-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CryJWx/Fz/XYXKgkPL5Z1FRrocXO3wBFDAb2QUUvNIoPrL1cFOLKIqa7RG8X1hXy 5B2IPrj3e8gjdl/WFh8evg== 0000891804-09-003485.txt : 20090929 0000891804-09-003485.hdr.sgml : 20090929 20090929161832 ACCESSION NUMBER: 0000891804-09-003485 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20090731 FILED AS OF DATE: 20090929 DATE AS OF CHANGE: 20090929 EFFECTIVENESS DATE: 20090929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NUVEEN PREMIER MUNICIPAL INCOME FUND INC CENTRAL INDEX KEY: 0000880845 IRS NUMBER: 363792252 FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06456 FILM NUMBER: 091093153 BUSINESS ADDRESS: STREET 1: 333 WEST WACKER DR CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3129178200 N-Q 1 nq1.htm NPF Form N-Q

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         811-6456         

        Nuveen Premier 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:         7/31/09         

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 Premier Municipal Income Fund, Inc. (NPF)       
July 31, 2009
 
 
 
Principal    Optional Call     

Amount (000) 

Description (1)  Provisions (2)  Ratings (3)  Value 
  Alabama – 1.7% (1.0% of Total Investments)       
$            2,000  Alabama Special Care Facilities Financing Authority, Revenue Bonds, Ascension Health, Series  11/16 at 100.00  Aa1  $    1,912,760 
   2006C-2, 5.000%, 11/15/39 (UB)       
  Birmingham Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist Health       
  System Inc., Series 2005A:       
1,200   5.250%, 11/15/20  11/15 at 100.00  Baa2  1,097,364 
400   5.000%, 11/15/30  11/15 at 100.00  Baa2  309,524 
1,000  Montgomery BMC Special Care Facilities Financing Authority, Alabama, Revenue Bonds, Baptist  11/14 at 100.00  A3 (4)  1,169,700 
   Medical Center, Series 2004C, 5.250%, 11/15/29 (Pre-refunded 11/15/14)       
4,600  Total Alabama      4,489,348 
  Alaska – 0.5% (0.3% of Total Investments)       
670  Alaska Housing Finance Corporation, General Mortgage Revenue Bonds, Series 1999A, 6.000%,  12/09 at 101.00  AAA  674,080 
   6/01/49 – MBIA Insured       
1,000  Northern Tobacco Securitization Corporation, Alaska, Tobacco Settlement Asset-Backed Bonds,  6/14 at 100.00  Baa3  547,070 
   Series 2006A, 5.000%, 6/01/46       
1,670  Total Alaska      1,221,150 
  Arizona – 7.9% (4.7% of Total Investments)       
  Glendale Industrial Development Authority, Arizona, Revenue Bonds, John C. Lincoln Health       
  Network, Series 2005B:       
100   5.250%, 12/01/24  12/15 at 100.00  BBB  91,696 
135   5.250%, 12/01/25  12/15 at 100.00  BBB  123,227 
7,000  Phoenix, Arizona, Civic Improvement Revenue Bonds, Civic Plaza, Series 2005B, 0.000%,  No Opt. Call  AA  5,314,050 
   7/01/39 – FGIC Insured       
7,500  Salt River Project Agricultural Improvement and Power District, Arizona, Electric System  1/13 at 100.00  Aa1  7,725,000 
   Revenue Bonds, Series 2002B, 5.000%, 1/01/25 (UB)       
6,000  Salt River Project Agricultural Improvement and Power District, Arizona, Electric System  1/12 at 101.00  Aa1  6,571,740 
   Revenue Refunding Bonds, Series 2002A, 5.250%, 1/01/15       
1,200  Salt Verde Financial Corporation, Arizona, Senior Gas Revenue Bonds, Series 2007,  No Opt. Call  917,796 
   5.000%, 12/01/37       
21,935  Total Arizona      20,743,509 
