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:         7/31/13         
 
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)
     
   
   July 31, 2013
     
 
 
Principal
   
Optional Call
   
Amount (000)
 
Description (1)
Provisions (2)
Ratings (3)
Value
   
Alabama – 1.7%
     
$     1,000
 
Courtland Industrial Development Board, Alabama, Solid Waste Revenue Bonds, International
6/15 at 100.00
BBB
$    1,016,350
   
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,
1/14 at 100.00
AA
498,985
   
Series 2004A, 5.250%, 1/01/23 – AGM Insured
     
1,500
 
Total Alabama
   
1,515,335
   
Arizona – 0.6%
     
500
 
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
No Opt. Call
A–
522,565
   
Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28
     
   
California – 18.4%
     
5,530
 
Adelanto School District, San Bernardino County, California, General Obligation Bonds, Series
No Opt. Call
A+
3,816,972
   
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
1,504,860
2,070
 
0.000%, 8/01/22 – FGIC Insured
No Opt. Call
Aa2
1,459,826
2,120
 
0.000%, 8/01/23 – FGIC Insured
No Opt. Call
Aa2
1,398,670
360
 
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
12/18 at 100.00
B2
351,511
   
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
BBB
222,090
   
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
2,599,525
   
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+
391,125
   
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–
990,630
   
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
780,900
   
Bonds, Series 2007A-1, 5.750%, 6/01/47
     
500
 
Lake Elsinore Public Finance Authority, California, Local Agency Revenue Refunding Bonds,
10/13 at 102.00
N/R
507,690
   
Series 2003H, 6.375%, 10/01/33
     
250
 
Madera County, California, Certificates of Participation, Children’s Hospital Central
3/20 at 100.00
A+
253,318
   
California, Series 2010, 5.375%, 3/15/36
     
300
 
M-S-R Energy Authority, California, Gas Revenue Bonds, Series 2009A, 7.000%, 11/01/34
No Opt. Call
A
364,488
250
 
Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation
6/20 at 100.00
A–
262,983
   
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–
435,377
   
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
1,126,010
   
Redevelopment Project, Subordinate Lien Series 2011, 6.000%, 12/01/22
     
19,890
 
Total California
   
16,465,975
   
Colorado – 8.5%
     
1,000
 
Adams State College, Colorado, Institutional Enterprise Revenue Bonds, Series 2012,
5/22 at 100.00
Aa2
1,035,900
   
5.000%, 5/15/37
     
105
 
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
6/14 at 100.00
A
102,540
   
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
997,050
   
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–
972,100
   
Society, Series 2005, 5.000%, 6/01/35
     
175
 
Commerce City Northern Infrastructure General Improvement District, Colorado, General
12/22 at 100.00
AA–
153,662
   
Obligation Bonds, Series 2013, 4.000%, 12/01/38 – AGM Insured
     
1,750
 
Denver City and County, Colorado, Airport System Revenue Bonds, Series 2012B, 4.000%, 11/15/43
11/22 at 100.00
A+
1,468,740
1,000
 
Denver West Metropolitan District, Jefferson County, Colorado, General Obligation Refunding
12/22 at 100.00
AA–
922,450
   
Bonds, Series 2012A, 4.000%, 12/01/32 – AGM Insured
     
1,000
 
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
12/20 at 100.00
AA–
1,067,650
   
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
609,279
   
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
217,295
   
2007, 5.250%, 12/01/34 – RAAI Insured
     
7,800
 
Total Colorado
   
7,546,666
   
Connecticut – 1.0%
     
825
 
Capitol Region Education Council, Connecticut, Revenue Bonds, Series 1995, 6.750%, 10/15/15
10/13 at 100.00
BBB
828,457
95
 
Eastern Connecticut Resource Recovery Authority, Solid Waste Revenue Bonds, Wheelabrator
No Opt. Call
BBB
95,095
   
Lisbon Project, Series 1993A, 5.500%, 1/01/14 (Alternative Minimum Tax)
     
920
 
Total Connecticut
   
923,552
   
District of Columbia – 0.7%
     
570
 
District of Columbia, Revenue Bonds, Association of Amercian Medical Colleges, Series 2011A,
10/23 at 100.00
A+
585,515
   
5.000%, 10/01/30
     
   
Florida – 5.6%
     
750
 
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
9/23 at 100.00
BBB–
663,893
   
Academy, Inc. Project, Series 2013A, 5.000%, 9/01/33
     
160
 
Brwoard County, Florida, Fuel System Revenue Bonds, Fort Lauderdale Fuel Facilities LLC
4/23 at 100.00
AA–
154,491
   
