Nuveen New York Municipal Value Fund, Inc. Overview
Pro stress-test →Nuveen New York Municipal Value Fund is a diversified closed-end management investment company that provides current interest income exempt from federal and New York State income taxes through investment in tax-exempt New York municipal obligations. The fund is launched by Nuveen Investments, Inc. and co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC.
Strategic Profile
Pro stress-test →The Fund's primary objective is to provide tax-exempt municipal income to investors, with a secondary objective to achieve enhancement of portfolio value through investments in undervalued or underrated municipal market sectors. The Fund invests at least 80% of its managed assets in investment-grade municipal securities, with up to 20% allocated to securities rated below investment quality.
Competitive Landscape
Pro stress-test →NNY competes within the closed-end municipal fund space alongside similar Nuveen funds including Nuveen New York Quality Municipal Income Fund (NAN), Nuveen Massachusetts Quality Municipal Income Fund (NMT), and Nuveen Select Maturities Municipal Fund (NIM). The fund targets investors seeking New York-specific municipal bond exposure with tax efficiency.
Industry Context
Nuveen New York Municipal Value Fund, Inc. operates in Closed-end municipal bond funds.
Key facts
Headquarters: New York, US · Market cap: $164.2M