The fund's investment objectives are to provide current income exempt from regular federal and North Carolina income tax and to enhance portfolio value.
The fund invests at least 80% of its net assets in municipal bonds that are exempt from regular federal and North Carolina income taxes and that at the time of investment are investment grade quality (Baa/BBB or better) or bonds that are unrated but judged to be of comparable quality by the fund's investment adviser. The fund may invest up to 20% of its net assets in municipal bonds that, at the time of investment, are rated Ba/ BB or B or that are unrated but judged to be of comparable quality by the fund's investment adviser. 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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HERE
for the update schedule.
