Fund Description: Nuveen Municipal Income Fund, Inc. is a closed-end, diversified management investment company. INVESTMENT OBJECTIVE: The Nuveen Municipal Income Fund seeks high level of current income exempt from federal income tax. FUND STRATEGY: The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund may invest in inverse floating rate municipal securities, also known as tender option bonds. The Fund’s use of tender option bonds to more efficiently implement its investment strategy may create up to 10% effective leverage. FUND MANAGEMENT: The Fund's investment advisor is Nuveen Asset Management.