Nuveen ARIZONA PREMIUM Income Municipal FUND (NAZ)

Tentang perusahaan

Nuveen Arizona Premium Income Municipal Fund, formerly Nuveen Arizona Premium Income Municipal Fund, Inc., is a non-diversified, closed-end management investment company. The Fund`s primary investment objective is current income. Its secondary investment objective is the enhancement of portfolio value. The Fund invests substantially all of its assets in investment-grade Arizona municipal obligations rated in the four highest grades (Baa/BBB or better). Up to 2% of the Fund`s assets may be invested in unrated Arizona municipal obligations. The Fund seeks to provide monthly tax-free income, portfolio diversification and after tax total returns. The Fund invests in various sectors, such as tax obligation/limited, utilities, healthcare, water and sewer, and education and civic organizations. The Fund is authorized to invest in inverse floating rate securities. The Funds’ adviser is Nuveen Asset Management, a wholly owned subsidiary of Nuveen Investments, Inc.