Company: NMI
Filing Date: 2025-01-06
Form Type: N-CSR
Source: 0001193125-25-002221
Chunk: 47

Company: NUVEEN MUNICIPAL INCOME FUND INC
Filing Date: 2025-01-06
Form: N-CSR
Chunk 47
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 include assets attributable to the Fund’s use of leverage (whether or not those assets are reflected in the Fund’s financial statements for purposes of generally accepted accounting principles), and derivatives will be valued at their market value. Under normal circumstances:

| ● |     | The Fund will invest at least 80% of its Managed Assets in investment grade quality municipal securities that, at the time of investment, are rated within the four highest grades (Baa or BBB or better) by at least one nationally recognized statistical rating organization (“NRSRO”) that rate such securities, or if it is unrated but judged to be of comparable quality by the Fund’ssub-adviser.A security is considered investment grade if it is rated within the four highest letter grades by at least one NRSRO that rate such securities (even if rated lower by another), or if it is unrated but judged to be of comparable quality by the Fund’ssub-adviser(such securities are commonly referred to as split-rated securities). |

| ● |     | The Fund may invest up to 20% of its Managed Assets in municipal securities that at the time of investment are rated below investment grade (Ba or BB or lower) by all NRSRO or are unrated but judged to be of comparable quality by the Fund’ssub-adviser;however, the Fund may not invest more than 10% of its Managed Assets in municipal securities rated belowB3/B-by all NRSROs that rate the security or that are unrated but judged to be of comparable quality by the Fund’ssub-adviser. |

| ● |     | The Fund will not invest in municipal securities that pay interest that is taxable under the federal alternative minimum tax applicable to individuals. |

| ● |     | The Fund may invest up to 15% of its Managed Assets in inverse floating rate securities. |

| ● |     | The Fund will not invest more than 25% of its Managed Assets in municipal securities in any one industry or in any one state of origin and no more than 5% of its Managed Assets in any one issuer. |

| ● |     | The Fund may not enter into a futures contract or related options or forward contracts if more than 30% of the Fund’s Managed Assets would be represented by futures contracts or more than 5% of the Fund’s Managed Assets would be committed to initial margin deposits and premiums on futures contracts or related options. |

| ● |     | The Fund will generally maintain an investment portfolio with an overall weighted average