  Arkansas – 0.9% (0.5% of Total Investments)       
2,155  Arkansas Development Finance Authority, State Facility Revenue Bonds, Department of Correction  11/15 at 100.00  AAA  2,253,828 
   Special Needs Unit Project, Series 2005B, 5.000%, 11/01/25 – FSA Insured       
Stuttgart Public Facilities Board, Arkansas, Single Family Mortgage Revenue Refunding Bonds,  10/09 at 100.00  Aaa  3,955 
   Series 1993A, 7.900%, 9/01/11       
2,159  Total Arkansas      2,257,783 
  California – 21.3% (12.6% of Total Investments)       
10,000  Anaheim Public Finance Authority, California, Public Improvement Project Lease Bonds, Series  9/17 at 100.00  7,906,100 
   2007A-1, 4.375%, 3/01/37 – FGIC Insured       
5,690  California Department of Veterans Affairs, Home Purchase Revenue Bonds, Series 2002A, 5.300%,  6/12 at 101.00  Aa2  5,843,004 
   12/01/21 – AMBAC Insured       
1,350  California Educational Facilities Authority, Revenue Bonds, University of Southern California,  10/15 at 100.00  AA+  1,341,522 
   Series 2005, 4.750%, 10/01/28 (UB)       
1,975  California Health Facilities Financing Authority, Revenue Bonds, Catholic Healthcare West,  No Opt. Call  2,024,237 
   Series 2004I, 4.950%, 7/01/26 (Mandatory put 7/01/14)       
1,700  California Health Facilities Financing Authority, Revenue Bonds, Providence Health & Services,  10/19 at 100.00  AA  1,667,955 
   Series 2009B, 5.500%, 10/01/39       
500  California Statewide Community Development Authority, Revenue Bonds, Daughters of Charity  7/15 at 100.00  BBB  353,070 
   Health System, Series 2005A, 5.000%, 7/01/39       
1,600  California Statewide Community Development Authority, Revenue Bonds, Kaiser Permanente System,  8/16 at 100.00  A+  1,506,544 
   Series 2001C, 5.250%, 8/01/31       
1,025  California Statewide Community Development Authority, Revenue Bonds, Sutter Health, Tender  5/18 at 100.00  Aa3  1,001,289 
   Option Bond Trust 3175, 11.971%, 11/15/48 (IF)       
4,900  California, General Obligation Bonds, Series 2004, 5.000%, 6/01/23 – AMBAC Insured  12/14 at 100.00  4,960,956 
1,000  Chula Vista, California, Industrial Development Revenue Bonds, San Diego Gas and Electric  6/14 at 102.00  A2  1,016,540 
   Company, Series 1996A, 5.300%, 7/01/21       
25,000  Foothill/Eastern Transportation Corridor Agency, California, Toll Road Revenue Bonds, Series  No Opt. Call  AAA  19,784,246 
   1995A, 0.000%, 1/01/17 (ETM)       
3,500  Golden State Tobacco Securitization Corporation, California, Enhanced Tobacco Settlement  6/17 at 100.00  BBB  1,892,590 
   Asset-Backed Bonds, Series 2007A-1, 5.125%, 6/01/47       
450  Golden State Tobacco Securitization Corporation, California, Tobacco Settlement Asset-Backed  6/13 at 100.00  AAA  534,564 
   Bonds, Series 2003A-1, 6.750%, 6/01/39 (Pre-refunded 6/01/13)       
6,005  Los Angeles Unified School District, California, General Obligation Bonds, Series 2005E,  7/15 at 100.00  AA–  6,101,500 
   5.000%, 7/01/22 – AMBAC Insured       
  San Diego County, California, Certificates of Participation, Burnham Institute, Series 2006:       
100   5.000%, 9/01/21  9/15 at 102.00  Baa3  87,343 
110   5.000%, 9/01/23  9/15 at 102.00  Baa3  93,205 
64,905  Total California      56,114,665 
  Colorado – 12.0% (7.0% of Total Investments)       
1,000  Colorado Health Facilities Authority, Revenue Bonds, Evangelical Lutheran Good Samaritan  6/16 at 100.00  A–  888,030 
