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Nuveen Michigan Premium Income Municipal Fund, Inc.
As of December 10, 2012, Nuveen Michigan Premium Income Municipal Fund, Inc. has been acquired by Nuveen Michigan Quality Income Municipal Fund, Inc. Nuveen Michigan Premium Income Municipal Fund, Inc. is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management. It invests in the fixed income markets of Michigan. The fund invests in undervalued municipal securities and other related investments the income from which is exempt from regular federal and Michigan income taxes. It seeks to invest in investment grade securities. The fund employs fundamental analysis with a focus on bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against Standard & Poor’s (S&P) Michigan Municipal Bond Index and Standard & Poor’s (S&P) National Municipal Bond Index. Nuveen Michigan Premium Income Municipal Fund, Inc. was formed on December 17, 1992 and is domiciled in the United States.
Market Cap
$115.2M
Volume
11.7K
Cash and Equivalents
N/A
EBITDA
N/A
Tax Rate Collected
N/A
Tax Rate Ratio
N/A
Gross Profit
$8.4M
Profit Margin
100.00%
52 Week High
$16.19
52 Week Low
$13.85
Dividend
N/A
Price / Book Value
0.96
Price / Earnings
7.91
Price / Tangible Book Value
0.96
Enterprise Value
N/A
Enterprise Value / EBITDA
N/A
Operating Income
$7.1M
Return on Equity
12.58%
Return on Assets
2.55
Cash and Short Term Investments
N/A
Debt
$57.1M
Equity
$119.7M
Revenue
$8.4M
Unlevered FCF
$4.4M
Sector
Capital Markets
Category
N/A
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