Nuveen Municipal Income Fund, Inc. (NMI)
Nuveen Municipal Income Fund, Inc. operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Chicago, IL, US. The stock last traded at $9.72, up 0.14% on the session, giving a market capitalisation of $109.5M. On trailing twelve-month figures it carries a trailing P/E of 17.36, a net margin of 113.4%. Its beta of 0.30 implies it has historically moved less than the broad market.
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.
Nuveen Municipal Income Fund, Inc. is most often compared with the following Financial Services names: