Nuveen Taxable Municipal Income is a closed-end management investment company. The Fund's primary investment objective is to provide current income through investments in taxable municipal securities. The Fund's secondary investment objective is to seek improved portfolio value and total return. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of taxable municipal securities, which make up approximately 80% of its managed assets. The NBB stock yearly return is shown above.
The yearly return on the NBB stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2022 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the NBB annual return calculation with any dividends reinvested as applicable (on ex-dates).
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