Nuveen Municipal Value Fund revises proceeds use

Pending investment, proceeds are anticipated to be invested in U.S. Government and agency or instrumentality securities or high-quality, short-term money market instruments.

Rhea-AI Filing Summary

Nuveen Municipal Value Fund, Inc. (NUV) revised the use-of-proceeds language for Common Stock issuances. Net proceeds will be invested in accordance with the Fund’s investment objectives and policies, and the Fund anticipates investing substantially all of them within approximately three months after receipt. The Fund may also use proceeds to pay shareholder distributions.

Filing Explained

The October 2, 2026 supplement adds an interim placement expectation: while Common Stock proceeds await investment under the Fund’s objectives and policies, the Fund anticipates placing them in U.S. government or agency securities or high-quality, short-term money-market instruments.

Key Figures

Expected investment period: approximately three months

1 metrics

Expected investment period approximately three months After receipt of net proceeds

Key Terms

net proceeds, investment objectives and policies, money market instruments

3 terms

net proceeds financial

"The net proceeds from the issuance of Common Stock hereunder"

The amount of money a company actually keeps from a sale or fundraising after paying all direct costs and fees, similar to take-home pay after taxes and deductions. Investors care because net proceeds determine how much cash is available for things that affect value—paying debt, funding projects, buying assets, or returning money to shareholders—so it influences future growth potential and financial health.

investment objectives and policies financial

"in accordance with the Fund’s investment objectives and policies"

money market instruments financial

"high-quality, short-term money market instruments"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How will NUV use proceeds from Common Stock issuances?

NUV says net proceeds will be invested in accordance with the Fund’s investment objectives and policies, with substantially all anticipated to be invested within approximately three months after receipt. Pending investment, proceeds are anticipated to go into U.S. Government and agency or instrumentality securities or high-quality, short-term money market instruments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 10/02/2026 - 02:32 PM Accepted by SEC EDGAR 10/02/2026 - 09:34 AM Learn about SEC filing dates

Filed Pursuant to Rule 424(b)(3)
Registration No. 333-294681

Nuveen Municipal Value Fund, Inc. (NYSE: NUV)

(the “Fund”)

Supplement Dated October 2, 2026

to the Fund’s Prospectus Supplement Dated March 27, 2026 (the “Prospectus Supplement”)

The second paragraph in the section of the Prospectus Supplement titled “Use of Proceeds” is hereby deleted and replaced with the following:

The net proceeds from the issuance of Common Stock hereunder will be invested in accordance with the Fund’s investment objectives and policies as set forth in the accompanying prospectus. The Fund currently anticipates that it will be able to invest substantially all of the net proceeds in investments that meet the Fund’s investment objectives and policies within approximately three months of the receipt of such proceeds. Pending investment, it is anticipated that the proceeds will be invested in short-term or long-term securities issued by the U.S. Government and its agencies or instrumentalities or in high-quality, short-term money market instruments. In addition, the Fund may use such proceeds to pay distributions to shareholders.

PLEASE KEEP THIS WITH YOUR

FUND’S PROSPECTUS SUPPLEMENT

FOR FUTURE REFERENCE

EGN-NUVP-1026P