Unassociated Document



 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-05488
 
Nuveen Municipal Income Fund, Inc.
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            10/31          
 
Date of reporting period:         1/31/14         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.
 
 
 
 
 
 
 
Item 1. Schedule of Investments
 
 
   
Portfolio of Investments (Unaudited)
      
           
   
Nuveen Municipal Income Fund, Inc. (NMI)
      
   
January 31, 2014
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 102.0%
      
   
MUNICIPAL BONDS – 102.0%
      
   
Alabama – 1.7%
      
$ 1,000
  
Courtland Industrial Development Board, Alabama, Solid Waste Revenue Bonds, International
6/15 at 100.00
BBB
$ 1,009,540
   
Paper Company Project, Series 2005A, 5.200%, 6/01/25 (Alternative Minimum Tax)
      
500
  
Jefferson County, Alabama, Limited Obligation School Warrants, Education Tax Revenue Bonds,
4/14 at 100.00
AA
500,200
   
Series 2004A, 5.250%, 1/01/23 – AGM Insured
      
1,500
  
Total Alabama
    
1,509,740
   
Arizona – 1.7%
      
1,000
  
Maricopa County Industrial Development Authority, Arizona, Single Family Mortgage Revenue
No Opt. Call
Aaa
997,940
   
Bonds, Series 1983A, 0.000%, 12/31/14 (ETM)
      
500
  
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
No Opt. Call
A–
536,865
   
Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28
      
1,500
  
Total Arizona
    
1,534,805
   
California – 18.1%
      
5,530
  
Adelanto School District, San Bernardino County, California, General Obligation Bonds, Series
No Opt. Call
A+
4,025,066
   
1997A, 0.000%, 9/01/22 – NPFG Insured
      
   
Brea Olinda Unified School District, California, General Obligation Bonds, Series 1999A:
      
2,000
  
0.000%, 8/01/21 – FGIC Insured
No Opt. Call
Aa2
1,581,020
2,070
  
0.000%, 8/01/22 – FGIC Insured
No Opt. Call
AA–
1,549,043
2,120
  
0.000%, 8/01/23 – FGIC Insured
No Opt. Call
AA–
1,481,244
360
  
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
12/18 at 100.00
B2
357,059
   
Angeles County Securitization Corporation, Series 2006A, 5.250%, 6/01/21
      
250
  
California Housing Finance Agency, California, Home Mortgage Revenue Bonds, Series 2007E,
2/17 at 100.00
A–
234,270
   
4.800%, 8/01/37 (Alternative Minimum Tax)
      
2,500
  
California State Public Works Board, Lease Revenue Bonds, Department of Mental Health,
6/14 at 100.00
AAA
2,540,725
   
Coalinga State Hospital, Series 2004A, 5.000%, 6/01/25 (Pre-refunded 6/01/14)
      
375
  
California Statewide Communities Development Authority, Revenue Bonds, American Baptist Homes
10/19 at 100.00
BBB+
396,686
   
of the West, Series 2010, 6.000%, 10/01/29
      
1,000
  
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
7/15 at 100.00
BBB–
930,640
   
Health System, Series 2005A, 5.000%, 7/01/39
      
1,000
  
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
6/17 at 100.00
B
791,620
   
Bonds, Series 2007A-1, 5.750%, 6/01/47
      
250
  
Madera County, California, Certificates of Participation, Children’s Hospital Central
3/20 at 100.00
A+
258,203
   
California, Series 2010, 5.375%, 3/15/36
      
300
  
M-S-R Energy Authority, California, Gas Revenue Bonds, Citigroup Prepay Contracts, Series
No Opt. Call
A
384,732
   
2009A, 7.000%, 11/01/34
      
250
  
Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation
6/20 at 100.00
A–
268,595
   
Bonds, Refunding Series 2010, 6.125%, 6/30/37
      
385
  
San Francisco Redevelopment Finance Authority, California, Tax Allocation Revenue Bonds,
2/21 at 100.00
A–
440,382
   
Mission Bay North Redevelopment Project, Series 2011C, 6.000%, 8/01/24
      
1,000
  
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
12/21 at 100.00
A
1,143,950
   
