Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
12 September 2002Website:
http://www.nuveen.comNext earnings report:
N/ALast dividends:
14 June 2024Next dividends:
N/APrice
pre-market | 68 min agoAnalysts recommendations
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NVG Latest News
New molecule demonstrates efficacy in a challenging SCI model Expanding pipeline into new indications of ischemic stroke and ALS Vancouver, British Columbia--(Newsfile Corp. - June 25, 2024) - NervGen Pharma Corp. (TSXV: NGEN) (OTCQB: NGENF), a clinical-stage biotech company dedicated to developing innovative solutions for the treatment of nervous system damage, today announced its plans for the development of a new drug candidate, NVG-300, with a focus on three initial indications: ischemic stroke, amyotrophic lateral sclerosis (ALS) and spinal cord injury (SCI). NVG-300 is a new biologic molecule discovered at NervGen.
The Nuveen AMT-Free Municipal Credit Income Fund is a popular CEF with over $4 billion in managed assets. NVG trades at a significant discount to NAV, but there are several negative factors that make it unattractive compared to other similar products. Negatives include a high expense ratio, weak historical risk-adjusted returns, and a high cost of leverage relative to underlying asset yield.
Fixed income funds have suffered due to rising rates and fear of future interest rate movements, widening the gap between asset prices and their liquidation value. The Nuveen AMT-Free Municipal Credit Income Fund is currently trading at a historic discount, presenting a potential buying opportunity for investors willing to take short-term losses. The fund invests in undervalued municipal securities and aims to provide current income exempt from regular federal income tax. All bonds are exempt from the AMT process.
What type of business is Nuveen AMT-Free Municipal Credit Income Fund?
Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years. It employs fundamental analysis with bottom-up stock picking approach to create its portfolio. The fund benchmarks the performance of its portfolio against Standard & Poor's (S&P) Insured Municipal Bond Index. It was formerly known as Nuveen Insured Dividend Advantage Municipal Fund. It was formerly known as Nuveen Enhanced AMT-Free Municipal Credit Opportunities Fund. Nuveen AMT-Free Municipal Credit Income Fund was formed on July 12, 1999 and is domiciled in the United States.
What sector is Nuveen AMT-Free Municipal Credit Income Fund in?
Nuveen AMT-Free Municipal Credit Income Fund is in the Financial Services sector
What industry is Nuveen AMT-Free Municipal Credit Income Fund in?
Nuveen AMT-Free Municipal Credit Income Fund is in the Asset Management industry
What country is Nuveen AMT-Free Municipal Credit Income Fund from?
Nuveen AMT-Free Municipal Credit Income Fund is headquartered in United States
When did Nuveen AMT-Free Municipal Credit Income Fund go public?
Nuveen AMT-Free Municipal Credit Income Fund initial public offering (IPO) was on 12 September 2002
What is Nuveen AMT-Free Municipal Credit Income Fund website?
https://www.nuveen.com/CEF/Product/Overview.aspx?fundcode=NVG
Is Nuveen AMT-Free Municipal Credit Income Fund in the S&P 500?
No, Nuveen AMT-Free Municipal Credit Income Fund is not included in the S&P 500 index
Is Nuveen AMT-Free Municipal Credit Income Fund in the NASDAQ 100?
No, Nuveen AMT-Free Municipal Credit Income Fund is not included in the NASDAQ 100 index
Is Nuveen AMT-Free Municipal Credit Income Fund in the Dow Jones?
No, Nuveen AMT-Free Municipal Credit Income Fund is not included in the Dow Jones index
When does Nuveen AMT-Free Municipal Credit Income Fund report earnings?
Next earnings report date is not announced yet