Project, Series 2013A, 5.000%, 4/01/38 – AGM Insured (Alternative Minimum Tax)
     
100
 
Dade County Industrial Development Authority, Florida, Revenue Bonds, Miami Cerebral Palsy
12/13 at 100.00
N/R
97,843
   
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
544,290
   
University, Refunding Series 2011, 6.375%, 4/01/31
     
885
 
Miami-Dade County, Florida, Aviation Revenue Bonds, Miami International Airport, Series 2010B,
10/20 at 100.00
AA–
903,098
   
5.000%, 10/01/35 – AGM Insured
     
545
 
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Series 2012,
7/22 at 100.00
AA
552,412
   
5.000%, 7/01/42
     
1,000
 
Miami-Dade County, Florida, Water and Sewer System Revenue Bonds, Series 2013A, 5.000%,
10/22 at 100.00
Aa3
1,009,450
   
10/01/42 (WI/DD, Settling 8/02/13)
     
515
 
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010,
10/20 at 100.00
AA–
529,600
   
5.375%, 10/01/40
     
590
 
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
5/14 at 101.00
BB
554,659
   
5.400%, 5/01/37
     
5,045
 
Total Florida
   
5,009,736
   
Georgia – 1.8%
     
830
 
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
11/23 at 100.00
A–
742,501
   
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–
517,995
   
AGM Insured
     
300
 
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/22
No Opt. Call
A
321,180
1,630
 
Total Georgia
   
1,581,676
   
Hawaii – 0.3%
     
250
 
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
7/23 at 100.00
N/R
250,115
   
University, Series 2013A, 6.625%, 7/01/33
     
   
Illinois – 11.7%
     
340
 
Chicago, Illinois, Tax Increment Allocation Bonds, Irving/Cicero Redevelopment Project, Series
No Opt. Call
N/R
340,898
   
1998, 7.000%, 1/01/14
     
1,500
 
Illinois Development Finance Authority, Pollution Control Revenue Refunding Bonds – CIPS Debt,
12/13 at 100.00
BBB
1,502,625
   
Series 1993C-2, 5.950%, 8/15/26
     
1,000
 
Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Tender Option Bond
No Opt. Call
AA–
1,129,280
   
Trust 1098, 18.492%, 8/15/15 – AGC Insured (IF) (5)
     
250
 
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
5/20 at 100.00
AA–
255,660
   
5.125%, 5/15/35
     
80
 
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
7/23 at 100.00
A–
80,390
   
5.500%, 7/01/28
     
450
 
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
5/19 at 100.00
A
504,257
   
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+
542,215
   
2009, 7.000%, 8/15/44
     
250
 
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
3/20 at 100.00
AA–
257,343
   
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
     
1,000
 
Illinois Health Facilities Authority, Revenue Refunding Bonds, Elmhurst Memorial Healthcare,
1/14 at 100.00
Baa2
1,003,190
   
Series 2002, 5.500%, 1/01/22
     
500
 
Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31
7/23 at 100.00
A–
501,125
220
 
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
1/16 at 100.00
CCC
94,136
   
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
1,503,045
   
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
1,386,406
   
FGIC Insured
     
450
 
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana
10/22 at 100.00
Baa1
459,765
   
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–
874,560
   
2010, 6.000%, 6/01/28
     
10,145
 
Total Illinois
   
10,434,895
   
Indiana – 1.9%
     
525
 
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
10/19 at 100.00
BB–
548,651
   
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
     
605
 
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
7/23 at 100.00
BBB
545,359
   
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
567,730
   
2011, 8.000%, 9/01/41
     
1,630
 
Total Indiana
   
1,661,740
   
Iowa – 0.9%
     
835
 
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University of
10/21 at 100.00
BBB–
845,003
   
Dubuque Project, Refunding Series 2011, 5.625%, 10/01/26
     
   
Kansas – 0.5%
     
480
 
Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park
1/17 at 100.00
BB+
485,822
   
Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured
     
   
Kentucky – 3.0%
     
500
 
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
6/20 at 100.00
BBB+
532,945
   
Medical Health System, Series 2010A, 6.500%, 3/01/45
     
310
 
Kentucky Housing Corporation, Housing Revenue Bonds, Series 2010C, 4.625%, 7/01/33
1/20 at 100.00
AAA
308,989
1,500
 
Louisville-Jefferson County Metropolitan Government, Kentucky, Health Facilities Revenue
2/18 at 100.00
Aaa
1,818,930
   
Bonds, Jewish Hospital & Saint Mary’s HealthCare Inc. Project, Series 2008, 6.125%, 2/01/37
     
