Nuveen Municipal Credit Opportunities Fund (NMCO)
The Nuveen Municipal Credit Opportunities Fund functions as a closed-end investment vehicle, primarily aiming to generate current income that is not subject to standard U.S. federal income taxation. This entity was established on April 18, 2019, and conducts its operations from Chicago, Illinois.
Industry: Asset Management
Nuveen Municipal Credit Opportunities Fund
NYSE:NMCOFinancial Services · Asset Management
-1.59%$8.67
AH Close$8.67+0.00%vs close
AH Close$8.67+0.00%vs close
Mkt Cap$516.61M
Float55.35M
O/S59.59M
Inst Own18.1%
SI4.8%
Div Yield9.48%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$19.39M
Net Income$1.13M
Total Assets$1.06B
Free Cash Flow$49.6M
Debt & Equity
Debt 2%
Equity 98%
Total Debt$10.4M
Total Equity$602.42M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in NMCO's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.06B
Liabilities$455.92M
Accounts Receivable$53.29M
Accounts Payable$3.87M
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Revenue | $19.39M | $60.89M | $56.06M | -$191.97M | $61.21M | $55.25M | $4.28M |
| YoY Growth | -68.2% | 8.6% | -129.2% | -413.6% | 10.8% | 1191.9% | - |
| Cost of Revenue | $16.57M | $0 | $0 | $8.04M | $0 | $0 | $0 |
| Gross Profit | $2.83M | $60.89M | $56.06M | $62.18M | $61.21M | $55.25M | $4.28M |
| Gross Margin | 14.6% | 100.0% | 100.0% | -32.4% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $1.58M | $11.29M | $11.56M | $1.51M | $12.58M | $11M | $81K |
| Other | $116K | $0 | $0 | $10.65M | $0 | $0 | $15 |
| Total Operating Expenses | $1.69M | $11.29M | $11.56M | $12.16M | $12.58M | $11M | $81K |
| Operating Income (EBIT) | $1.13M | $49.59M | $44.5M | $50.03M | $48.63M | $44.25M | $4.2M |
| Operating Margin | 5.9% | 81.5% | 79.4% | -26.1% | 79.4% | 80.1% | 98.1% |
| Interest Expense | $16.57M | $19.04M | $19.1M | $8.04M | $4.75M | $6.42M | $45K |
| Interest Income | $62.53M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | $0 | $78.51M | -$70.21M | -$243.51M | $132.62M | -$126.4M | $0 |
| Income Before Tax (EBT) | $1.13M | $128.1M | -$25.71M | -$193.48M | $181.24M | -$82.15M | $4.2M |
| Income Tax Expense | $0 | $67K | $0 | $0 | $0 | $0 | $50.35M |
| Net Income | $1.13M | $128.03M | -$25.71M | -$193.48M | $181.24M | -$82.15M | $4.2M |
| Net Income Margin | 5.9% | 210.3% | -45.9% | 100.8% | 296.1% | -148.7% | 98.1% |
| Supplementary Data | |||||||
| EPS | 0.02 | 2.34 | -0.47 | -3.58 | 3.40 | -1.54 | 0.08 |
| Diluted EPS | 0.02 | 2.34 | -0.47 | -3.58 | 3.40 | -1.54 | 0.08 |
| Weighted Average OS | 54.80M | 54.80M | 54.70M | 54.05M | 53.29M | 53.28M | 52.45M |
| EBITDA | $1.13M | $49.59M | $44.5M | $50.03M | $48.63M | $44.25M | $50.39M |
| EBITDA Margin | 5.9% | 81.5% | 79.4% | -26.1% | 79.4% | 80.1% | 1178.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $1.28M | $65.52M | $0 | $0 | $3.39M | $17.48M | $11.53M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $1.28M | $65.52M | $0 | $0 | $3.39M | $17.48M | $11.53M |
| Accounts Receivable | $53.29M | $85.53M | $40.7M | $40.66M | $22.21M | $23.51M | $7.46M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $20M | $0 | $0 | $0 | $0 |
| Total Current Assets | $54.57M | $151.06M | $60.7M | $40.66M | $25.59M | $40.99M | $18.99M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $4.17B | $1B | $1.08B | $1.28B | $1.12B | $825.95M |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $1B | $199K | $327K | $1.12B | $1.28B | $0 | $0 |
| Total Long-Term Assets | $1B | $4.17B | $1B | $1.08B | $1.28B | $1.12B | $825.95M |
| Other Assets | $0 | $73.84M | $20.33M | $320K | $311K | $81K | $698 |
