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Posted by
Two Blokes May 23 -
Filed in
Stock
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NRK is a closed-end fund designed to deliver tax-free income for NY state and city residents in higher tax brackets, leveraging municipal bonds. The fund's structure avoids redemption cascades and uses leverage to enhance returns, but its discount to NAV is a normal trade-off for closed-end funds. NRK's portfolio focuses on investment-grade munis, providing diversification and AMT-free income, making it ideal for high-income, tax-sensitive investors.