Redevelopment Project, Subordinate Lien Series 2011, 6.000%, 12/01/22
      
19,390
  
Total California
    
16,383,235
   
Colorado – 8.2%
      
1,000
  
Adams State College, Colorado, Institutional Enterprise Revenue Bonds, Series 2012,
5/22 at 100.00
Aa2
1,062,280
   
5.000%, 5/15/37
      
   
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding
      
   
Series 2013A:
      
150
  
5.125%, 12/01/29
12/23 at 100.00
BBB
154,547
250
  
5.375%, 12/01/33
12/23 at 100.00
BBB
261,545
105
  
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
6/14 at 100.00
A
105,088
   
University of Northern Colorado Lab School, Series 2004, 5.000%, 6/01/33 – SYNCORA
      
   
GTY Insured
      
1,000
  
Colorado Health Facilities Authority, Colorado, Revenue Bonds, Sisters of Charity of
1/20 at 100.00
AA–
1,020,220
   
Leavenworth Health Services Corporation, Series 2010A, 5.000%, 1/01/40
      
1,000
  
Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan
6/16 at 100.00
A–
999,930
   
Society, Series 2005, 5.000%, 6/01/35
      
750
  
Colorado Springs, Colorado, Utilities System Improvement Revenue Bonds, Series 2013B-1,
11/23 at 100.00
AA
809,895
   
5.000%, 11/15/38
      
1,000
  
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 5.000%, 11/15/32
11/22 at 100.00
A+
1,057,100
1,000
  
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
12/20 at 100.00
AA–
1,088,780
   
Refunding Bonds, Series 2011, 6.125%, 12/01/41 – AGM Insured
      
520
  
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
No Opt. Call
A
614,292
   
Utilities, Series 2008, 6.125%, 11/15/23
      
250
  
Southlands Metropolitan District 1, Colorado, Limited Tax General Obligation Bonds, Series
12/17 at 100.00
N/R
238,708
   
2007, 5.250%, 12/01/34 – RAAI Insured
      
7,025
  
Total Colorado
    
7,412,385
   
Connecticut – 0.6%
      
550
  
Capitol Region Education Council, Connecticut, Revenue Bonds, Series 1995, 6.750%, 10/15/15
4/14 at 100.00
BBB
552,530
   
District of Columbia – 0.7%
      
570
  
District of Columbia, Revenue Bonds, Association of Amercian Medical Colleges, Series 2011A,
10/23 at 100.00
A+
606,588
   
5.000%, 10/01/30
      
   
Florida – 5.7%
      
750
  
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
9/23 at 100.00
BBB–
681,915
   
Academy, Inc. Project, Series 2013A, 5.000%, 9/01/33
      
100
  
Dade County Industrial Development Authority, Florida, Revenue Bonds, Miami Cerebral Palsy
6/14 at 100.00
N/R
98,250
   
Residential Services Inc., Series 1995, 8.000%, 6/01/22
      
500
  
Florida Higher Educational Facilities Financing Authority, Revenue Bonds, Nova Southeastern
4/21 at 100.00
Baa1
547,875
   
University, Refunding Series 2011, 6.375%, 4/01/31
      
1,025
  
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B,
10/20 at 100.00
AA–
1,058,641
   
5.000%, 10/01/35 – AGM Insured
      
595
  
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2012,
7/22 at 100.00
AA
615,420
   
5.000%, 7/01/42
      
1,000
  
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A,
10/22 at 100.00
Aa3
1,030,070
   
5.000%, 10/01/42
      
515
  
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010,
10/20 at 100.00
AA–
522,880
   
5.375%, 10/01/40
      
580
  
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
5/14 at 101.00
BB
553,378
   
5.400%, 5/01/37
      
5,065
  
Total Florida
    
5,108,429
   
Georgia – 1.8%
      
830
  
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
11/23 at 100.00
A–
780,922
   
Testletree Village Apartments, Series 2013A, 4.000%, 11/01/25
      
500
  
Atlanta, Georgia, Water and Wastewater Revenue Bonds, Series 2009B, 5.250%, 11/01/34 –
11/19 at 100.00
AA–
528,500
   
AGM Insured
      
300
  
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/22
No Opt. Call
A
330,738
1,630
  
