🔒
Price chart and 15 days of daily prices
Candlestick chart with moving averages, Bollinger bands and MACD.
Register free to view.
Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 67075J107 (prev. 02672T109 )
- Market Cap
- Micro Cap · $71 Million
- IPO
- 12/27/1988
- Previous Symbol
- MRF (changed 9/8/2014)
- Previous Name
- American Income Fund, Inc.
Fund Description: Nuveen Multi-Market Income Fund, Inc., formerly American Income Fund, Inc., is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen Multi-Market Income Fund, Inc. seeks to provide high monthly income consistent with prudent risk to capital. FUND STRATEGY: The Fund will invest primarily in debt securities, including, but not limited to, U.S. agency and privately issued mortgage-backed securities, corporate debt securities, and asset-backed securities. At least 65% of the Fund’s total assets must be invested in securities that, at the time of purchase, are rated investment-grade or of comparable quality. The Fund may utilize derivatives including options; futures contracts; options on futures contracts; interest-rate caps, collars and floors; interest-rate, total return, and credit default swap agreements; and options on the foregoing type of swap agreements. The fund uses leverage. FUND MANAGEMENT: Nuveen Fund Advisors, LLC serves as the investment advisor to the Fund. Nuveen Asset Management serves as the sub-advisor.
Notes: July 28, 2014 -- American Income Fund, Inc. (NYSE: MRF) (the Fund) today announced that, at the Fund’s Special Meeting of Shareholders held today, shareholders approved proposals to engage Nuveen Fund Advisors, LLC and Nuveen Asset Management, LLC, both current subadvisors of the Fund, as advisor and sub-advisor to the Fund, respectively. Shareholders also elected the current Directors of Nuveen’s closed-end funds as Directors of the Fund and approved an amendment to the Fund’s articles of incorporation to change the Fund’s name to Nuveen Multi-Market Income Fund, Inc. These proposals approved by shareholders are expected to become effective on September 8, 2014 (the Nuveen Transition Date). On the Nuveen Transition Date, the Nuveen entities will become advisor and sub-advisor to the Fund with responsibility for all investment management, fund administration and marketing functions and the Fund will move to the Nuveen Funds closed-end funds platform.
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- Kristyna Munoz · 312-917-8343 · Kristyna.Munoz@nuveen.com