Business Description
This is a U.S.-based closed-end fund that focuses on New York municipal bonds rated Baa or better. Managed by Nuveen Fund Advisors LLC and Nuveen Asset Management LLC, it builds its portfolio through careful individual bond selection and measures its results against the S&P New York and S&P National Municipal Bond indexes. The fund has operated since May 1999 and was previously known as Nuveen New York Dividend Advantage Municipal Fund.