Total Georgia
    
1,640,160
   
Hawaii – 0.3%
      
250
  
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
7/23 at 100.00
BB+
253,783
   
University, Series 2013A, 6.625%, 7/01/33
      
   
Illinois – 9.0%
      
1,000
  
Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Tender Option Bond
No Opt. Call
AA–
1,079,080
   
Trust 1098, 18.176%, 8/15/15 – AGC Insured (IF) (4)
      
250
  
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
5/20 at 100.00
AA–
259,083
   
5.125%, 5/15/35
      
80
  
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
7/23 at 100.00
A–
84,199
   
5.500%, 7/01/28
      
450
  
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
5/19 at 100.00
A+
508,419
   
Series 2009C, 6.375%, 11/01/29
      
500
  
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series
8/19 at 100.00
BBB+
548,605
   
2009, 7.000%, 8/15/44
      
250
  
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
3/20 at 100.00
AA–
263,955
   
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
      
500
  
Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31
7/23 at 100.00
A–
527,525
220
  
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
1/16 at 100.00
D
82,458
   
Revenue Bonds, Series 2005B, 5.250%, 1/01/36
      
1,500
  
Metropolitan Pier and Exposition Authority, Illinois, McCormick Place Expansion Project
6/22 at 100.00
AAA
1,475,835
   
Refunding Bonds, Series 2012B, 5.000%, 6/15/52
      
1,305
  
North Chicago, Illinois, General Obligation Bonds, Series 2005B, 5.000%, 11/01/25 –
11/15 at 100.00
A
1,377,623
   
FGIC Insured
      
450
  
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana
10/22 at 100.00
Baa1
463,856
   
College, Series 2012, 5.000%, 10/01/27
      
800
  
Railsplitter Tobacco Settlement Authority, Illinois, Tobacco Settlement Revenue Bonds, Series
6/21 at 100.00
A–
888,696
   
2010, 6.000%, 6/01/28
      
490
  
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
10/23 at 100.00
A
529,695
   
6.000%, 10/01/32
      
7,795
  
Total Illinois
    
8,089,029
   
Indiana – 1.8%
      
525
  
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
10/19 at 100.00
BB–
532,508
   
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
      
605
  
Indiana Finance Authority, Provate Activity Bonds, Ohio River Bridges East End Crossing
7/23 at 100.00
BBB
574,206
   
Project, Series 2013A, 5.000%, 7/01/44 (Alternative Minimum Tax)
      
500
  
Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc., Series
9/21 at 100.00
N/R
555,035
   
2011, 8.000%, 9/01/41
      
1,630
  
Total Indiana
    
1,661,749
   
Iowa – 0.9%
      
835
  
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University of
10/21 at 100.00
BBB–
854,489
   
Dubuque Project, Refunding Series 2011, 5.625%, 10/01/26
      
   
Kansas – 0.5%
      
450
  
Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park
1/17 at 100.00
BB+
450,585
   
Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured
      
   
Kentucky – 2.6%
      
500
  
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
6/20 at 100.00
BBB+
532,155
   
Medical Health System, Series 2010A, 6.500%, 3/01/45
      
1,500
  
Louisville-Jefferson County Metropolitan Government, Kentucky, Health Facilities Revenue
2/18 at 100.00
Aaa
1,813,455
   
Bonds, Jewish Hospital & Saint Mary’s HealthCare Inc. Project, Series 2008, 6.125%, 2/01/37
      
   
(Pre-refunded 2/01/18)
      
2,000
  
Total Kentucky
    
2,345,610
   
Louisiana – 0.9%
      
500
  
Louisiana Local Government Enrvironmental Facilities and Community Development Authority,
1/19 at 100.00
AA–
531,460
   
Revenue Refunding Bonds, City of Shreveport Airport System Project, Series 2008A, 5.750%,
      
   
1/01/28 – AGM Insured
      
   
Louisiana Public Facilities Authority, Extended Care Facilities Revenue Bonds, Comm-Care
      
   
Corporation Project, Series 1994:
      
50
  
11.000%, 2/01/14 (ETM)
No Opt. Call
N/R (5)
50,000
275
  
11.000%, 2/01/14 (ETM)
No Opt. Call
N/R (5)
275,000
825
  
Total Louisiana
    
856,460
   
Maryland – 1.4%
      
1,000
  
Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation
6/20 at 100.00
Baa3
1,023,480
   
