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:         1/31/15         
 
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
      
           
   
Nuveen Municipal Income Fund, Inc. (NMI)
      
   
January 31, 2015 (Unaudited)
      
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 100.9%
      
           
   
MUNICIPAL BONDS – 100.9%
      
           
   
Alabama – 1.6%
      
$   1,000
  
Courtland Industrial Development Board, Alabama, Solid Waste Revenue Bonds, International
6/15 at 100.00
BBB
$      1,006,830
   
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,
7/15 at 100.00
AA
502,200
   
Series 2004A, 5.250%, 1/01/23 – AGM Insured
      
1,500
  
Total Alabama
    
1,509,030
   
Arizona – 0.6%
      
500
  
Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Citigroup Energy Inc
No Opt. Call
A–
613,840
   
Prepay Contract Obligations, Series 2007, 5.250%, 12/01/28
      
   
California – 17.0%
      
5,530
  
Adelanto School District, San Bernardino County, California, General Obligation Bonds, Series
No Opt. Call
AA–
4,569,716
   
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
1,756,100
2,070
  
0.000%, 8/01/22 – FGIC Insured
No Opt. Call
AA–
1,757,389
2,120
  
0.000%, 8/01/23 – FGIC Insured
No Opt. Call
AA–
1,716,543
345
  
California County Tobacco Securitization Agency, Tobacco Settlement Asset-Backed Bonds, Los
12/18 at 100.00
B+
350,141
   
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–
253,595
   
4.800%, 8/01/37 (Alternative Minimum Tax)
      
375
  
California Statewide Communities Development Authority, Revenue Bonds, American Baptist
10/19 at 100.00
BBB+
434,194
   
Homes 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
CCC
981,970
   
Health System, Series 2005A, 5.000%, 7/01/39
      
   
Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed
      
   
Bonds, Series 2007A-1:
      
540
  
4.500%, 6/01/27
6/17 at 100.00
B
530,939
1,000
  
5.750%, 6/01/47
6/17 at 100.00
B
889,310
250
  
Madera County, California, Certificates of Participation, Children’s Hospital Central
3/20 at 100.00
A+
286,306
   
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
441,096
   
2009A, 7.000%, 11/01/34
      
250
  
Ridgecrest Redevelopment Agency, California, Ridgecrest Redevelopment Project Tax Allocation
6/20 at 100.00
A–
295,090
   
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–
473,388
   
Mission Bay North Redevelopment Project, Series 2011C, 6.000%, 8/01/24
      
500
  
San Joaquin Hills Transportation Corridor Agency, Orange County, California, Toll Road Revenue
1/25 at 100.00
BB+
556,125
   
Bonds, Refunding Junior Lien Series 2014B, 5.250%, 1/15/44
      
1,000
  
Union City Community Redevelopment Agency, California, Tax Allocation Revenue Bonds,
12/21 at 100.00
A
1,256,530
   
Redevelopment Project, Subordinate Lien Series 2011, 6.000%, 12/01/22
      
17,915
  
Total California
    
16,548,432
   
Colorado – 8.3%
      
   
Central Platte Valley Metropolitan District, Colorado, General Obligation Bonds, Refunding
      
   
Series 2013A:
      
150
  
5.125%, 12/01/29
12/23 at 100.00
BBB
173,754
250
  
5.375%, 12/01/33
12/23 at 100.00
BBB
293,445
105
  
Colorado Educational and Cultural Facilities Authority, Charter School Revenue Bonds,
6/15 at 100.00
A
105,196
   
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–
1,123,400
   
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
A3
1,033,420
   
Society, Series 2005, 5.000%, 6/01/35
      
750
  
Colorado Springs, Colorado, Utilities System Revenue Bonds, Improvement Series 2013B-1,
11/23 at 100.00
AA
886,746
   
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+
1,187,640
225
  
Fossil Ridge Metropolitan District No. 3, In the City of Lakewood, Jefferson County, Colorado,
12/20 at 100.00
BBB
234,317
   
General Obligation Limited Tax Bonds, Series 2014, 4.125%, 12/01/30
      
1,000
  
Park Creek Metropolitan District, Colorado, Senior Limited Property Tax Supported Revenue
12/20 at 100.00
AA
1,207,230
   
Refunding Bonds, Series 2011, 6.125%, 12/01/41 – AGM Insured
      
815
  
Public Authority for Colorado Energy, Natural Gas Purchase Revenue Bonds, Colorado Springs
No Opt. Call
A
1,032,923
   
