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Nuveen Municipal Credit Opportunities Fund

NMCO

Market cap $545M

9.51 USD

-0.15

1.55%

At close Updated Sep 15, 4:00 PM EDT

1 day

-1.55%

5 days

-3.94%

1 month

-9.08%

3 months

-11.29%

6 months

-10.79%

Year to date

-7.31%

1 year

-12.75%

5 years

-39.31%

10 years

-37.8%

About: Nuveen Municipal Credit Opps Fund is a closed-end fund. The fund's objective is to provide a high level of current income exempt from regular U.S. federal income tax and secondarily, total return. It invests in high yielding, low-to medium-quality municipal securities and uses leverage.

Financials Asset Management

News

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Neutral

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Sentiment 3-Months

Positive 50%

Neutral 50%

Negative 0%

Nuveen Municipal Credit Opportunities Fund Rights Offering Quick Notes

Nuveen Municipal Credit Opportunities Fund announces a transferable rights offering with a 1-for-4 ratio, expiring October 7, 2026. The subscription price is set at the higher of 95% of the market price or 90% of NAV, establishing a -10% discount floor. Nuveen will bear all offering expenses, signaling positive manager alignment, and expected benefits include improved liquidity and a lower expense ratio.

Nuveen Municipal Credit Opportunities Fund Rights Offering Quick Notes

Nuveen Municipal Credit Opportunities Fund Announces Terms of Rights Offering

CHICAGO--(BUSINESS WIRE)--Nuveen Municipal Credit Opportunities Fund (NYSE: NMCO) today announced that its Board of Trustees (the “Board”) has approved the terms of the issuance of transferable rights (“Rights”) to the holders of the Fund's common shares (par value $.01 per share) (“Common Shares”) as of September 8, 2026 (the “Record Date”). Holders of Rights will be entitled to subscribe for additional Common Shares (the “Offer”) at a subscription price that is expected to represent a discoun.

Nuveen Municipal Credit Opportunities Fund Announces Terms of Rights Offering

NMCO: Playing In The Fun End Of The Muni Market

Nuveen Municipal Credit Opportunities Fund (NMCO) offers high tax-free income by investing in lower-rated and unrated municipal bonds, leveraging selective credit risk. NMCO's reported 7.54% distribution includes 19% return of capital, so real income yield is closer to 5.25%-6%, still attractive for muni funds. The fund's strategy relies on the historically low default rates in muni markets, making lower credit ratings less risky than in other bond sectors.

NMCO: Playing In The Fun End Of The Muni Market

NMCO: Buying Opportunity Has Passed, CEF Gets Another Sell Rating

I maintain a Sell rating on Nuveen Municipal Credit Opps Fund due to its persistent underperformance, high leverage, and a narrow discount relative to peers. The NMCO fund's heavy allocation to low-rated and unrated municipal bonds increases risk, especially in a weaker economic environment. Distribution coverage remains weak, with a significant portion paid from return of capital, raising concerns about sustainability.

NMCO: Buying Opportunity Has Passed, CEF Gets Another Sell Rating

CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains

We review the CEF market valuation and performance through the first week of February and highlight recent market action. CEFs had a strong week, with most sectors in the green, driven by EM Equity and Muni sectors, and year-to-date gains in both NAVs and discounts. We take a look at why preferred CEFs have sharply outperformed their ETF counterparts last year.

CEF Weekly Review: Explaining Preferred CEFs Double-Digit Gains

Wall Street Is Missing The Boat On These Monthly Dividends

What's better than monthly dividends that add up to 7.2% to 15.4% yearly yields?

Wall Street Is Missing The Boat On These Monthly Dividends

Nuveen Closed-End Funds Declare Distributions

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

Nuveen Closed-End Funds Declare Distributions

CEF Weekly Commentary | December 10, 2023 | High Quality Opportunities

Stocks were up slightly as the jobs report shifted the narrative towards 'higher for longer.' The payroll report came in stronger than expected, but the narrative was that it was a hawkish report, meaning higher rates for longer. Discounts for CEFs continue to tread water, with real estate and interest rate-sensitive bond sectors performing well, while emerging market equity and convertibles performed poorly.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

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.

Nuveen Closed-End Funds Declare Distributions and Updates to Distribution Policies

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