   Society, Series 2005, 5.000%, 6/01/29       
1,150  Colorado Health Facilities Authority, Revenue Bonds, Parkview Medical Center, Series 2004,  9/14 at 100.00  A3  1,075,101 
   5.000%, 9/01/25       
400  Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Health Care, Series 2005F,  3/15 at 100.00  A–  352,820 
   5.000%, 3/01/25       
1,000  Colorado Health Facilities Authority, Revenue Bonds, Poudre Valley Healthcare Inc., Series  12/09 at 101.00  Aa3 (4)  1,027,510 
   1999A, 5.750%, 12/01/23 (Pre-refunded 12/01/09) – FSA Insured       
750  Colorado Health Facilities Authority, Revenue Bonds, Vail Valley Medical Center, Series 2004,  1/15 at 100.00  BBB+  744,000 
   5.000%, 1/15/17       
  Denver City and County, Colorado, Airport Revenue Bonds, Series 2006:       
4,170   5.000%, 11/15/23 – FGIC Insured  11/16 at 100.00  A+  4,246,144 
6,800   5.000%, 11/15/24 – FGIC Insured  11/16 at 100.00  A+  6,970,612 
  Denver, Colorado, Airport Revenue Bonds, Series 2006A:       
6,890   5.000%, 11/15/23 – FGIC Insured (UB)  11/16 at 100.00  A+  7,015,812 
8,940   5.000%, 11/15/25 – FGIC Insured (UB)  11/16 at 100.00  A+  9,108,787 
31,100  Total Colorado      31,428,816 
  Connecticut – 0.8% (0.5% of Total Investments)       
2,020  Connecticut Development Authority, Pollution Control Revenue Refunding Bonds, Connecticut  10/09 at 101.50  Baa1  2,024,767 
   Light and Power Company, Series 1993A, 5.850%, 9/01/28       
  Florida – 1.7% (1.0% of Total Investments)       
1,700  Hillsborough County Industrial Development Authority, Florida, Exempt Facilities Remarketed  4/10 at 101.00  N/R  958,630 
   Revenue Bonds, National Gypsum Company, Apollo Beach Project, Series 2000B, 7.125%, 4/01/30       
   (Alternative Minimum Tax)       
2,500  Hillsborough County Industrial Development Authority, Florida, Pollution Control Revenue  10/12 at 100.00  Baa1  2,565,925 
   Bonds, Tampa Electric Company Project, Series 2002, 5.100%, 10/01/13       
1,000  South Miami Health Facilities Authority, Florida, Hospital Revenue, Baptist Health System  8/17 at 100.00  AA–  897,710 
   Obligation Group, Series 2007, 5.000%, 8/15/42 (UB)       
5,200  Total Florida      4,422,265 
  Georgia – 4.6% (2.7% of Total Investments)       
8,050  George L. Smith II World Congress Center Authority, Atlanta, Georgia, Revenue Refunding Bonds,  7/10 at 101.00  7,761,730 
   Domed Stadium Project, Series 2000, 5.500%, 7/01/20 – MBIA Insured (Alternative Minimum Tax)       
4,105  Municipal Electric Authority of Georgia, Combustion Turbine Revenue Bonds, Series 2003A,  11/13 at 100.00  A1  4,354,420 
   5.125%, 11/01/17 – MBIA Insured       
12,155  Total Georgia      12,116,150 
  Hawaii – 0.9% (0.5% of Total Investments)       
2,250  Hawaii Department of Budget and Finance, Special Purpose Revenue Bonds, Hawaiian Electric  1/10 at 100.00  Baa1  2,254,590 
   Company Inc., Series 1999D, 6.150%, 1/01/20 – AMBAC Insured (Alternative Minimum Tax)       
  Idaho – 0.2% (0.1% of Total Investments)       
75  Idaho Housing and Finance Association, Single Family Mortgage Bonds, Series 1996E, 6.350%,  1/10 at 100.00  Aa1  75,106 
   7/01/14 (Alternative Minimum Tax)       
  Madison County, Idaho, Hospital Revenue Certificates of Participation, Madison Memorial       
  Hospital, Series 2006:       