Utilities, Series 2008, 6.125%, 11/15/23
      
270
  
Southlands Metropolitan District 1, Colorado, Limited Tax General Obligation Bonds, Series
12/17 at 100.00
N/R
275,689
   
2007, 5.250%, 12/01/34 – RAAI Insured
      
500
  
Tallyn’s Reach Metropolitan District 3, Aurora, Colorado, General Obligation Refunding and
12/23 at 100.00
N/R
521,495
   
Improvement Bonds, Limited Tax Convertible to Unlimited Tax, Series 2013, 5.000%, 12/01/33
      
7,065
  
Total Colorado
    
8,075,255
   
Connecticut – 0.3%
      
275
  
Capitol Region Education Council, Connecticut, Revenue Bonds, Series 1995, 6.750%, 10/15/15
4/15 at 100.00
BBB
276,348
   
Florida – 5.8%
      
750
  
Bay County, Florida, Educational Facilities Revenue Refunding Bonds, Bay Haven Charter
9/23 at 100.00
BBB–
794,513
   
Academy, Inc. Project, Series 2013A, 5.000%, 9/01/33
      
100
  
Dade County Industrial Development Authority, Florida, Revenue Bonds, Miami Cerebral Palsy
6/15 at 100.00
N/R
100,041
   
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
603,125
   
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
1,172,457
   
5.000%, 10/01/35 – AGM Insured
      
595
  
Miami-Dade County, Florida, Transit System Sales Surtax Revenue Bonds, Refunding Series 2012,
7/22 at 100.00
AA
683,851
   
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
1,146,400
   
5.000%, 10/01/42
      
515
  
North Sumter County Utility Dependent District, Florida, Utility Revenue Bonds, Series 2010,
10/20 at 100.00
AA
593,160
   
5.375%, 10/01/40
      
560
  
Tolomato Community Development District, Florida, Special Assessment Bonds, Series 2006,
5/15 at 100.00
N/R
561,630
   
5.400%, 5/01/37
      
5,045
  
Total Florida
    
5,655,177
   
Georgia – 1.8%
      
775
  
Atlanta Urban Residential Finance Authority, Georgia, Multifamily Housing Revenue Bonds,
11/23 at 100.00
BBB+
802,280
   
Trestletree 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
575,510
   
AGM Insured
      
355
  
Main Street Natural Gas Inc., Georgia, Gas Project Revenue Bonds, Series 2006B, 5.000%, 3/15/22
No Opt. Call
A
409,603
1,630
  
Total Georgia
    
1,787,393
   
Hawaii – 0.3%
      
250
  
Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaii Pacific
7/23 at 100.00
BB+
285,795
   
University, Series 2013A, 6.625%, 7/01/33
      
   
Illinois – 10.7%
      
500
  
Illinois Educational Facilities Authority, Revenue Bonds, Field Museum of Natural History,
11/24 at 100.00
A
519,180
   
Series 2002, 4.500%, 11/01/36
      
1,000
  
Illinois Finance Authority, Revenue Bonds, Children’s Memorial Hospital, Tender Option Bond
No Opt. Call
AA
1,383,400
   
Trust 1098, 18.236%, 8/15/15 – AGC Insured (IF) (4)
      
270
  
Illinois Finance Authority, Revenue Bonds, Palos Community Hospital, Series 2010C,
5/20 at 100.00
AA–
304,344
   
5.125%, 5/15/35
      
80
  
Illinois Finance Authority, Revenue Bonds, Rehabilitation Institute of Chicago, Series 2013A,
7/23 at 100.00
A–
94,945
   
5.500%, 7/01/28
      
450
  
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
5/19 at 100.00
A+ (5)
551,619
   
Series 2009C, 6.375%, 11/01/29 (Pre-refunded 5/01/19)
      
410
  
Illinois Finance Authority, Revenue Bonds, Rush University Medical Center Obligated Group,
5/25 at 100.00
A+
481,533
   
Series 2015B, 5.000%, 11/15/34 (WI/DD, Settling 2/11/15)
      
500
  
Illinois Finance Authority, Revenue Bonds, Silver Cross Hospital and Medical Centers, Series
8/19 at 100.00
BBB+
593,900
   
2009, 7.000%, 8/15/44
      
250
  
Illinois Finance Authority, Revenue Bonds, Southern Illinois Healthcare Enterprises, Inc.,
3/20 at 100.00
AA
285,978
   
Series 2005 Remarketed, 5.250%, 3/01/30 – AGM Insured
      
990
  
Illinois State, General Obligation Bonds, Series 2013, 5.250%, 7/01/31
7/23 at 100.00
A–
1,106,949
220
  
Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel
1/16 at 100.00
D
64,856
   
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
1,653,180
   
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
AA– (5)
1,352,854
   
(Pre-refunded 11/01/15) – FGIC Insured
      
450
  
Quad Cities Regional Economic Development Authority, Illinois, Revenue Bonds, Augustana
10/22 at 100.00
Baa1
502,736
   
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–
959,128
   
2010, 6.000%, 6/01/28
      
490
  
University of Illinois, Health Services Facilities System Revenue Bonds, Series 2013,
10/23 at 100.00
A
592,925
   
6.000%, 10/01/32
      
9,215
  
Total Illinois
    
10,447,527
   
Indiana – 2.0%
      
525
  
Indiana Finance Authority, Educational Facilities Revenue Bonds, Drexel Foundation For
10/19 at 100.00
BB–
539,485
   
Educational Excellence, Inc., Series 2009A, 7.000%, 10/01/39
      
655
  
Indiana Finance Authority, Private Activity Bonds, Ohio River Bridges East End Crossing
7/23 at 100.00
BBB
719,576
   
Project, Series 2013A, 5.000%, 7/01/44 (Alternative Minimum Tax)
      
100
  
Indiana Finance Authority, Tax-Exempt Private Activity Revenue Bonds, I-69 Section 5 Project,
9/24 at 100.00
BBB
113,014
   
Series 2014, 5.250%, 9/01/34 (Alternative Minimum Tax)
      
500
  
Vigo County Hospital Authority, Indiana, Hospital Revenue Bonds, Union Hospital, Inc., Series
9/21 at 100.00
N/R
615,095
   
2011, 8.000%, 9/01/41
      
1,780
  
Total Indiana
    
1,987,170
   
Iowa – 0.9%
      
835
  
Iowa Higher Education Loan Authority, Private College Facility Revenue Bonds, University of
10/21 at 100.00
BBB–
914,717
   
Dubuque Project, Refunding Series 2011, 5.625%, 10/01/26
      
   
Kansas – 0.4%
      
415
  
Overland Park Development Corporation, Kansas, Second Tier Revenue Bonds, Overland Park
1/17 at 100.00
BB+
423,068
   
Convention Center, Series 2007B, 5.125%, 1/01/22 – AMBAC Insured
      
   
Kentucky – 2.4%
      
500
  
Kentucky Economic Development Finance Authority, Hospital Facilities Revenue Bonds, Owensboro
6/20 at 100.00
BBB+
590,945
   
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
1,743,795
   
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
    
2,334,740
   
Louisiana – 0.6%
      
500
  
Louisiana Local Government Environmental Facilities and Community Development Authority,
1/19 at 100.00
AA
569,930
   
Revenue Refunding Bonds, City of Shreveport Airport System Project, Series 2008A, 5.750%,
      
   
1/01/28 – AGM Insured
      
   
Maryland – 1.4%
      
1,000
  
Maryland Economic Development Corporation, Economic Development Revenue Bonds,
6/20 at 100.00
Baa3
1,093,830
   
Transportation 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–
222,833
   
Public Charter School Issue, Series 2010, 6.000%, 7/01/40
      
1,210
  
Total Maryland
    
1,316,663
   
Michigan – 1.6%
      
355
  
Detroit Water and Sewerage Department, Michigan, Sewage Disposal System Revenue Bonds,
7/22 at 100.00
BBB+
391,373
   
Refunding Senior Lien Series 2012A, 5.250%, 7/01/39
      
1,025
  
Michigan State Building Authority, Revenue Bonds, Facilities Program, Refunding Series
10/21 at 100.00
Aa3
1,187,739
   
2011-II-A, 5.375%, 10/15/36
      
1,380
  
Total Michigan
    
1,579,112
   
Minnesota – 0.5%
      
500
  
Saint Paul Housing and Redevelopment Authority, Minnesota, Lease Revenue Bonds, Community of
12/15 at 100.00
BBB–
504,745
   
Peace Academy Project, Series 2006A, 5.000%, 12/01/36
      
   
Mississippi – 0.5%
      
500
  
Mississippi Business Finance Corporation, Pollution Control Revenue Refunding Bonds, System
4/15 at 100.00
BBB
500,595
   
Energy Resources Inc. Project, Series 1998, 5.875%, 4/01/22
      
   
Missouri – 8.9%
      
265
  
Hanley Road Corridor Transportation Development District, Brentwood and Maplewood, Missouri,
10/19 at 100.00
A–
302,731
   
