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Morningstar, Inc. Commentaries

CEF Update - May 13, 2014

May 13, 2014
Click here to access CEF Update

Muni Fund Mergers

Nuveen continued to clean up their fund lineup last week, announcing that shareholders of several state-oriented municipal closed-end funds approved a series of mergers.  Nuveen California AMT-Free Municipal Income (NKX) plans to acquire Nuveen California Premium Income Municipal (NCU), which would increase its net assets to $714 million from $625 million.

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