500   5.250%, 9/01/26  9/16 at 100.00  BBB–  413,120 
200   5.250%, 9/01/37  9/16 at 100.00  BBB–  149,994 
775  Total Idaho      638,220 
  Illinois – 11.1% (6.5% of Total Investments)       
580  Chicago Public Building Commission, Illinois, General Obligation Lease Certificates, Chicago  No Opt. Call  A (4)  664,993 
   Board of Education, Series 1990B, 7.000%, 1/01/15 – MBIA Insured (ETM)       
8,670  Chicago, Illinois, General Obligation Bonds, City Colleges, Series 1999, 0.000%, 1/01/24 –  No Opt. Call  AA–  4,296,245 
   FGIC Insured       
8,500  Chicago, Illinois, Senior Lien Water Revenue Bonds, Series 2001, 5.750%, 11/01/30 –  No Opt. Call  A1  9,017,055 
   AMBAC Insured       
200  Illinois Finance Authority, Revenue Bonds, Proctor Hospital, Series 2006, 5.125%, 1/01/25  1/16 at 100.00  BBB–  158,090 
1,000  Illinois Health Facilities Authority, Revenue Bonds, Condell Medical Center, Series 2002,  5/12 at 100.00  Aaa  1,119,590 
   5.500%, 5/15/32 (Pre-refunded 5/15/12)       
1,500  Illinois, General Obligation Bonds, Illinois FIRST Program, Series 2002, 5.500%, 2/01/17 –  2/12 at 100.00  AA–  1,619,280 
   FGIC Insured       
  Lombard Public Facilities Corporation, Illinois, Second Tier Conference Center and Hotel       
  Revenue Bonds, Series 2005B:       
850   5.250%, 1/01/25  1/16 at 100.00  AA  855,942 
1,750   5.250%, 1/01/30  1/16 at 100.00  AA  1,757,490 
  Metropolitan Pier and Exposition Authority, Illinois, Revenue Refunding Bonds, McCormick Place       
  Expansion Project, Series 1996A:       
10,575   0.000%, 12/15/23 – MBIA Insured  No Opt. Call  4,959,146 
10,775   0.000%, 12/15/24 – MBIA Insured  No Opt. Call  4,721,605 
44,400  Total Illinois      29,169,436 
  Indiana – 2.9% (1.7% of Total Investments)       
2,275  Anderson School Building Corporation, Madison County, Indiana, First Mortgage Bonds, Series  1/14 at 100.00  AAA  2,638,158 
   2003, 5.500%, 7/15/23 (Pre-refunded 1/15/14) – FSA Insured       
6,180  Crown Point Multi-School Building Corporation, Indiana, First Mortgage Bonds, Crown Point  No Opt. Call  3,088,888 
   Community School Corporation, Series 2000, 0.000%, 1/15/23 – MBIA Insured       
1,250  Portage, Indiana, Revenue Bonds, Series 2006, 5.000%, 7/15/23  7/16 at 100.00  BBB+  1,136,225 
1,000  St. Joseph County Hospital Authority, Indiana, Revenue Bonds, Madison Center Inc., Series  2/15 at 100.00  BBB–  777,410 
   2005, 5.250%, 2/15/28       
10,705  Total Indiana      7,640,681 
  Iowa – 0.9% (0.5% of Total Investments)       
4,000  Iowa Tobacco Settlement Authority, Asset Backed Settlement Revenue Bonds, Series 2005C,  6/15 at 100.00  BBB  2,392,640 
   5.500%, 6/01/42       
  Kentucky – 0.2% (0.1% of Total Investments)       
510  Louisville and Jefferson County Metropolitan Government, Kentucky, Industrial Building Revenue  10/16 at 100.00  N/R  428,339 
   Bonds, Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/35       
  Louisiana – 6.4% (3.8% of Total Investments)       
1,310  Louisiana Housing Finance Agency, GNMA Collateralized Mortgage Revenue Bonds, St. Dominic  9/09 at 100.00  AAA  1,311,284 
   Assisted Care Facility, Series 1995, 6.850%, 9/01/25       
1,500  Louisiana Public Facilities Authority, Revenue Bonds, Ochsner Clinic Foundation Project,  5/17 at 100.00  A3  1,218,255 
   Series 2007A, 5.500%, 5/15/47       
  Louisiana State, Gasoline Tax Revenue Bonds, Series 2006A:       
