NEA Offering Deepest Discount Among Nuveen Municipal CEFs (NYSE:NEA)


Graph of real estate market where arrowhead is falling.

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Introduction

Investor dislike for fixed income CEFs, especially Municipal Bond ones, is reflected in their historically wide gap between the price and Net Asset Value, or NAV. Thanks to the FOMC pushing short-term rates from 0% to 5% since early 2022, the Bloomberg Municipal Bond Index

COMMON SHARES TOTAL FUND

Management fees

0.92

0.54

Other expenses

0.05

0.03

Subtotal

0.97

0.57

Leverage financing expense

2.47

1.50

Total

3.44

2.07



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