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+
4,597,073
   
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+
152,730
   
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–
1,083,980
   
Southwest Baptist University Project, Series 2012, 5.000%, 10/01/33
      
200
  
Missouri Health and Educational Facilities Authority, Educational Facilities Revenue Bonds,
10/23 at 100.00
A
234,156
   
University of Central Missouri, Series 2013C2, 5.000%, 10/01/34
      
965
  
Missouri Health and Educational Facilities Authority, Revenue Bonds, Lake Regional Health
2/22 at 100.00
BBB+
1,095,613
   
System, Series 2012, Reg S, 5.000%, 2/15/26
      
500
  
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
572,370
   
Series 1999, 6.000%, 10/01/25
      
500
  
Missouri Health and Educational Facilities Authority, Revenue Bonds, Rockhurst University,
10/18 at 103.00
BBB–
571,335
   
Series 2011A, 5.250%, 10/01/20
      
8,015
  
Total Missouri
    
8,609,988
   
Nebraska – 0.5%
      
400
  
Nebraska Educational Finance Authority, Revenue Bonds, Clarkson College Project, Refunding
5/21 at 100.00
Aa3
460,356
   
Series 2011, 5.050%, 9/01/30
      
   
New Jersey – 0.7%
      
100
  
Gloucester County Pollution Control Financing Authority, New Jersey, Pollution Control Revenue
No Opt. Call
BBB–
114,891
   
Bonds, Logan Project, Refunding Series 2014A, 5.000%, 12/01/24 (Alternative Minimum Tax)
      
   
Tobacco Settlement Financing Corporation, New Jersey, Tobacco Settlement Asset-Backed Bonds,
      
   
Series 2007-1A:
      
180
  
4.625%, 6/01/26
6/17 at 100.00
B+
173,297
500
  
4.750%, 6/01/34
6/17 at 100.00
B2
396,960
780
  
Total New Jersey
    
685,148
   
New York – 3.9%
      
630
  
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
1/20 at 100.00
BBB–
761,746
   
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
470,772
   
2011A, 5.750%, 2/15/47
      
500
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
11/24 at 100.00
N/R
536,793
   
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
      
265
  
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
12/20 at 100.00
BBB
315,859
   
Terminal LLC Project, Eighth Series 2010, 6.000%, 12/01/42
      
1,700
  
Yates County Industrial Development Agency, New York, FHA-Insured Civic Facility Mortgage
2/15 at 100.00
N/R
1,747,294
   
Revenue Bonds, Soldiers and Sailors Memorial Hospital, Series 2000A, 6.000%, 2/01/41
      
3,495
  
Total New York
    
3,832,464
   
North Dakota – 0.6%
      
200
  
Burleigh County, North Dakota, Health Care Revenue Bonds, Saint Alexius Medical Center
7/21 at 100.00
BBB+
221,532
   
Project, Series 2014A, 5.000%, 7/01/35
      
300
  
Fargo, North Dakota, Health System Revenue Bonds, Sanford Health, Refunding Series 2011,
11/21 at 100.00
A+
367,296
   
6.250%, 11/01/31
      
500
  
Total North Dakota
    
588,828
   
Ohio – 4.8%
      
   
Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue
      
   
Bonds, Senior Lien, Series 2007A-2:
      
300
  
5.375%, 6/01/24
6/17 at 100.00
B–
265,644
1,020
  
5.125%, 6/01/24
6/17 at 100.00
B–
883,830
1,000
  
Erie County, Ohio, Hospital Facilities Revenue Bonds, Firelands Regional Medical Center
8/16 at 100.00
A–
1,039,730
   
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
1,943,375
   
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–
558,515
   
Refunding & improvement Series 2010, 6.375%, 4/01/30
      
4,570
  
Total Ohio
    
4,691,094
   
Oregon – 1.4%
      
300
  
Forest Grove, Oregon, Campus Improvement Revenue Bonds, Pacific University Project, Refunding
5/22 at 100.00
BBB
339,459
   
Series 2014A, 5.000%, 5/01/40
      
850
  
Portland, Oregon, River District Urban Renewal and Redevelopment Bonds, Series 2012C,
6/22 at 100.00
A1
989,179
   
5.000%, 6/15/29
      
1,150
  
Total Oregon
    
1,328,638
   
Pennsylvania – 2.8%
      
1,000
  
Berks County Municipal Authority, Pennsylvania, Revenue Bonds, Reading Hospital and Medical
5/22 at 100.00
AA–
1,132,230
   
