Nuveen Multi-Asset Income Fund
NYSE: NMAI · FINANCIAL SERVICES · ASSET MANAGEMENT
Updated 2026-06-04
Nuveen Multi-Asset Income Fund (NMAI) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $116.68M | $-97.10M | $11.31M | $28.23M | $8.52M |
| Capital expenditures | $0.00 | $0.00 | $0.00 | $4.00 | $4.00 |
| Depreciation | — | — | — | — | — |
| Stock-based comp | — | — | — | — | — |
| Free cash flow | $116.68M | $-97.10M | $11.31M | $28.23M | $8.52M |
| Investing cash flow | $-114.05M | $114.47M | $112.07M | $16.90M | — |
| Financing cash flow | $-11.70M | $-17.58M | $-123.38M | $-28.21M | — |
| Dividends paid | $11.70M | $74.70M | $43.45M | $55.24M | $43.10M |
| Share repurchases | — | — | — | — | — |
| Debt repayment | — | — | — | — | — |
| Net change in cash | — | — | — | — | — |
Frequently asked questions
How profitable is NMAI?
In its most recent fiscal year, NMAI ran a gross margin of 91.64%, an operating margin of 124.05%, and a net margin of 111.21%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does NMAI generate?
NMAI produced $8.52M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is NMAI's balance sheet healthy?
NMAI holds $28534.00 in cash and equivalents against — in long-term debt, on $478.48M of shareholder equity. That debt is best read against the cash flow the business throws off each year.