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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 670734102
- Market Cap
- Micro Cap · $84 Million
- IPO
- 6/25/1993
Fund Description: Nuveen Minnesota Municipal Income Fund is an exchange-traded closed-end fund (CEF) or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen Minnesota Municipal Income Fund seeks to provide current income exempt from regular federal and Minnesota personal income taxes. The Fund’s secondary investment objective is to enhance portfolio value. FUND STRATEGY: The Fund invests in municipal securities that are exempt from regular federal and Minnesota personal income taxes. The Fund invests at least 80% of its managed assets in investment grade securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody's or Fitch) or, if they are unrated, are judged to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities that, at the time of investment, are rated below investment grade or are unrated but judged to be of comparable quality. No more than 10% of the Fund's managed assets may be invested in municipal securities rated below B3/B- or that are unrated but judged to be of comparable quality. The Fund uses leverage. FUND MANAGEMENT: Nuveen Fund Advisors, LLC serves as the Fund's Adviser and is Sub-advised by Nuveen Asset Management, LLC.
Notes: Effective October 6, 2014, the assets of the Minnesota Municipal Income Portfolio Inc. (MXA) and the First American Minnesota Municipal Income Fund II Inc. (MXN) were merged into the Nuveen Minnesota Municipal Income Fund (NMS). Nuveen Acquired USBAM Closed-End Funds
Company Contact
- Headquarters
- 333 West Wacker Drive, Chicago, IL 60606
- Phone
- 312-917-7700 · Toll-Free 800-257-8787
- Investor Relations
- 800-257-8787 · Kristyna.Munoz@nuveen.com