Nuveen Taxable Municipal Income Fund shares fall 2.38% after-hours following distribution declarations.

Nuveen Taxable Municipal Income Fund dropped 2.38% in after-hours trading. The decline occurred despite the announcement that several Nuveen closed-end funds, including the Nuveen California AMT Free Quality Municipal Income Fund, have declared distributions. These funds are designed to provide diversified sources of cash flow for investors preparing for and sustaining their retirement income needs.