# Nuveen Municipal Income Fund, Inc. (NMI): Closed-End Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/nmi for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Nuveen · Asset class: Bond - Strategy: Actively Managed · Inception: 1988-05-04 The Nuveen Municipal Income Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments. Established by Nuveen Investments Inc., its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates capital to the United States' fixed income markets, with a significant emphasis on municipal obligations issued by state and local government authorities. Its diversified investment portfolio includes holdings connected to various sectors such as healthcare, materials, education, civic organizations, and... ## Key Facts | Metric | Value | |---|---| | Price | $9.62 | | Expense Ratio | 0.75% | | Market Value | $116.2M | | NAV | Not on file (no daily NAV for this closed-end fund) | | Holdings Count | — | | Distribution Yield (TTM) | 4.74% | | Annual Distribution (TTM) | $0.46 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.10 – $11.28 | | Beta | 0.35 | ## Latest Distribution - Amount: $0.0380 /share - Ex-date: 2026-10-15 - Pay date: 2026-11-02 ## Next Distribution (Declared) - Amount: $0.0380 /share - Ex-date: 2026-11-13 - Pay date: 2026-12-01 ## Frequently Asked Questions ### What does NMI invest in? The Nuveen Municipal Income Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments. Established by Nuveen Investments Inc., its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates capital to the United States' fixed income markets, with a significant emphasis on municipal obligations issued by state and local government authorities. Its diversified investment portfolio includes holdings connected to various sectors such as healthcare, materials, education, civic organizations, and consumer staples. Formed on April 20, 1988, this U.S.-based fund has been in operation for decades. ### What is the expense ratio of NMI? Nuveen Municipal Income Fund, Inc. (NMI) charges an expense ratio of 0.75%. This is the annual fee deducted from fund assets to cover management and operations. ### What is NMI's dividend yield? NMI's trailing-twelve-month yield is 4.74%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of NMI? Effective duration measures NMI's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. NMI's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of NMI? NMI's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of NMI? Yield to maturity (YTM) is the total return you'd earn from NMI if every bond in the portfolio is held to maturity at the current price. NMI's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does NMI pay a dividend? Yes, Nuveen Municipal Income Fund, Inc. (NMI) distributes dividends to shareholders. The trailing-twelve-month yield is 4.74%. Full dividend history is on this page. ### How often does NMI pay dividends? Nuveen Municipal Income Fund, Inc. pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is NMI's next ex-dividend date? The most recently announced ex-dividend date for NMI was 2026-11-13. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will NMI's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.75% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does NMI charge its expense ratio? The expense ratio is deducted in tiny daily slices from NMI's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does NMI cost more than a fund like VOO? NMI is actively managed (current expense ratio 0.75%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether NMI's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to NMI? The Lower-Fee Alternatives card above lists closed-end funds following the same investment strategy as NMI (0.75%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/nmi - Distribution history: https://www.dividenddata.com/funds/nmi/dividend - Holdings & diversification: https://www.dividenddata.com/funds/nmi/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/nmi/expenses - Peer comparison: https://www.dividenddata.com/funds/nmi/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.