Muni Lowdown: Harbor holdings headache
from The Muni Lowdown
Nuveen’s High Yield Municipal Bond Fund’s and Intermediate Duration Municipal Bond Fund’s top holdings are Energy Harbor Corp, the power company at the heart of a scandal in Ohio that saw its stocks drop by more than 20% last week. Nuveen holds at least 35% of the energy company’s indirect equity and also sits on its board of directors. Douglas Johnston, a Nuveen managing director and senior research analyst, is one of eight board members, according to the company. Debtwire Municipals’ reporters Caitlin Devitt and Patrick Ferguson investigate the situation. Yong Lim, the Debtwire Municipals desk editor, is the moderator of the podcast. The Muni Lowdown is a weekly podcast recapping the previous week's significant news developments in the municipal bond market. For comments or questions contact [email protected] Here's a brief video recap: https://www.linkedin.com/posts/debtwire_municipalbonds-nuveen-activity-6694324582154850304-y7lZ/
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