Company overview
Understand the business
Nuveen California AMT-Free Quality Municipal Income Fund (NKX) is a U.S.-domiciled closed-end investment fund. NKX invests in California municipal bonds, seeking income exempt from regular federal and California income taxes and individual alternative minimum tax. The portfolio is tied to California borrowers and public projects.
Primary earnings measures
Reported fund net investment income per common share, with its exact reporting period, is the core income measure shown here. Realized gains, unrealized changes and distributions are separate measures.
How the company supports its distribution
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.