Nuveen Municipal Value Fund, Inc. Declares Monthly Tax-Free Distribution, Payable on February 1, 2013
January 02, 2013 at 10:14 pm
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Nuveen Municipal Value Fund, Inc. declared monthly tax-free distribution of $0.0370 per share, payable on February 1, 2013 to the shareholders on record of January 15, 2013 and the ex-dividend date of January 11, 2013.
Nuveen Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fundâs primary investment objective is current income exempt from federal income tax. The Fundâs secondary objective is the enhancement of portfolio value through selection of tax-exempt bonds and municipal market sectors. The Fund seeks to invest at least 80% of its assets in municipal securities, the income from which is exempt from regular federal income taxes. The Fund also invests up to 20% of its managed assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. It invests up to 15% of its managed assets in inverse floating rate securities. It also invests a portion of its managed assets in certain sectors of the municipal securities market, such as hospitals and other health care facilities, charter schools and other private educational facilities, and others. The Fund's investment advisor is Nuveen Fund Advisors, LLC.