What does MVJ mean in NYSE SYMBOLS
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MVJ meaning in NYSE Symbols in Business
MVJ mostly used in an acronym NYSE Symbols in Category Business that means Munivest New Jersey Fund, Inc.
Shorthand: MVJ,
Full Form: Munivest New Jersey Fund, Inc.
For more information of "Munivest New Jersey Fund, Inc.", see the section below.
» Business » NYSE Symbols
MVJ is an acronym that stands for Munivest New Jersey Fund, Inc. This fund was founded in 2003 and is based in Princeton, NJ. The fund invests primarily in municipal bonds issued by the state of New Jersey and its local governments or agencies. The primary objective of this fund is to provide investors with income and capital appreciation while maintaining a secure portfolio. The fund seeks to achieve this goal by taking advantage of potential tax savings from investing in municipal bonds as well as actively managing the portfolio to generate additional returns.
Essential Questions and Answers on Munivest New Jersey Fund, Inc. in "BUSINESS»NYSESYMBOLS"
What is the Munivest New Jersey Fund?
The Munivest New Jersey Fund, Inc. (MVJ) is a closed-end management investment company that seeks to generate capital appreciation and dividend income by investing in municipal securities issued by New Jersey state and local governments.
Who is eligible to invest in MVJ?
Generally, MVJ shares are available for purchase by any U.S. citizen or resident alien who is at least 18 years of age, excluding entities such as corporations, partnerships, trusts or IRAs.
How much does it cost to invest in MVJ?
It depends on whether you are purchasing through a broker/dealer or directly from the fund. If you’re purchasing directly from the fund through its Distribution Reinvestment Plan (DRIP), there is no fee assessed for the purchase of shares when properly completed forms are submitted along with your initial minimum subscription of $500 per transaction ($50 minimum for subsequent transactions). Broker/dealer purchases may be subject to fees paid by investors directly to their brokers/dealers.
What types of securities does MVJ invest in?
The Fund invests primarily in municipal bonds and other municipal obligations issued by states, cities, counties and other governmental entities within the State of New Jersey and the Commonwealth of Puerto Rico backed by taxes and other potential revenue sources.
Does MVJ provide regular dividends?
Yes. MVJ declares an annual dividend on its common stock determined at amounts approved by its Board of Directors based on recent distributions received from its investments held in the portfolio, together with an assessment of current market conditions and availability of funds for distribution purposes.
How often can I buy or sell MVJ stock?
You may buy or sell your shares through your broker/dealer at their discretion; however, most brokers offer daily trading for securities like MVJ that trade on national exchanges such as Nasdaq Global Market or NYSE American Stock Exchange (OTCBB).
What is non-cash dividends reinvestment program for MVJ?
The Non-Cash Dividends Reinvestment Program allows you to automatically reinvest all qualified cash dividends declared from time-to-time into additional Common Shares without paying any commissions or service charges each time a dividend payment is reinvested into additional Common Shares at net asset value plus applicable share premiums or discounts relative to NAV.
Final Words:
##In conclusion, MVJ stands for Munivest New Jersey Fund, Inc., a company focused on providing investors access to a variety of different fixed income securities. Through active portfolio management strategies and taking advantage of potential tax savings associated with investing in municipal bonds, Munivest has been able to grow its asset base consistently over time while still offering secure investments that keep pace with economic conditions both locally in New Jersey as well as throughout US markets.