FORM 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2016

 

 

Nuveen Municipal Value Fund, Inc.

(Exact name of registrant as specified in its charter)

 

 

 

Minnesota   811-05120   36-3513525

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(I.R.S. Employer

Identification No.)

 

333 West Wacker Drive

Chicago, Illinois

  60606
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (800) 257-8787

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 20e-4(c) under the Exchange Act (17 CFR 240.20e-4(c))

 

 

 


Item 8.01. Other Events.

Investment Policy Revision

Effective August 5, 2016, a number of Nuveen AMT-Free and non-AMT municipal closed-end funds have approved changes to their investment policies altering the limits on exposure to securities subject to the federal alternative minimum tax applicable to individuals (AMT).

AMT FREE MUNICIPAL FUNDS

The two AMT-Free funds listed below adopted a new investment policy to require the funds to invest 100% of its managed assets in securities the income from which is exempt from AMT at the time of purchase. While the funds were previously being managed as such, the new AMT policy will be in addition to the current policy which requires that only 80% of the funds’ assets be invested in securities exempt from the AMT. The 80% policy was adopted to meet the “Names Rule” under the Investment Company Act of 1940 and is subject to change by the board upon 60 days’ notice to shareholders. The new 100% AMT policy is subject to change by the fund’s board without shareholder notice. The new AMT policy is consistent with Nuveen’s other AMT-Free funds. The new policy was adopted for the following funds:

 

Ticker

  

Nuveen Fund Name

NRK

   Nuveen New York AMT-Free Municipal Income Fund

NKX

   Nuveen California AMT-Free Municipal Income Fund

MUNICIPAL FUNDS THAT ARE NOT AMT-FREE

All of the Nuveen municipal closed-end funds listed below have adopted an investment policy to limit the amount securities subject to AMT to no more than 20% of a fund’s managed assets. As set forth below the vast majority of these funds previously did not have a limit on AMT securities while six funds had a 30% limit on AMT securities. The new AMT investment policy will replace each fund’s old investment policy. Together with a number of other Nuveen funds, these changes will create a uniform 20% limit on AMT securities across Nuveen’s municipal complex. The following is a list of the funds adopting the new 20% limit and each fund’s previous investment policy with respect to AMT securities.

 

Ticker

  

Nuveen Fund Name

  Prior AMT
Exposure Limit
  New AMT Policy
Limit

NAZ

   Nuveen Arizona Premium Income Municipal Fund   30%   20%

NEV

   Nuveen Enhanced Municipal Value Fund   30%   20%

NHA

   Nuveen Municipal 2021 Target Term Fund   30%   20%

NID

   Nuveen Intermediate Duration Municipal Term Fund   30%   20%

NIQ

   Nuveen Intermediate Duration Quality Municipal Term Fund   30%   20%

NMZ

   Nuveen Municipal High Income Opportunity Fund   30%   20%

NAC

   Nuveen California Dividend Advantage Municipal Fund   No Limit   20%

NAD

   Nuveen Dividend Advantage Municipal Fund   No Limit   20%

NAN

   Nuveen New York Dividend Advantage Municipal Fund   No Limit   20%

NCA

   Nuveen California Municipal Value Fund, Inc.   No Limit   20%

NIM

   Nuveen Select Maturities Municipal Fund   No Limit   20%

NKG

   Nuveen Georgia Dividend Advantage Municipal Fund 2   No Limit   20%

NMI

   Nuveen Municipal Income Fund, Inc.   No Limit   20%


NMS

   Nuveen Minnesota Municipal Income Fund   No Limit   20%

NMT

   Nuveen Massachusetts Premium Income Municipal Fund   No Limit   20%

NMY

   Nuveen Maryland Premium Income Municipal Fund   No Limit   20%

NNC

   Nuveen North Carolina Premium Income Municipal Fund   No Limit   20%

NNY

   Nuveen New York Municipal Value Fund, Inc.   No Limit   20%

NOM

   Nuveen Missouri Premium Income Municipal Fund   No Limit   20%

NPV

   Nuveen Virginia Premium Income Municipal Fund   No Limit   20%

NQP

   Nuveen Pennsylvania Investment Quality Municipal Fund   No Limit   20%

NTC

   Nuveen Connecticut Premium Income Municipal Fund   No Limit   20%

NTX

   Nuveen Texas Quality Income Municipal Fund   No Limit   20%

NUM

   Nuveen Michigan Quality Income Municipal Fund   No Limit   20%

NUO

   Nuveen Ohio Quality Income Municipal Fund   No Limit   20%

NUV

   Nuveen Municipal Value Fund, Inc.   No Limit   20%

NVX

   Nuveen California Dividend Advantage Municipal Fund 2   No Limit   20%

NXJ

   Nuveen New Jersey Dividend Advantage Municipal Fund   No Limit   20%

NZF

   Nuveen Enhanced Municipal Credit Opportunities Fund   No Limit   20%

NZH

   Nuveen California Dividend Advantage Municipal Fund 3   No Limit   20%


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

  NUVEEN MUNICIPAL VALUE FUND, INC.
Date: August 5, 2016   By:   

/s/    Kevin J. McCarthy

     Kevin J. McCarthy
     Vice President and Secretary