Nuveen Intermediate Duration Municipal Term Fund's primary investment objective is to provide a high level of current income exempt from regular federal income tax. The Fund's secondary investment objective is to seek additional total return.
The Fund invests in municipal securities that are exempt from federal income taxes, and seeks to maintain a portfolio with an intermediate effective duration of between 3 and 10 years, including the effects of leverage. The Fund invests at least 50% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 50% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality. Up to 20% of its investments may pay interest that is taxable under the federal alternative minimum tax (AMT) applicable to individuals, with an initial target of approximately 5% to 15% of its assets invested in AMT bonds. The Fund uses leverage, and the Fund has a 10-year term and intends to liquidate and distribute its then-current net assets to shareholders on or before 31 Mar 2023.
Company profile
Ticker
NID
Exchange
Employees
Incorporated
Location
SEC CIK
Corporate docs
NID stock data
Latest filings (excl ownership)
N-PX
Annual report of proxy voting record
21 Aug 23
N-CEN
Annual report (registered investment company)
14 Aug 23
25-NSE
Exchange delisting
31 Mar 23
N-CSRS
Certified semi-annual shareholder report (management investment company)
3 Feb 23
SC TO-C
Information about tender offer
12 Oct 22
DEFA14A
Additional proxy soliciting materials
26 Sep 22
DEFA14A
Additional proxy soliciting materials
20 Sep 22
N-PX
Annual report of proxy voting record
22 Aug 22
N-CEN
Annual report (registered investment company)
15 Aug 22
DEFA14A
Additional proxy soliciting materials
15 Aug 22
Latest ownership filings
SC 13G/A
MORGAN STANLEY
8 May 23
NPORT-P
Nuveen Intermediate Duration Municipal Term Fund (Feb 2023 report)
26 Apr 23
4
Change in insider ownership
22 Feb 23
SC 13D/A
BANK OF AMERICA CORP /DE/
22 Feb 23
SC 13G
MORGAN STANLEY
10 Feb 23
NPORT-P
Nuveen Intermediate Duration Municipal Term Fund (Nov 2022 report)
25 Jan 23
NPORT-P
Nuveen Intermediate Duration Municipal Term Fund (Aug 2022 report)
27 Oct 22
3
Trey Stenersen III
15 Aug 22
NPORT-P
Nuveen Intermediate Duration Municipal Term Fund (May 2022 report)
28 Jul 22
3
Brett Black
7 Jun 22
Institutional ownership, Q1 2023
0.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 13 |
Opened positions | 3 |
Closed positions | 70 |
Increased positions | 0 |
Reduced positions | 4 |
13F shares | Current |
---|---|
Total value | 3.58 bn |
Total shares | 400.03 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
JBF Capital | 160.00 k | $2.08 bn |
Janney Montgomery Scott | 84.06 k | $1.13 mm |
Sterling Investment Advisors | 43.50 k | $565.50 mm |
Fca | 27.36 k | $355.62 mm |
Encompass Wealth Advisors | 23.00 k | $299.00 mm |
Raymond James Trust N.a. | 22.37 k | $291.00 k |
Hennion & Walsh Asset Management | 18.12 k | $236.00 k |
Nelson, Van Denburg & Campbell Wealth Management | 8.80 k | $114.43 mm |
Kozak & Associates | 7.71 k | $100.24 mm |
PBNK Pinnacle Bank | 3.22 k | $43.15 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Feb 23 | Bank Of America | Adjustable Rate MuniFund Term Preferred Shares | Other | Dispose J | Yes | No | 0 | 1,750 | 0.00 | 0 |