Nuveen Intermediate Duration Municipal Term Fund (NYSE:NID) declares $0.044/share monthly dividend, in line with previous.Forward yield 3.69%Payable March 1; for shareholders of...
The bear market for municipal bonds likely peaked in November, say Bank of America (NYSE:BAC) analysts.Factors driving the bear market--tax reform, Fed hikes, and U.S. trade...
Nuveen Intermediate Duration Municipal Term Fund is a diversified, closed-end management investment company. The Fund seeks to provide a high level of current income exempt from regular federal income tax with a secondary objective of seeking additional total return. The Fund also maintains a portfolio with an intermediate duration of between 3 and 10 years (including the effects of leverage). Under normal circumstances, the Fund will invest approximately 80% of its managed assets in municipal securities and other related investments, the income from which is exempt from regular federal income tax. The Fund will invest approximately 50% of its managed assets in investment grade municipal securities, and it also may invest in below investment grade securities. The Fund's portfolio of investments includes utilities, healthcare, transportation, and education and civic organizations. Its investment advisor is Nuveen Fund Advisors, LLC. Its sub-advisor is Nuveen Asset Management, LLC.