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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

Comment by eInvestor99on Sep 01, 2014 9:49am
174 Views
Post# 22894848

RE:RE:RE:RE:RE:Pour Moi...

RE:RE:RE:RE:RE:Pour Moi...I am not sure why the Grand Power Logistics scam got posted on the North American Nickle page (and about 30 other pages). But before you buy into Grand Power stop and ask yourself why promising company with good profit and growing revenue still only has a P/E ratio of 2.21. Something is fishy.  The posted article says “The decrease in net profit was principally due to the decrease of the Company’s share of equity value in associated companies in the amount of $416,881. Without accounted for this equity value, the Company would have a net profit of $329,693”.  What it should have said is management scammed the shareholders for $416K so the profit of $329K turned into an $87K loss. Check out the filings on sedar.com. If you read the actual Q2 results you find the reason they had this change in equity of $416K is because in a non-arms length transaction they diluted the shares of a subsidiary. In other words they basically gave away big chunk of a subsidiary to a Director for free and lost $416K of shareholders money in the process. And as they control 51% they can do it. A very interesting scam for grabbing $416K out of the company unnoticed. I wonder if its legal. Anyways, my hat is off to these Chinese scammers. This is such a beauty it fooled the writer of the article, and maybe a few others too. The bottom line is you are a really big fool if you buy the worthless paper shares of Grand Power Logistics, in my opinion, that is.

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