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+
516,842
   
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+
1,095,190
   
Housing at Indiana University, Project Series 2012A, 5.000%, 7/01/41
      
2,460
  
Total Pennsylvania
    
2,744,262
   
Rhode Island – 1.0%
      
1,000
  
Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,
4/15 at 100.00
BBB– (5)
1,004,550
   
Series 2002A, 6.250%, 6/01/42 (Pre-refunded 4/20/15)
      
   
South Carolina – 0.6%
      
475
  
Piedmont Municipal Power Agency, South Carolina, Electric Revenue Bonds, Series 1991, 6.750%,
No Opt. Call
A3 (5)
581,671
   
1/01/19 – FGIC Insured (ETM)
      
   
Tennessee – 2.6%
      
1,250
  
Chattanooga Health, Educational and Housing Facility Board, Tennessee, Hospital Revenue Bonds,
1/23 at 100.00
A+
1,444,525
   
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+
1,052,730
   
Wellmont Health System, Series 2006C, 5.250%, 9/01/36
      
2,250
  
Total Tennessee
    
2,497,255
   
Texas – 8.7%
      
335
  
Grand Parkway Transportation Corporation, Texas, System Toll Revenue Bonds, First Tier Series
10/23 at 100.00
BBB+
371,686
   
2013A, 5.125%, 10/01/43
      
350
  
Houston Higher Education Finance Corporation, Texas, Education Revenue Bonds, Cosmos
5/21 at 100.00
BBB
438,225
   
Foundation, Inc., Series 2011A, 6.500%, 5/15/31
      
480
  
Houston, Texas, Hotel Occupancy Tax and Special Revenue Bonds, Convention and Entertainment
9/24 at 100.00
A2
563,381
   
Facilities Department, Refunding Series 2014, 5.000%, 9/01/32
      
200
  
North Texas Tollway Authority, Special Projects System Revenue Bonds, Series 2011A,
9/31 at 100.00
AA+
196,314
   
0.000%, 9/01/43
      
   
North Texas Tollway Authority, Second Tier System Revenue Refunding Bonds, Tendor Option Bond
      
   
Trust 1015:
      
850
  
20.792%, 1/01/38 (IF) (4)
1/18 at 100.00
A3
1,345,958
150
  
20.901%, 1/01/38 (IF) (4)
1/18 at 100.00
A3
241,575
240
  
Reagan Hospital District of Reagan County, Texas, Limited Tax Revenue Bonds, Series 2014A,
2/24 at 100.00
Baa2
262,454
   
5.000%, 2/01/34
      
270
  
SA Energy Acquisition Public Facilities Corporation, Texas, Gas Supply Revenue Bonds, Series
No Opt. Call
A
337,697
   
2007, 5.500%, 8/01/27
      
   
Texas Municipal Gas Acquisition and Supply Corporation III, Gas Supply Revenue Bonds,
      
   
Series 2012:
      
1,165
  
5.000%, 12/15/27
No Opt. Call
A3
1,325,560
505
  
5.000%, 12/15/28
No Opt. Call
A3
572,705
405
  
Texas Private Activity Bond Surface Transportation Corporation, Revenue Bonds, NTE Mobility
12/19 at 100.00
Baa2
486,903
   
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
945,368
   
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 (5)
555,515
   
School Project, Series 2007A, 5.000%, 8/15/37 (Pre-refunded 8/15/17) – ACA Insured
      
655
  
Texas Transportation Commission, Central Texas Turnpike System Revenue Bonds, Second Tier
8/24 at 100.00
BBB+
752,438
   
Refunding Series 2015C, 5.000%, 8/15/33 (WI/DD, Settling 2/04/15)
      
45
  
West Texas Independent School District, McLennan and Hill Counties, General Obligation
8/15 at 57.84
AAA
25,376
   
Refunding Bonds, Series 1998, 0.000%, 8/15/25
      
6,920
  
Total Texas
    
8,421,155
   
Virgin Islands – 0.5%
      
420
  
Virgin Islands Public Finance Authority, Matching Fund Revenue Loan Note – Diageo Project,
10/19 at 100.00
Baa3
486,142
   
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–
293,303
   
Crossing, Opco LLC Project, Series 2012, 6.000%, 1/01/37 (Alternative Minimum Tax)
      
   
Washington – 0.5%
      
500
  
Washington State Health Care Facilities Authority, Revenue Bonds, Northwest Hospital and
12/17 at 100.00
N/R
521,865
   