825   4.750%, 5/01/39 – FSA Insured (UB)  5/16 at 100.00  AAA  806,933 
8,880   4.500%, 5/01/41 – FGIC Insured (UB)  5/16 at 100.00  AA  8,011,092 
Louisiana State, Gasoline Tax Revenue Bonds, Series 2006, Residuals 660-1, 15.862%, 5/01/41 –  5/16 at 100.00  AA  3,048 
   FGIC Insured (IF)       
3,950  Morehouse Parish, Louisiana, Pollution Control Revenue Bonds, International Paper Company,  No Opt. Call  BBB  3,891,145 
   Series 2002A, 5.700%, 4/01/14       
2,090  Tobacco Settlement Financing Corporation, Louisiana, Tobacco Settlement Asset-Backed Bonds,  5/11 at 101.00  BBB  1,677,246 
   Series 2001B, 5.875%, 5/15/39       
18,560  Total Louisiana      16,919,003 
  Maine – 0.9% (0.6% of Total Investments)       
2,465  Maine State Housing Authority, Single Family Mortgage Purchase Bonds, Series 2004A-2, 5.000%,  5/13 at 100.00  AA+  2,485,533 
   11/15/21 (Alternative Minimum Tax)       
  Maryland – 1.3% (0.8% of Total Investments)       
2,000  Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, MedStar Health,  8/14 at 100.00  A–  1,992,800 
   Series 2004, 5.375%, 8/15/24       
1,550  Maryland Health and Higher Educational Facilities Authority, Revenue Bonds, Western Maryland  7/16 at 100.00  1,363,954 
   Health, Series 2006A, 4.750%, 7/01/36 – MBIA Insured       
3,550  Total Maryland      3,356,754 
  Massachusetts – 1.6% (1.0% of Total Investments)       
1,000  Massachusetts Development Finance Authority, Revenue Bonds, Hampshire College, Series 2004,  10/14 at 100.00  BBB  891,510 
   5.625%, 10/01/24       
3,000  Massachusetts, Special Obligation Dedicated Tax Revenue Bonds, Series 2004, 5.250%, 1/01/24  1/14 at 100.00  A (4)  3,402,660 
   (Pre-refunded 1/01/14) – FGIC Insured       
4,000  Total Massachusetts      4,294,170 
  Michigan – 4.0% (2.4% of Total Investments)       
2,925  Detroit, Michigan, General Obligation Bonds, Series 2003A, 5.250%, 4/01/17 – SYNCORA  4/13 at 100.00  BB  2,592,311 
   GTY Insured       
4,600  Detroit, Michigan, Sewer Disposal System Revenue Bonds, Second Lien, Series 2006B, 4.625%,  7/16 at 100.00  3,718,778 
   7/01/34 – FGIC Insured       
1,000  Michigan State Hospital Finance Authority, Revenue Bonds, Trinity Health Care Group, Series  12/16 at 100.00  AA  966,000 
   2006A, 5.000%, 12/01/31 (UB)       
170  Monroe County Hospital Finance Authority, Michigan, Mercy Memorial Hospital Corporation  6/16 at 100.00  Baa3  121,373 
   Revenue Bonds, Series 2006, 5.500%, 6/01/35       
3,025  Wayne County, Michigan, Airport Revenue Refunding Bonds, Detroit Metropolitan Airport, Series  12/12 at 100.00  3,129,847 
   2002C, 5.375%, 12/01/19 – FGIC Insured       
11,720  Total Michigan      10,528,309 
  Minnesota – 4.7% (2.8% of Total Investments)       
4,350  Cohasset, Minnesota, Pollution Control Revenue Bonds, Allete Inc., Series 2004, 4.950%, 7/01/22  7/14 at 100.00  A2  4,194,531 
1,000  Duluth Economic Development Authority, Minnesota, Healthcare Facilities Revenue Bonds,  2/14 at 100.00  N/R (4)  1,147,500 
   Benedictine Health System – St. Mary’s Duluth Clinic, Series 2004, 5.250%, 2/15/21       
   (Pre-refunded 2/15/14)       
2,290  Minneapolis-St. Paul Housing and Redevelopment Authority, Minnesota, Revenue Bonds,  12/13 at 100.00  Baa1  2,303,626 
   HealthPartners Inc., Series 2003, 6.000%, 12/01/20       
