Nuveen New York Quality Municipal Income Fund Common Stock (NAN)

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

At the 2026-10-16 close of $9.85, this closed-end fund is priced at a FairStock P/B of 0.85, so the market is valuing it below its book-value measure. That discount is the main Graham-style attraction. The 8.28% dividend yield and 0.58 beta make it look like an income vehicle with lower market sensitivity than equities. However, the price is above the FairStock Graham Number of $9.69, with a stated margin of safety of -2.37%, so on that conservative math there is no margin of safety. The FairStock P/E of 27.36 is not cheap, and the Piotroski F-score of 0/9 plus Altman Z-score of 0.72 are weak readings, even if those tools are not perfectly suited to a municipal bond fund. Debt/equity of 0.66 signals leverage, which can magnify both income and net asset value moves. On business quality, the mandate is New York municipal bonds rated Baa or higher, which is investment-grade, but concentration in one state and lower investment-grade credit can matter. I see no durable competitive moat in the numbers; returns will depend on portfolio credit, leverage cost and expenses. Growth trajectory is unassessable: revenue and profit growth are N/A, and no Lynch category is assigned because there are only 0 years of filed results. Overall, this is an income-oriented fund trading at a modest book discount but without a Graham margin of safety and with weak financial-health scores. I would call it fair-to-slightly-rich on value, and dependent on distribution sustainability.

In plain English: It is a closed-end fund that owns New York municipal bonds rated Baa or better. It trades a little below the value of its assets and pays a high income yield, but its earnings-based scores look weak and the price is slightly above one conservative value estimate. At $9.85, the price looks roughly fair to slightly expensive on the given numbers, not clearly cheap.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-16 close · note generated 2026-10-20 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer