The fund seeks current income exempt from regular federal income tax, consistent with the preservation of capital.
The fund invests primarily in tax-exempt municipal securities rated within the four highest grades (Baa/BBB or better). Up to 20% of the fund's assets may be invested in unrated municipal obligations considered to be of comparable quality. The fund uses leverage.
Seeks to provide
- Attractive monthly tax-free income
- Portfolio diversification
- Attractive after tax total returns
Income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax.
Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. Past performance is no guarantee of future results.
Fund data is updated daily, monthly, and quarterly, depending on the specific data point.
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for the update schedule.