Facilities Project, Series 2010A, 5.750%, 6/01/35
      
210
  
Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Patterson Park
7/20 at 100.00
BBB–
210,659
   
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
      
1,210
  
Total Maryland
    
1,234,139
   
Michigan – 2.2%
      
575
  
Brandywine Community Schools, Berrien and Cass Counties, Michigan, General Obligation Bonds,
No Opt. Call
Aa2
575,937
   
Refunding Series 2013, 1.000%, 5/01/14
      
355
  
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
7/22 at 100.00
BBB+
328,702
   
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
      
1,025
  
Michigan State Building Authority, Revenue Refunding Bonds, Facilities Program, Series
10/21 at 100.00
Aa3
1,096,207
   
2011-II-A, 5.375%, 10/15/36
      
1,955
  
Total Michigan
    
2,000,846
   
Minnesota – 1.3%
      
500
  
Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Community of
12/15 at 100.00
BBB–
469,535
   
Peace Academy Project, Series 2006A, 5.000%, 12/01/36
      
670
  
Wayzata, Minnesota, Senior Housing Entrance Deposit Revenue Bonds, Folkestone Senior Living
5/14 at 100.00
N/R
673,290
   
Community, Series 2012B, 4.875%, 5/01/19
      
1,170
  
Total Minnesota
    
1,142,825
   
Mississippi – 0.5%
      
500
  
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
4/14 at 100.00
BBB
500,025
   
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
      
   
Missouri – 7.9%
      
265
  
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
10/19 at 100.00
A–
280,585
   
Transportation Sales Revenue Bonds, Refunding Series 2009A, 5.875%, 10/01/36
      
4,450
  
Missouri Environmental Improvement and Energy Resources Authority, Water Facility Revenue
12/16 at 100.00
AA+
4,479,682
   
Bonds, Missouri-American Water Company, Series 2006, 4.600%, 12/01/36 – AMBAC Insured
      
   
(Alternative Minimum Tax) (UB) (4)
      
135
  
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
5/23 at 100.00
BBB+
139,027
   
Saint Louis College of Pharmacy, Series 2013, 5.250%, 5/01/33
      
1,000
  
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
10/22 at 100.00
BBB–
993,130
   
Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33
      
125
  
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
10/23 at 100.00
A
132,209
   
University of Central Missouri, Series 2013C2, 5.000%, 10/01/34
      
500
  
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
552,810
   
Series 1999, 6.000%, 10/01/25
      
500
  
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
561,680
   
Series 2011A, 5.250%, 10/01/20
      
6,975
  
Total Missouri
    
7,139,123
   
Montana – 1.3%
      
1,200
  
Montana Board of Investments, Exempt Facility Revenue Bonds, Stillwater Mining Company, Series
4/14 at 100.00
B+
1,203,168
   
2000, 8.000%, 7/01/20 (Alternative Minimum Tax)
      
   
Nebraska – 0.5%
      
400
  
Nebraska Educational Finance Authority, Revenue Bonds, Clarkson College Project, Refunding
5/21 at 100.00
Aa3
424,640
   
Series 2011, 5.050%, 9/01/30
      
   
New Jersey – 0.4%
      
500
  
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
6/17 at 100.00
B2
369,640
   
Series 2007-1A, 4.750%, 6/01/34
      
   
New York – 3.7%
      
630
  
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
1/20 at 100.00
BBB–
674,094
   
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
      
400
  
Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Senior Fiscal 2012 Series
2/21 at 100.00
A
432,864
   
2011A, 5.750%, 2/15/47
      
265
  
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
12/20 at 100.00
BBB
287,655
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
      
1,865
  
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
8/14 at 100.00
N/R
1,939,171
   
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 2000A, 6.000%, 2/01/41
      
3,160
  
Total New York
    
3,333,784
   
North Dakota – 0.4%
      
300
  
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
11/21 at 100.00
A+
342,861
   
6.250%, 11/01/31
      
   
Ohio – 4.1%
      
520
  
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
6/17 at 100.00
B
415,376
   
Bonds, Senior Lien, Series 2007A-2, 5.875%, 6/01/47
      
1,000
  
Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center
8/16 at 100.00
A–
1,005,830
   
Project, Series 2006, 5.250%, 8/15/46
      
1,750
  
Middleburg Heights, Ohio, Hospital Facilities Revenue Bonds, Southwest General Health Center
8/21 at 100.00
A2
1,795,780
   
