Nuveen New York Quality Municipal Income Fund V.NAN

Primary Symbol: NAN

Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value. The Fund invests in municipal securities that are exempt from federal, New York state, and New York City income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade 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. The Fund invests in various sectors, such as consumer staples, health care, transportation, and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.

NYSE:NAN - Post by User

Nuveen New York Quality Municipal Income Fund

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Comment by Allthewaydownon Aug 20, 2014 12:12pm

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Post# 22860489

RE:RE:VMS:NAN leverage

lol.. of course! They have other assets. Maybe a better way to put it was that a $1.00 investment in VMS (3.3 shares) gives you a $0.54 investment in NAN (3.3 shares * 0.3 NAN per VMS = 1.0 NAN share). Therefore on a percentage change basis VMS will only rise half as much as NAN in response to NAN news.

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