The fund seeks to provide current income exempt from regular federal, and New York State and New York City income tax and to enhance portfolio value.
The fund invests 80% of its net assets in New York municipal obligations rated at the time of purchase within the four highest grades (Baa or BBB or better). The fund may invest up to 20% of its net assets in unrated New York municipal obligations which are of comparable quality and up to 10% of its assets in or in New York municipal obligations rated Ba or BB at the time of purchase.
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.
Click
HERE
for the update schedule.
