Nuveen Municipal Credit Income Fund (N:NZF)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | None BOSTON MA 00000 |
| Tel: | N/A |
| Website: | https://www.nuveen.com/CEF/Product/Overview.aspx |
| IR: | See website |
| Key People | ||
| David J. Lamb Chief Administrative Officer | Jon Scott Meissner 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 | John M. Mccann Vice President, Assistant Secretary | Kevin J. Mccarthy Vice President, Assistant Secretary |
| Business Overview |
| Nuveen Municipal Credit Income Fund (The Fund) is a diversified closed-end management investment company. The Fund's investment objectives are to provide current income exempt from regular federal income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds. The Fund invests at least 80% of its assets in municipal securities and other related investments, the income from which is exempt from regular federal income taxes. The Fund may invest up to 20% of its managed assets in municipal securities that pay interest that is taxable under the federal alternative minimum tax. It may not enter into a futures contract or related options or forward contracts if more than 30% of its managed assets would be represented by futures contracts or more than 5% of its managed assets would be committed to initial margin deposits and premiums on futures contracts or related options. Its investment adviser is Nuveen Fund Advisors, LLC. |
| Financial Overview |
| For the fiscal year ended 31 October 2023, Nuveen Municipal Credit Income Fund revenues increased 22% to $192.5M. Net loss decreased 99% to $4.1M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Investments-unrealized decrease of 94% to $30.4M (expense), Net realized gain (loss) from investment decrease of 57% to $73.2M (expense). |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $3,946M as of Oct 31, 2023 |
| Annual revenue (TTM): | $192.47M as of Oct 31, 2023 |
| EBITDA (TTM): | $99.97M as of Oct 31, 2023 |
| Net annual income (TTM): | -$4.08M as of Oct 31, 2023 |
| Free cash flow (TTM): | -$107.60M as of Oct 31, 2023 |
| Net Debt Last Fiscal Year: | $363.55M as of Oct 31, 2023 |
| Shares outstanding: | 193,749,050 as of Jan 15, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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