Project, Refunding Series 2011, 5.250%, 8/01/36
      
500
  
Montgomery County, Ohio, Health Care and Multifamily Housing Revenue Bonds, Saint Leonard,
4/20 at 100.00
BBB–
526,575
   
Refunding & improvement Series 2010, 6.375%, 4/01/30
      
3,770
  
Total Ohio
    
3,743,561
   
Oregon – 1.0%
      
850
  
Portland, Oregon, River District Urban Renewal and Redevelopment Bonds, Series 2012C,
6/22 at 100.00
A1
910,240
   
5.000%, 6/15/29
      
   
Pennsylvania – 3.5%
      
590
  
Berks County Municipal Authority, Pennsylvania, Hospital Revenue Bonds, Reading Hospital and
No Opt. Call
Aa3
611,299
   
Medical Center, Series 1993, 5.700%, 10/01/14 – NPFG Insured
      
1,000
  
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital and Medical
5/22 at 100.00
AA
1,028,860
   
Center Project, Series 2012A, 5.000%, 11/01/40
      
460
  
Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social
1/19 at 100.00
BBB+
492,412
   
Ministries Project, Series 2009, 6.125%, 1/01/29
      
1,000
  
Pennsylvania Higher Educational Facilities Authority, Revenue Bonds, Foundation for Student
7/22 at 100.00
BBB+
999,220
   
Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41
      
3,050
  
Total Pennsylvania
    
3,131,791
   
Puerto Rico – 0.5%
      
640
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/19 at 100.00
A+
482,886
   
2009A, 6.000%, 8/01/42
      
   
Rhode Island – 1.1%
      
1,000
  
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
4/14 at 100.00
BBB–
983,980
   
Series 2002A, 6.250%, 6/01/42
      
   
South Carolina – 0.7%
      
475
  
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%,
No Opt. Call
Baa1 (5)
599,588
   
1/01/19 – FGIC Insured (ETM)
      
   
Tennessee – 2.5%
      
1,230
  
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds,
1/23 at 100.00
A+
1,259,852
   
Catholic Health Initiatives, Series 2013A, 5.250%, 1/01/45
      
1,000
  
Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
9/16 at 100.00
BBB+
1,001,150
   
Wellmont Health System, Series 2006C, 5.250%, 9/01/36
      
2,230
  
Total Tennessee
    
2,261,002
   
Texas – 8.0%
      
1,500
  
Cameron Education Finance Corporation, Texas, Charter School Revenue Bonds, Faith Family
8/16 at 100.00
BBB–
1,396,920
   
Academy Charter School, Series 2006A, 5.250%, 8/15/36 – ACA Insured
      
335
  
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
10/23 at 100.00
BBB+
337,007
   
2013A, 5.125%, 10/01/43
      
350
  
Houston Higher Education Finance Corporation, Texas, Education Revenue Bonds, Cosmos Foundation,
5/21 at 100.00
BBB
389,571
   
Inc., Series 2011A, 6.500%, 5/15/31
      
   
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Tender Option Bond
      
   
Trust 1015:
      
850
  
20.792%, 1/01/38 (IF) (4)
1/18 at 100.00
A3
1,151,215
150
  
20.901%, 1/01/38 (IF) (4)
1/18 at 100.00
A3
207,047
200
  
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A,
9/31 at 100.00
AA+
144,714
   
0.000%, 9/01/43
      
270
  
SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series
No Opt. Call
A
296,808
   
2007, 5.500%, 8/01/27
      
   
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
      
   
Series 2012:
      
1,000
  
5.000%, 12/15/27
No Opt. Call
A3
1,026,620
500
  
5.000%, 12/15/28
No Opt. Call
A3
510,025
405
  
Texas Private Activity Bond Surface Transporation Corporation, Revenue Bonds, NTE Mobility
12/19 at 100.00
Baa2
443,135
   
Partners LLC North Tarrant Express Managed Lanes Project, Senior Lien Series 2009,
      
   
6.875%, 12/31/39
      
770
  
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
6/20 at 100.00
Baa3
852,937
   
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/40
      
500
  
Texas Public Finance Authority, Charter School Finance Corporation Revenue Bonds, Idea Public
8/17 at 100.00
BBB
472,880
   