   
(Pre-refunded 2/01/18)
     
2,310
 
Total Kentucky
   
2,660,864
   
Louisiana – 1.0%
     
500
 
Louisiana Local Government Environmental Facilities and Community Development Authority,
1/19 at 100.00
AA–
521,430
   
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 (4)
52,588
275
 
11.000%, 2/01/14 (ETM)
No Opt. Call
N/R (4)
289,231
825
 
Total Louisiana
   
863,249
   
Maryland – 1.4%
     
1,000
 
Maryland Economic Development Corporation, Economic Development Revenue Bonds, Transportation
6/20 at 100.00
Baa3
1,072,460
   
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–
212,274
   
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
     
1,210
 
Total Maryland
   
1,284,734
   
Michigan – 1.6%
     
355
 
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
7/22 at 100.00
BBB+
325,418
   
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
1,077,275
   
2011-II-A, 5.375%, 10/15/36
     
1,380
 
Total Michigan
   
1,402,693
   
Mississippi – 0.5%
     
500
 
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
10/13 at 100.00
BBB
498,010
   
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
     
   
Missouri – 7.4%
     
265
 
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
10/19 at 100.00
A–
274,948
   
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+
4,289,311
   
Bonds, Missouri-American Water Company, Series 2006, 4.600%, 12/01/36 – AMBAC Insured
     
   
(Alternative Minimum Tax) (UB) (5)
     
1,000
 
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
10/22 at 100.00
BBB–
934,830
   
Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33
     
500
 
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
550,520
   
Series 1999, 6.000%, 10/01/25
     
500
 
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
556,640
   
Series 2011A, 5.250%, 10/01/20
     
6,715
 
Total Missouri
   
6,606,249
   
Montana – 1.3%
     
1,200
 
Montana Board of Investments, Exempt Facility Revenue Bonds, Stillwater Mining Company, Series
1/14 at 100.00
B+
1,203,132
   
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
413,244
   
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
364,935
   
Series 2007-1A, 4.750%, 6/01/34
     
   
New York – 3.8%
     
630
 
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
1/20 at 100.00
BBB–
695,980
   
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
425,464
   
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
293,938
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
     
1,945
 
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
2/14 at 100.00
N/R
2,000,471
   
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 2000A, 6.000%, 2/01/41
     
3,240
 
Total New York
   
3,415,853
   
North Dakota – 0.4%
     
300
 
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
11/21 at 100.00
A+
338,802
   
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
389,163
   
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–
984,840
   
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
1,753,973
   
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–
519,715
   
Refunding & improvement Series 2010, 6.375%, 4/01/30
     
3,770
 
Total Ohio
   
3,647,691
   
Oregon – 1.0%
     
850
 
Portland, Oregon, River District Urban Renewal and Redevelopment Bonds, Series 2012C,
6/22 at 100.00
A1
888,352
   
5.000%, 6/15/29
     
   
Pennsylvania – 3.8%
     
1,000
 
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital and Medical
5/22 at 100.00
AA
978,080
   
Center Project, Series 2012A, 5.000%, 11/01/40
     
1,000
 
Centre County Hospital Authority, Pennsylvania, Hospital Revenue Bonds, Mount Nittany Medical
No Opt. Call
A–
962,660
   
Center Project, Series 2012A, 5.000%, 11/15/47
     
460
 
Cumberland County Municipal Authority Revenue Bonds, Pennsylvania, Diakon Lutheran Social
1/19 at 100.00
BBB+
487,172
   
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+
957,900
   
Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41
     
3,460
 
Total Pennsylvania
   
3,385,812
   
Puerto Rico – 0.7%
     
640
 
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series
8/19 at 100.00
A+
640,640
   
2009A, 6.000%, 8/01/42
     
   
Rhode Island – 1.1%
     
1,000
 
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
12/13 at 100.00
BBB–
1,000,880
   
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 (4)
600,728
   
1/01/19 – FGIC Insured (ETM)
     
   
Tennessee – 1.1%
     
1,000
 
Sullivan County Health Educational and Housing Facilities Board, Tennessee, Revenue Bonds,
9/16 at 100.00
BBB+
995,320
   
Wellmont Health System, Series 2006C, 5.250%, 9/01/36
     
500
 
Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding
11/17 at 100.00
N/R
1,245
   
Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37 (6)
     
1,500
 
Total Tennessee
   
996,565
   
Texas – 8.6%
     
1,500
 
Cameron Education Finance Corporation, Texas, Charter School Revenue Bonds, Faith Family
8/16 at 100.00
BBB–
1,318,095
   
