NBB: Yield Is Low Versus Alternatives And Bonds Are Overpriced [Seeking Alpha]
Nuveen Taxable Municipal Income Fund Common Shares of Beneficial Interest (NBB)
US:NYSE Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nbb
Company Research
Source: Seeking Alpha
The NBB closed-end fund's price performance has been worse than the ICE BofAML US Taxable Municipal Securities Index over the past five years. The NBB fund's use of leverage and exposure to states with strained finances pose risks for investors. The Fed is highly unlikely to deliver the rate cuts that the market has priced into this fund's assets, which makes it vulnerable to a near-term correction. The fund is covering its distributions and it trades at a discount. Looking for a helping hand in the market? Members of Energy Profits in Dividends get exclusive ideas and guidance to navigate any climate. Learn More » The Nuveen Taxable Municipal Income Fund NYSE: NBB ) is a closed-end fund, or CEF, that investors can employ to generate a high level of current income from the assets in their portfolios. Unfortunately, the fund does not appear to be especially good at that task, as its 5.50% current yield is substantially lower than what can be obtained from other closed-end fi
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NBB
Sec Filings
- 4/5/24 - Form SC
- 3/11/24 - Form 3
- 3/8/24 - Form 3
- NBB's page on the SEC website