How This 5.1% Dividend Transforms Into 8.4% [Forbes]
Nuveen Municipal High Income Opportunity Fund, $0.01 par value, per share (NMZ)
NASDAQ:AMEX Investor Relations:
nuveen.com/cef/product/overview.aspx?fundcode=nmz
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Source: Forbes
How This 5.1% Dividend Transforms Into 8.4% If you’re like many folks, you might be looking at your stock gains this year and dreading the tax bill headed your way in 2020. That makes now a great time to consider the only (tax-) free lunch in investing: municipal bonds. I’ll name one play on these retirement-changing investments in a moment. This unusual fund yields an outsized 5.1% today and sets us up for a “steady as she goes” triple-digit gain, too. First, let’s talk a little more about the tax side of “muni” bonds: these investments pay a 100% tax-free This underestimated benefit is written right into the tax code as an incentive to get investors to pile cash into hospitals, bridges, and other badly needed infrastructure. So a selection of munis can be a boon to your retirement, amping up your income and adding much-needed ballast Invest Alongside Wall Street Titans (Tax-Free) Here’s a little-known fact about munis: when towns, cities and states issue them, they call a select gro
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Sec Filings
- 4/4/24 - Form 424B2
- 3/22/24 - Form NPORT-P
- 3/20/24 - Form N-23C-2
- NMZ's page on the SEC website