- BySeeking Alpha
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Nuveen New York Quality Municipal Income Fund (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objectives are to provide current income exempt from regular federal, New York State and New York City income tax. The Fund’s secondary investment objective is to achieve enhancement of portfolio value through investments in tax-exempt New York municipal obligations. The Fund is focused on investing over 80% of its managed assets in securities rated, at the time of investment, investment grade or if they are unrated. It may invest over 20% of its managed assets in municipal securities rated below investment quality. The Fund invests in various sectors, such as consumer staples, education and civic organizations, financials, health care, housing/multifamily, industrials, materials, transportation and utilities. The Funds’ investment adviser is Nuveen Fund Advisors, LLC.