Nuveen Multi-Market Income Fund (JMM) To Go Ex-Dividend on June 15th

Nuveen Multi-Market Income Fund (NYSE:JMM) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.029 per share on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Multi-Market Income Fund Trading Up 0.4%

JMM opened at $5.82 on Wednesday. Nuveen Multi-Market Income Fund has a one year low of $5.67 and a one year high of $6.52. The business’s 50 day moving average price is $5.84 and its 200 day moving average price is $6.01.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in JMM. Advisors Asset Management Inc. lifted its stake in Nuveen Multi-Market Income Fund by 142.0% during the third quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock worth $1,569,000 after purchasing an additional 146,395 shares in the last quarter. Sit Investment Associates Inc. lifted its stake in Nuveen Multi-Market Income Fund by 1.7% during the fourth quarter. Sit Investment Associates Inc. now owns 5,731,653 shares of the company’s stock worth $34,619,000 after purchasing an additional 96,877 shares in the last quarter. Seven Mile Advisory acquired a new position in Nuveen Multi-Market Income Fund during the third quarter worth $558,000. Susquehanna International Group LLP lifted its stake in Nuveen Multi-Market Income Fund by 119.5% during the third quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after purchasing an additional 24,342 shares in the last quarter. Finally, Wolverine Asset Management LLC acquired a new position in Nuveen Multi-Market Income Fund during the fourth quarter worth $85,000. 67.34% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.