-
Posted by
Two Blokes Jun 19 -
Filed in
Stock
-
3 views
Nuveen AMT-Free Quality Muni Inc offers tax-free muni bond income, appealing for high marginal tax rate investors, but half its distribution is return of capital, not true income. Leverage boosts yield, but the main concern is headline yield being inflated by returning investors' own capital, not just coupon income. I prefer funds that distribute only income, not capital, as this is more transparent and better aligns with sophisticated investor interests.
