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Nuveen New York Municipal Valu (NYSE: NNY - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $8.49 and traded as low as $8.45. Nuveen New York Municipal Valu shares last traded at $8.47, with a volume of 34,409 shares changing
Shares of Nuveen New York Municipal Valu (NYSE: NNY - Get Free Report) crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $8.48 and traded as low as $8.16. Nuveen New York Municipal Valu shares last traded at $8.16, with a volume
NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.
NEW YORK--(BUSINESS WIRE)--Nuveen today announced that the Nuveen New York Municipal Value Fund (NYSE: NNY) has declared a post-reorganization distribution. The distributions follow the pre-reorganization distribution, announced on March 30, 2021. The following dates apply to today's post-reorganization distribution declaration: Record Date April 22, 2021 Ex-Dividend Date April 21, 2021 Payable Date May 3, 2021 Per Share Distribution Ticker Exchange Fund Name Tax-Exempt Income NNY NYSE Nuveen N
NEW YORK--(BUSINESS WIRE)--Four Nuveen Closed-End Funds announced pre-reorganization distributions. The specific distribution dates and amounts are detailed below. As previously announced, shareholders of the Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) have approved the fund’s reorganization into Nuveen Quality Municipal Income Fund (NYSE: NAD). Additionally, shareholders of the Nuveen New York Municipal Value Fund, Inc. (NYSE: NNY) have approved a change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust. Upon completion of the change of domicile, NNY will become Nuveen New York Municipal Value Fund. Shareholders of the Nuveen New York Municipal Value Fund 2 (NYSE: NYV) also have approved the fund’s reorganization into NNY. The pre-reorganization distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the reorganization going effective. Following the transactions, NNY is expected to declare an additional post-closing distribution, with a record date of April 22, 2021, payable May 3, 2021. NAD is not expected to declare any additional post-closing distribution. For each fund, the total per-common share dollar amount of the pre- and post-closing tax-exempt distributions received on May 3, 2021 will be equal to or greater than the per-common share dollar amount of the prior month’s tax-exempt dividend. The following dates apply to today's pre-reorganization distribution declarations: Record Date April 9, 2021 Ex-Dividend Date April 8, 2021 Payable Date May 3, 2021 Per Share Distribution Ticker Exchange Fund Name Tax-Exempt Income Ordinary Income Long-Term Capital Gain NMY NYSE Nuveen Maryland Quality Municipal Income Fund $0.0718 $0.0000 $0.0000 NAD NYSE Nuveen Quality Municipal Income Fund $0.0595 $0.0000 $0.0000 NYV NYSE Nuveen New York Municipal Value Fund 2 $0.0211 $0.0000 $0.0000 NNY NYSE Nuveen New York Municipal Value Fund, Inc. $0.0207 $0.0000 $0.0000 For more information about UNII, each fund and the shareholder-approved reorganizations, please visit www.nuveen.com/CEF. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Dec 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. FORWARD LOOKING STATEMENTS Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: market developments; legal and regulatory developments; and other additional risks and uncertainties. Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement. EPS-1584339PR-E0321X
NEW YORK--(BUSINESS WIRE)--Shareholders of the Nuveen Maryland Quality Municipal Income Fund (NYSE: NMY) have approved the fund's reorganization into Nuveen Quality Municipal Income Fund (NYSE: NAD). Additionally, shareholders of the Nuveen New York Municipal Value Fund, Inc. (NYSE: NNY) have approved a change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust. Upon completion of the change of domicile, NNY will become Nuveen New York Municipal Value Fund.
13 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. Commodities lead while MLPs lag.
NEW YORK--(BUSINESS WIRE)--The Board of Trustees for eleven Nuveen municipal closed-end funds approved five reorganization proposals. The reorganizations are subject to customary conditions, including shareholder approval. The reorganizations are intended to create larger funds with lower operating expenses and increased trading volume on the exchange for common shares. More information on the proposed reorganizations will be contained in proxy materials expected to be filed in the coming weeks. The proposed fund reorganizations are as follows: Acquired Fund Symbol Acquiring Fund Symbol Nuveen California Municipal Value Fund 2 NCB Nuveen California Municipal Value Fund, Inc. NCA Nuveen New York Municipal Value Fund 2 NYV Nuveen New York Municipal Value Fund, Inc. NNY Nuveen Pennsylvania Municipal Value Fund NPN Nuveen AMT-Free Municipal Value Fund NUW Nuveen New Jersey Municipal Value Fund NJV Nuveen AMT-Free Municipal Value Fund NUW Nuveen Maryland Quality Municipal Income Fund NMY Nuveen Quality Municipal Income Fund NAD Nuveen Michigan Quality Municipal Income Fund NUM Nuveen AMT-Free Quality Municipal Income Fund NEA For more information, please visit Nuveen’s CEF homepage www.nuveen.com/closed-end-funds. FORWARD-LOOKING STATEMENTS Certain statements made herein are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to: market developments; legal and regulatory developments; the ability to satisfy conditions to the proposed reorganizations; and other additional risks and uncertainties. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Nuveen and the closed-end funds managed by Nuveen Fund Advisers and Nuveen affiliates undertake no responsibility to update publicly or revise any forward-looking statements. The annual and semi-annual reports and other regulatory filings of Nuveen closed-end funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s web site at www.sec.gov and on Nuveen’s web site at http://www.nuveen.com/cef and may discuss the above-mentioned or other factors that affect Nuveen closed-end funds. The information contained on the Nuveen website is not a part of this press release. IMPORTANT INFORMATION In connection with the reorganization proposals discussed herein, the funds expect to file with the SEC solicitation materials in the form of proxy statements and/or joint proxy statement/prospectuses that will be included in registration statements on Form N-14, as applicable. After each registration statement is filed with the SEC, it may be amended or withdrawn and the proxy statement and/or joint proxy statement/prospectus will not be distributed to shareholders unless and until the registration statement is declared effective by the SEC. Investors are urged to read the solicitation materials and any other relevant documents when they become available because they will contain important information about the reorganization proposals. After they are filed, free copies of the solicitation materials will be available on the SEC’s web site at www.sec.gov. This communication is for informational purposes only and is not a solicitation of a proxy from any fund shareholder and does not constitute an offer of any securities for sale. No offer of securities will be made except pursuant to a prospectus meeting the requirements of Section 10 of the Securities Act of 1933. However, the funds, Nuveen Fund Advisers and certain of their respective directors/trustees, officers and affiliates may be deemed under the rules of the SEC to be participants in the solicitation of proxies from shareholders in connection with the reorganization proposals discussed herein. Information about the directors/trustees and officers of the funds may be found in their respective annual reports previously filed with the SEC. Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results. Closed-end funds frequently trade at a discount to their net asset value. About Nuveen Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1 trillion in assets under management as of 30 June 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC. The information contained on the Nuveen website is not a part of this press release. EPS-1295370PR-E0820X
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