NAD

Nuveen Quality Municipal Income Fund

A closed-end investment fund that buys a portfolio of municipal bonds—debt issued by cities, schools, and school districts—with the goal of paying shareholders income dividends that are free from federal taxes. The fund was created in May 1999 in Chicago, and was originally named the Nuveen Dividend Advantage Municipal Fund. It traces its roots to John Nuveen & Company, the investment bank that John Nuveen Sr. founded in 1898, which made its name underwriting bonds for public infrastructure like water systems and schools.

Closed-End Fund