Academy Charter School, Series 2006A, 5.250%, 8/15/36 – ACA Insured
     
105
 
Central Texas Regional Mobility Authority, Revenue Bonds, Senior Lien Refunding Series 2013A,
1/23 at 100.00
Baa2
99,728
   
5.000%, 1/01/43
     
335
 
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, Frst Tier Series
10/23 at 100.00
BBB+
326,196
   
2013A, 5.125%, 10/01/43 (WI/DD, Settling 8/01/13)
     
350
 
Houston Higher Education Finance Corporation, Texas, Education Revenue Bonds, Cosmos
5/21 at 100.00
BBB
386,502
   
Foundation, Inc., Series 2011A, 6.500%, 5/15/31
     
1,000
 
Matagorda County Navigation District 1, Texas, Collateralized Revenue Refunding Bonds, Houston
10/13 at 101.00
A
1,015,320
   
Light and Power Company, Series 1995, 4.000%, 10/15/15 – NPFG Insured
     
   
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Tender Option
     
   
Bond Trust 1015:
     
850
 
20.388%, 1/01/38 (IF) (5)
1/18 at 100.00
A3
1,124,057
150
 
20.496%, 1/01/38 (IF) (5)
1/18 at 100.00
A3
202,232
200
 
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A,
9/31 at 100.00
AA
133,168
   
0.000%, 9/01/43
     
270
 
SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series
No Opt. Call
A
287,483
   
2007, 5.500%, 8/01/27
     
1,000
 
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds, Series
No Opt. Call
A3
978,100
   
2012, 5.000%, 12/15/28
     
770
 
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, LBJ
6/20 at 100.00
Baa3
876,915
   
Infrastructure Group LLC IH-635 Managed Lanes Project, Series 2010, 7.000%, 6/30/40
     
405
 
Texas Private Activity Bond Surface Transportation Corporation, Senior Lien Revenue Bonds, NTE
12/19 at 100.00
Baa2
454,957
   
Mobility Partners LLC North Tarrant Express Managed Lanes Project, Series 2009,
     
   
6.875%, 12/31/39
     
500
 
Texas Public Finance Authority, Charter School Finance Corporation Revenue Bonds, Idea Public
8/17 at 100.00
BBB
464,980
   
School Project, Series 2007A, 5.000%, 8/15/37 – ACA Insured
     
45
 
West Texas Independent School District, McLennan and Hill Counties, General Obligation
8/13 at 51.84
AAA
23,370
   
Refunding Bonds, Series 1998, 0.000%, 8/15/25
     
7,480
 
Total Texas
   
7,691,103
   
Virgin Islands – 0.5%
     
420
 
Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note – Diageo Project,
10/19 at 100.00
BBB
465,713
   
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–
252,735
   
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
501,570
   
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
     
   
Wisconsin – 5.0%
     
1,050
 
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian HealthCare,
7/23 at 100.00
A–
1,056,898
   
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–
283,408
   
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+
757,182
   
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
1,293,243
   
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+
1,048,409
   
Series 2011A, 5.500%, 5/01/31
     
4,480
 
Total Wisconsin
   
4,439,140
$ 94,600
 
Total Investments (cost $87,944,889) – 102.4%
   
91,391,289
   
Floating Rate Obligations – (3.7)%
   
(3,335,000)
   
Other Assets Less Liabilities – 1.3%
   
1,176,450
   
Net Assets – 100%
   
$ 89,232,739

 
 
 
 

 
 

 
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
$ —
$91,391,289
$ —
$91,391,289
 
 
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 July 31, 2013, the cost of investments was $84,407,793.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of July 31, 2013, were as follows:
 
   
Gross unrealized:
 
   Appreciation
$ 6,190,200
   Depreciation
(2,542,021)
Net unrealized appreciation (depreciation) of investments
$ 3,648,179
 
 
     
(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)
 
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.
(5)
 
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(6)
 
At or subsequent to the end of the reporting period, this security is non-income producing. Non-income
   
producing, in the case of a fixed-income security, generally denotes that the issuer has (1) defaulted on
   
the payment of principal or interest, (2) is under the protection of the Federal Bankruptcy Court or (3) the
   
Fund’s Adviser has concluded that the issue is not likely to meet its future interest payment obligations
   
and has directed the Fund’s custodian to cease accruing additional income on the Fund’s records.
WI/DD
 
Investment, or portion of investment, purchased on a when-issued or delayed delivery basis.
(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:         September 27, 2013        
 
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:         September 27, 2013        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         September 27, 2013