CHICAGO--(BUSINESS WIRE)--To celebrate the 30th anniversary of the Nuveen Municipal Value Fund (NYSE: NUV), Nuveen will ring the Opening Bell at the New York Stock Exchange on June 27th. Managed by Dan Close and supported by a deep team of research analysts, this fund was introduced in June of 1987, and is Nuveen’s oldest closed-end fund.
“For 30 years, NUV has strived to provide investors with stable, tax-free income, month after month and year after year, throughout various market cycles,” said Anne Kritzmire, Managing Director of Nuveen’s Closed-End Fund Investors Relations Program. “This bell-ringing represents the relentless pursuit of that goal, as the fund has delivered to investors more than $3 billion of monthly tax-free distributions since its IPO. Not only has this fund helped grow hundreds of thousands of families’ income and retirement portfolios, it has provided funding that has helped build America’s schools, hospitals, roads, and countless other projects essential to our cities, counties, and states.”
The demand for tax-free income, especially as the Baby Boomer generation is now entering retirement en masse, has never been greater, Kritzmire said. Investors are looking for funds that can generate a reliable dividend over time—an important element of any well-balanced income portfolio. To learn more about Nuveen’s suite of tax-free and taxable closed-end funds, visit Nuveen Closed-End Funds.
Nuveen offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. As the investment management arm of TIAA, Nuveen has $906 billion in assets under management as of 3/31/17 and operations in 16 countries. Its affiliates 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.
Securities offered through Nuveen Securities, LLC, member FINRA and SIPC.
Income exempt from federal income tax may be subject to state and local taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.