Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | None CHICAGO MA 00000 |
Tel: | N/A |
Website: | https://www.nuveen.com/CEF/Product/Pricing.aspx |
IR: | See website |
Key People | ||
David J. Lamb Chief Administrative Officer | Rachael Zufall Vice President, Assistant Secretary | Brett E. Black Chief Compliance Officer, Vice President |
E. Scott Wickerham Vice President, Controller | Nathaniel T. Jones Vice President, Treasurer | Mark L. Winget Vice President, Secretary |
Mark J. Czarniecki Vice President, Assistant Secretary | Diana R. Gonzalez Vice President, Assistant Secretary | Kevin J. Mccarthy Vice President, Assistant Secretary | Jon Scott Meissner Vice President, Assistant Secretary |
Business Overview |
Nuveen AMT-Free Municipal Value Fund (the Fund) is a diversified closed-end management investment company. The Fund's primary investment objective is to provide income exempt from regular federal income tax. The Fund's secondary investment objective is to enhance portfolio value and total return. It invests over 80% of its managed assets in municipal securities and other related investments. The Fund generally invests in the municipal securities market, such as hospitals and other health care facilities, charter schools and other private educational facilities, special taxing districts and start-up utility districts, and private activity bonds, including industrial development bonds on behalf of transportation companies. It invests in states and territories, including California, Texas, Illinois, New Jersey, New York, Nevada, Colorado, Pennsylvania, Washington, Florida, Kentucky, Maryland, Georgia, Puerto Rico, and Tennessee. The Fund's investment advisor is Nuveen Fund Advisors, LLC. |
Financial Overview |
For the fiscal year ended 31 October 2023, Nuveen Amt-Free Municipal Value Fund revenues increased 6% to $10.7M. Net income totaled $8.6M vs. loss of $44.3M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Unrealized G/L on Investment Securities increase from $52.4M (expense) to $102K (income), Investments decrease of 63% to $1.5M (expense). |