Nuveen New York AMT-Free Quality Municipal Income Fund

NRK

Market cap $878M

Evaluating NRK as a potential value play after its poor 2025 performance caught my attention. NRK aims to provide tax-exempt income by investing in New York municipal bonds. I question whether the market is mis-pricing NRK, given its recent under-performance as there is inherent value in these bonds.

NRK is a closed-end fund designed to deliver tax-free income for NY state and city residents in higher tax brackets, leveraging municipal bonds. The fund's structure avoids redemption cascades and uses leverage to enhance returns, but its discount to NAV is a normal trade-off for closed-end funds. NRK's portfolio focuses on investment-grade munis, providing diversification and AMT-free income, making it ideal for high-income, tax-sensitive investors.

NEW YORK--(BUSINESS WIRE)--Nuveen announced today that, based on the voting results of the 2024 Annual Meeting of Shareholders of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), shareholders, excluding shares voted by the activist, voted overwhelmingly in favor of the Board's nominees, Joanne T. Medero, Loren M. Starr and Matthew Thornton III, and against the activist's proposal to terminate Nuveen as investment advisor to the Fund. The certified results of the Annual Meetin.

NEW YORK--(BUSINESS WIRE)--Nuveen announced today that Glass Lewis, a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), and AGAINST the proposal to terminate Nuveen as the investment advisor put forth by a dissident shareholder in connection with the Fund's annual meeting scheduled for August 15, 2024. Glass Lewis' recommendation follows a report from I.

NEW YORK--(BUSINESS WIRE)--Nuveen announced today that Institutional Shareholder Services Inc. (ISS), a leading independent proxy advisory firm, recommended that shareholders vote on the WHITE proxy card FOR ALL Board nominees of Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK), and AGAINST the proposal to terminate Nuveen as the investment advisor put forth by a dissident shareholder in connection with the Fund's annual meeting scheduled for August 15, 2024. ISS specifically.

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

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.

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.