Fund Provides Retiring Baby Boomers with Important Income Portfolio
Option to Consider
CHICAGO -- (Business Wire)
Nuveen Investments, a leading global provider of investment services to
institutions as well as individual investors, today announced the
25-year anniversary of the Nuveen Municipal Value Fund, Inc. (NYSE: NUV).
Led since inception by portfolio manager, Tom Spalding, the fund was
introduced on June 17, 1987, and is Nuveen’s oldest closed-end fund.
“We believe NUV is really a poster child for what a closed-end fund
should be, in that CEFs are designed for income,” said Bill Adams,
Executive Vice President of Nuveen Investments. “There is an increasing
demand for tax-free income in the marketplace, especially as the Baby
Boomer generation is now entering retirement en masse. Investors are
looking for funds that generate a reliable dividend over time, and NUV
has demonstrated its ability to provide that over a very long period of
time,” he said.
Led by Spalding and supported by a deep team of research analysts and
traders, the Nuveen Municipal Value Fund, Inc. has provided a measure of
stability and financial confidence throughout various market cycles.
Throughout its 25 year history, NUV’s net asset value has fluctuated
within a total range of $2.49, with investors enjoying a solid history
of regular, monthly tax-exempt distributions.*
“Unlike the tremendous changes we have experienced in other areas of our
lives since 1987, NUV has historically stayed the course, and is really
designed for the long-term investor,” said Spalding. “The asset values
have held up very well in the marketplace, so I think it’s a testimony
that the product has done its job to provide investors with stable
tax-free income, month after month and year after year,” he said.
About Closed-End Funds
Nuveen offers more than 125 closed-end funds all designed to offer a
common goal: to deliver income and long term returns. Nuveen actively
manages closed-end funds to seek optimal investment performance and
generate distributions through the use of multiple investment strategies
and a variety of asset classes. Nuveen does so by offering clients
access to specialized investment expertise from leading independent and
affiliated asset management firms. Our multi-boutique structure grants
our clients access to world-class, institutional-caliber investment
teams across multiple investment categories. Each reflects Nuveen’s
legacy of quality investment service, unwavering ethical standards and a
long-term perspective. Investors may learn more about NUV and other
closed-end funds at http://www.nuveen.com/CEF/
and are encouraged to consult their financial advisor before making any
* As of March 31, 2012. Shares of closed-end fund companies like NUV
have during some periods traded at prices higher than net asset value
and have during other periods traded at prices lower than net asset
value. The fund cannot predict whether the common shares will trade at
above or below net asset value. Past performance is no guarantee of
future results. Income may be subject to state and local taxes and the
alternative minimum tax. Capital gains, if any, will be subject to
capital gains tax.
Shares of closed-end funds, such as NUV are subject to investment risks,
including the possible loss of principal invested. NUV’s risks include
investment risk or market risk, reinvestment risk, call or prepayment
risk, issuer credit risk, interest rate risk, and price risk. Fund
shares are not guaranteed or endorsed by any bank or other insured
depository institution, and are not federally insured by the Federal
Deposit Insurance Corporation. Closed-end fund shares may frequently
trade at a discount to the net asset value.
About Nuveen Investments
Nuveen Investments provides high-quality investment services designed to
help secure the long-term goals of institutional and individual
investors as well as the consultants and financial advisors who serve
them. Nuveen Investments markets a wide range of specialized investment
solutions which provide investors access to capabilities of its
high-quality boutique investment affiliates—Nuveen Asset Management,
Symphony Asset Management, NWQ Investment Management Company, Santa
Barbara Asset Management, Tradewinds Global Investors, Winslow Capital
Management, and Gresham Investment Management. In total, Nuveen
Investments managed approximately $227 billion as of March 31, 2012. For
more information, please visit the Nuveen Investments website at www.nuveen.com.
Kristyna Munoz, (312)
Source: Nuveen Investments
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