Nuveen Taxable Municipal Income Fund Declares $0.0965 Dividend

Nuveen Taxable Municipal Income Fund (NBB) has declared a quarterly dividend of $0.0965 per share. The dividend is payable on July 1 and will be issued to shareholders of record on June 13. The ex-dividend date is also June 13.

Nuveen Taxable Municipal Income Fund (NBB) has declared a quarterly dividend of $0.0965 per share. The dividend will be payable on July 1, 2025, and will be issued to shareholders of record as of June 13, 2025. The ex-dividend date is also June 13, 2025 [1].

NBB focuses on providing current income exempt from regular federal income tax by investing in an actively managed portfolio of tax-exempt municipal securities. At least 80% of its managed assets are rated investment grade, with up to 10% rated below B-/B3 or unrated but of comparable quality by the Fund's portfolio team. The Fund may also invest in inverse floating rate municipal securities, known as tender option bonds, to efficiently implement its investment strategy [1].

The Fund's use of tender option bonds may create up to 10% effective leverage, which could enhance returns but also introduces additional risk. The Fund's annual expense ratios, calculated using the prior 12 months of expense data, are presented as a percentage of both common shareholder capital and total fund investment capital. This allows investors to better understand how fund expenses impact portfolio investment returns [1].

NBB's performance has been consistent, with a 30-plus-year history of building income for investors. The Fund's annualized leverage financing expense is included in the expense ratios if the Fund was leveraged as of the previous month-end [1].

For the latest updates and more detailed information about the Fund, investors are encouraged to refer to the Fund's annual report and other available literature [1].

References:
[1] https://www.nuveen.com/en-us/closed-end-funds/nuv-nuveen-municipal-value-fund