| Total Assets | $1.06B | $4.39B | $1.06B | $1.12B | $1.3B | $1.16B | $844.95M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $3.87M | $16.4M | $40.23M | $29.93M | $3.25M | $6.67M | $12.74M |
| Short-Term Debt | $0 | $7.21M | $6K | $3.75M | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $62.08M | -$6K | -$5.22M | $0 | $0 | $0 |
| Total Current Liabilities | $3.87M | $85.68M | $40.23M | $29.93M | $3.25M | $6.67M | $12.74M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $10.4M | $450.24M | $6K | $475.07M | $474.73M | $470.77M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $441.65M | $0 | $0 | $178K | $0 | $0 | $0 |
| Total Long-Term Liabilities | $452.05M | $450.24M | $6K | $475.25M | $474.73M | $470.77M | $28.5M |
| Other Liabilities | $0 | $0 | $470.11M | $450.22M | $1.36M | $449.85M | $665K |
| Total Liabilities | $455.92M | $1.78B | $510.35M | $510.09M | $479.34M | $478.44M | $41.9M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $552K | $1.94M | $548K | $548K | $533K | $533K | $533K |
| Retained Earnings | -$203.07M | -$117.91M | -$267.25M | -$208.13M | $25.15M | -$116.52M | $4.2M |
| Comprehensive Income & Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $804.93M | $2.73B | $817.98M | $818.08M | $798.59M | $798.5M | $798.31M |
| Total Equity | $602.42M | $2.62B | $551.28M | $610.5M | $824.27M | $682.51M | $803.05M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.06B | $4.39B | $1.06B | $1.12B | $1.3B | $1.16B | $844.95M |
| Supplementary Data | |||||||
| Total Debt | $10.4M | $457.45M | $6K | $11.95M | $474.73M | $470.77M | $28.5M |
| Net Debt | $9.12M | -$65.52M | $6K | $11.95M | $471.34M | $4.44M | $16.97M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-10-31 | 2024-10-31 | 2023-10-31 | 2022-10-31 | 2021-10-31 | 2020-10-31 | 2019-10-31 |
| Operating Activities | |||||||
| Net Income | $1.13M | $128.03M | -$25.71M | -$193.48M | $181.24M | -$82.15M | $50.35M |
| Depreciation & Amortization | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $32.25M | $7.85M | -$41K | -$18.45M | $1.3M | -$16.05M | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$16.88M | -$72.65M | $10.61M | $26.9M | -$3.2M | -$8.99M | $0 |
| Total Working Capital Change | $15.38M | -$64.8M | $10.57M | $8.45M | -$1.9M | -$25.04M | $0 |
| Other Non-Cash Items | $33.09M | -$35.74M | $79.12M | $198.2M | -$157.76M | -$293.85M | -$50.35M |
| Net Cash from Operating | $49.6M | $27.5M | $63.98M | $13.17M | $21.59M | -$401.04M | $0 |
| Investing Activities | |||||||
| Capital Expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Cash from Investing | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing Activities | |||||||
| Debt Repaid | -$10.97M | -$23.2M | $9.84M | -$3.98M | -$3.9M | $6.58M | - |
| Common Stock Issuance | $0 | $111K | $357K | $19.15M | $0 | $450M | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$62K | $0 | $0 |
| Dividends Paid | -$45.06M | -$35.81M | -$34.5M | -$39.64M | -$39.65M | -$35.2M | $0 |
| Other Financing Activities | -$3.23M | $35M | -$3.39M | -$54K | $128K | -$1.23M | $0 |
| Net Cash from Financing | -$48.31M | -$47.5M | -$43.98M | -$16.56M | -$35.68M | $406.99M | $0 |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.28M | -$20M | $20M | -$3.39M | -$14.09M | $5.95M | $0 |
| Supplementary Data | |||||||
| Operating Cash Flow | $49.6M | $27.5M | $63.98M | $13.17M | $21.59M | -$401.04M | $0 |
| Capital Expenditure | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Free Cash Flow | $49.6M | $27.5M | $63.98M | $13.17M | $21.59M | -$401.04M | $0 |
| Cash at Beginning | $0 | $20M | $0 | $3.39M | $17.48M | $11.53M | $0 |
| Cash at End | $1.28M | $0 | $20M | $0 | $3.39M | $17.48M | $0 |