It is a national muni fund with holdings in …