| Business Summary | | Nuveen
Municipal
Income
Fund,
Inc.
(NMI)
is
one
of
Nuveen's
National
Funds
(the
Funds).
he
other
one
is
Nuveen
Municipal
Value
Fund,
Inc.
(NUV).
Each
Fund
invests
primarily
in
a
diversified
portfolio
of
municipal
obligations
issued
by
state
and
local
government
authorities.
The
Funds
are
closed-end,
diversified
management
investment
companies.
The
largest
allocation
in
both
Funds,
28%
in
NUV
and
21%
in
NMI,
are
in
utility
bonds.
As
of
April
30,
2000,
NMI's
allocation
of
BBB/non-rated
bonds
was
63%,
with
29%
of
its
portfolio
invested
in
AAA/United
States
guaranteed
and
AA
bonds. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nuveen
Municipal
Income
Fund,
Inc.
is
a
closed-end
municipal
bond
fund.
The
Fund's
primary
objective
is
to
provide
a
high
level
of
current
interest
income
exempt
from
federal
income
taxes.
For
the
six
months
ended
4/30/01,
total
investment
income
totalled
$3.1
million.
Net
investment
income
totalled
$2.8
million.
Net
increase
in
net
assets
from
operations
totalled
$2.1
million.
Net
asset
value
per
share
decreased
from
$11.01
at
10/31/00
tp
$10.75
at
4/30/01. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Timothy Schwertfeger, 50 | Chairman | Peter D'Arrigo, 31 | VP
and Treasurer | Stephen Foy, 44 | Vice
Preisdent and Controller | Gifford Zimmerman, 42 | VP
and Sec. | Alan Berkshire, 38 | VP
and Assistant Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|