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Jun. 25, 2012, 4:40 PMIn conjunction with the Moody's bank downgrades last week was a ratings cut on about $5.4B of preferred securities issued by some closed-end municipal bond funds. The move could ripple through the industry, possibly raising borrowing costs for the funds should money-market holders of the preferred be forced to sell. | Comment!
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NUW vs. ETF Alternatives
The Funds primary investment objective is to provide current income exempt from regular federal income tax. The Funds secondary investment objective is to enhance portfolio value and total return. The Fund seeks to achieve its investment objectives by inve
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