Medical Center of Seattle, Series 2007, 5.700%, 12/01/32
      
   
Wisconsin – 6.4%
      
1,050
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian HealthCare,
7/23 at 100.00
A–
1,187,254
   
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–
315,036
   
Inc., Series 2010B, 5.000%, 4/01/30
      
940
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Gundersen Lutheran,
10/21 at 100.00
A+
1,065,471
   
Series 2011A, 5.250%, 10/15/39
      
1,315
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marquette University,
10/22 at 100.00
A2
1,414,730
   
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
N/R (5)
1,259,110
   
Series 2011A, 5.500%, 5/01/31 (Pre-refunded 5/01/21)
      
150
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, ProHealth Care, Inc.
8/24 at 100.00
A+
175,205
   
Obligated Group, Refunding Series 2015, 5.000%, 8/15/34
      
500
  
Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Rogers Memorial
7/24 at 100.00
BBB+
565,945
   
Hospital, Inc., Series 2014B, 5.000%, 7/01/44
      
200
  
Wisconsin Health and Educational Facilities Authority, Wisconsin, Revenue Bonds, Dickson
10/22 at 102.00
N/R
207,278
   
Hollow Project. Series 2014, 5.125%, 10/01/34
      
5,445
  
Total Wisconsin
    
6,190,029
$ 91,145
  
Total Long-Term Investments (cost $85,817,188)
    
98,266,285
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
SHORT-TERM INVESTMENTS – 1.1%
      
           
   
MUNICIPAL BONDS – 1.1%
      
           
   
California – 1.1%
      
$    800
  
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
No Opt. Call
N/R
$      808,488
   
Health System, Series 2014A, 6.000%, 7/10/15 (6)
      
100
  
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
No Opt. Call
N/R
101,061
   
Health System, Series 2014B, 6.000%, 7/10/15 (6)
      
120
  
California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity
No Opt. Call
N/R
121,273
   
Health System, Series 2014C, 6.000%, 7/10/15 (6)
      
$ 1,020
  
Total Short-Term Investments (cost $1,020,000)
    
1,030,822
   
Total Investments (cost $86,837,188) – 102.0%
    
99,297,107
   
Floating Rate Obligations – (3.4)%
    
(3,335,000)
   
Other Assets Less Liabilities – 1.4%
    
1,413,429
   
Net Assets – 100%
    
$ 97,375,536
 
 
 
 
 
 
 
Fair Value Measurements
 
Fair value is defined as the price that would be received 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
$ —
$98,266,285
$           —
$98,266,285
Short-Term Investments:
        
  Municipal Bonds
—
—
1,030,822
1,030,822
Total
$ —
$98,266,285
$1,030,822
$99,297,107
 
 
The following is a reconciliation of the Fund's Level 3 investments held at the beginning and end of the measurement period:
   
Balance at the beginning of period
$1,036,932
Gain (losses):
  
Net realized gains (losses)
—
Change in net unrealized appreciation (depreciation)
(6,110)
Purchases at cost
—
Sales at proceeds
—
Net discounts (premiums)
—
Transfers in to
—
Transfers out of
—
Balance at the end of period
$1,030,822
 
 
The valuation techniques and significant unobservable inputs used in recurring Level 3 fair value measurements of assets as of January 31, 2015, were as follows:
 
         
 
Market
  
Unobservable
  
 
Value
Techniques
Inputs
Range
Short-Term Municipal Bonds
$1,030,822
Discounted Cash Flow
Municipal BBB Benchmark
1%-4%
     
B-Rated Hospital Sector
  
 
 
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, 2015, the cost of investments was $83,249,292.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of January 31, 2015, were as follows:
   
Gross unrealized:
  
  Appreciation
$12,915,467
  Depreciation
(202,378)
Net unrealized appreciation (depreciation) of investments
$12,713,089
 
(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 valued at fair value using methods determined in good faith by, or at the discretion of, the
   
Board. For fair value measurement disclosure purposes, investment classified as Level 3.
WI/DD
  
Investment, or portion of investment, purchased on a when-issued/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.
Reg S
  
Regulation S allows U.S. companies to sell securities to persons or entities located outside of the United
   
States without registering those securities with the Securities and Exchange Commission. Specifically,
   
Regulation S provides a safe harbor from the registration requirements of the Securities Act for the offers
   
and sales of securities by both foreign and domestic issuers that are made outside the United States.
 
 
 
 
 
 
 
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, 2015        
 
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, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         April 1, 2015