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Nuveen Amt-Free Municipal Value Fund (N:NUW)

Business Focus: Closed End Funds

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).