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Posted by
Two Blokes Jul 17 -
Filed in
Stock
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3 views
NMZ offers high current income exempt from regular federal tax, making it attractive for income-focused investors in higher tax brackets. While I have recommended it in the past, I view its premium to NAV and use of ROC as negatives right now. The backdrop for munis as a whole is positive, but I will stay away from funds like NMZ that favor junk-rated credit in favor of higher quality.