School Project, Series 2007A, 5.000%, 8/15/37 – ACA Insured
      
45
  
West Texas Independent School District, McLennan and Hill Counties, General Obligation
8/14 at 54.76
AAA
24,013
   
Refunding Bonds, Series 1998, 0.000%, 8/15/25
      
6,875
  
Total Texas
    
7,252,893
   
Virgin Islands – 0.5%
      
420
  
Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note – Diageo Project,
10/19 at 100.00
BBB
460,438
   
Series 2009A, 6.750%, 10/01/37
      
   
Virginia – 0.3%
      
250
  
Virginia Small Business Financing Authority, Senior Lien Revenue Bonds, Elizabeth River
7/22 at 100.00
BBB–
262,093
   
Crossing, Opco LLC Project, Series 2012, 6.000%, 1/01/37 (Alternative Minimum Tax)
      
   
Washington – 0.6%
      
500
  
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
12/17 at 100.00
N/R
500,975
   
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
      
   
Wisconsin – 5.1%
      
1,050
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian HealthCare,
7/23 at 100.00
A–
1,072,901
   
Inc., Series 2013B, 5.000%, 7/01/36
      
290
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Beloit Health System,
4/20 at 100.00
A–
293,191
   
Inc., Series 2010B, 5.000%, 4/01/30
      
755
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran,
10/21 at 100.00
A+
772,705
   
Series 2011A, 5.250%, 10/15/39
      
1,385
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marquette University,
10/22 at 100.00
A2
1,367,880
   
Series 2012, 4.000%, 10/01/32
      
1,000
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Meriter Hospital, Inc.,
5/21 at 100.00
A
1,069,500
   
Series 2011A, 5.500%, 5/01/31
      
4,480
  
Total Wisconsin
    
4,576,177
$ 92,925
  
Total Long-Term Investments (cost $87,080,803)
    
92,116,252
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
SHORT-TERM INVESTMENTS – 0.3%
      
   
MUNICIPAL BONDS – 0.3%
      
   
Kentucky – 0.3%
      
$ 230
  
Kentucky Economic Development Finance Authority, Solid Waste Disposal Revenue Bonds, Variable
No Opt. Call
A-2
$      230,000
   
Rate Demand Obligations, Republic Services Inc., Refunding 2010B, 0.520%, 4/01/31 (Mandatory
      
   
    put 3/03/14) – AGM Insured (6)
      
   
Total Short-Term Investments (cost $230,000)
    
230,000
   
Total Investments (cost $87,310,803) – 102.3%
    
92,346,252
   
Floating Rate Obligations – (3.7)%
    
(3,335,000)
   
Other Assets Less Liabilities – 1.4%
    
1,300,885
   
Net Assets – 100%
    
$ 90,312,137
 
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that the Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management's assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund's fair value measurements as of the end of the reporting period:
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
        
Municipal Bonds
$ —
$92,116,252
$ —
$92,116,252
Short-Term Investments:
        
Municipal Bonds
—
230,000
—
230,000
Total
$ —
$92,346,252
$ —
$92,346,252
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of January 31, 2014, the cost of investments was $83,795,759.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of January 31, 2014, were as follows:
   
Gross unrealized:
  
Appreciation
$ 6,540,989
Depreciation
(1,325,441)
Net unrealized appreciation (depreciation) of investments
$ 5,215,548
 
 
     
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets.
(2)
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors
   
Service, Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa
   
by Moody’s or BBB by Fitch are considered to be below investment grade. Holdings designated N/R
   
are not rated by any of these national rating agencies.
(4)
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations
   
for investments in inverse floating rate transactions.
(5)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency
   
securities, which ensure the timely payment of principal and interest. Certain bonds backed by U.S.
   
Government or agency securities are regarded as having an implied rating equal to the rating of
   
such securities.
(6)
  
Investment has a maturity of more than one year, but has variable rate and demand features which
   
qualify it as a short-term investment. The rate disclosed is that in effect as of the end of the reporting
   
period. This rate changes periodically based on market conditions or a specified market index.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
(UB)
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
 
 
 
 
 
 
 

 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen Municipal Income Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         April 1, 2014        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         April 1, 2014        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         April 1, 2014