530  Minnesota Higher Education Facilities Authority, Revenue Bonds, University of St. Thomas,  10/14 at 100.00  A2  561,254 
   Series 2004-5Y, 5.250%, 10/01/19       
1,000  Minnesota Municipal Power Agency, Electric Revenue Bonds, Series 2004A, 5.250%, 10/01/19  10/14 at 100.00  A3  1,051,810 
3,000  St. Paul Port Authority, Minnesota, Lease Revenue Bonds, Office Building at Cedar Street,  12/13 at 100.00  AA+  3,196,440 
   Series 2003, 5.250%, 12/01/20       
12,170  Total Minnesota      12,455,161 
  Mississippi – 0.9% (0.5% of Total Investments)       
2,325  Mississippi Hospital Equipment and Facilities Authority, Revenue Bonds, Baptist Memorial  9/14 at 100.00  AA  2,348,785 
   Healthcare, Series 2004, 5.000%, 9/01/24 (UB)       
  Missouri – 1.0% (0.6% of Total Investments)       
100  Hannibal Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Hannibal  3/16 at 100.00  BBB+  92,666 
   Regional Hospital, Series 2006, 5.000%, 3/01/22       
2,880  Joplin Industrial Development Authority, Missouri, Health Facilities Revenue Bonds, Freeman  2/15 at 102.00  BBB+  2,601,619 
   Health System, Series 2004, 5.500%, 2/15/24       
2,980  Total Missouri      2,694,285 
  Nebraska – 2.3% (1.4% of Total Investments)       
1,580  Douglas County Hospital Authority 2, Nebraska, Health Facilities Revenue Bonds, Nebraska  No Opt. Call  Aa3  1,636,975 
   Medical Center, Series 2003, 5.000%, 11/15/16       
1,105  Grand Island, Nebraska, Electric System Revenue Bonds, Series 1977, 6.100%, 9/01/12 (ETM)  9/09 at 100.00  A1 (4)  1,185,764 
2,350  NebHelp Inc., Nebraska, Senior Subordinate Bonds, Student Loan Program, Series 1993A-5B,  No Opt. Call  Aa2  2,503,267 
   6.250%, 6/01/18 – MBIA Insured (Alternative Minimum Tax)       
515  Omaha Public Power District, Nebraska, Separate Electric System Revenue Bonds, Nebraska  2/17 at 100.00  AAA  715,952 
   City 2, Series 2006A, Trust 11673, 19.151%, 2/01/49 – AMBAC Insured (IF)       
5,550  Total Nebraska      6,041,958 
  New Hampshire – 2.4% (1.4% of Total Investments)       
1,110  New Hampshire Health and Education Facilities Authority, Revenue Bonds, Dartmouth College,  6/19 at 100.00  AA+  1,258,019 
   Tender Option Bond Trust 09-7W, 13.809%, 6/01/39 (IF)       
5,000  New Hampshire Housing Finance Authority, FHLMC Multifamily Housing Remarketed Revenue Bonds,  7/10 at 101.00  Aaa  5,084,050 
   Countryside LP, Series 1994, 6.100%, 7/01/24 (Alternative Minimum Tax)       
6,110  Total New Hampshire      6,342,069 
  New Jersey – 5.6% (3.3% of Total Investments)       
1,000  New Jersey Economic Development Authority, School Facilities Construction Bonds, Series 2005P,  9/15 at 100.00  AA–  1,042,190 
   5.250%, 9/01/24       
3,000  New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2003C,  6/13 at 100.00  AAA  3,480,450 
   5.500%, 6/15/24 (Pre-refunded 6/15/13)       
  New Jersey Transportation Trust Fund Authority, Transportation System Bonds, Series 2006C:       
25,000   0.000%, 12/15/35 – AMBAC Insured  No Opt. Call  AA–  4,352,250 
10,000   0.000%, 12/15/36 – AMBAC Insured  No Opt. Call  AA–  1,633,500 
1,500  New Jersey Turnpike Authority, Revenue Bonds, Series 2003A, 5.000%, 1/01/19 – FGIC Insured  7/13 at 100.00  A+  1,606,830 
2,500  New Jersey Turnpike Authority, Revenue Bonds, Series 2005A, 5.000%, 1/01/25 – FSA Insured  1/15 at 100.00  AAA  2,616,875 
43,000  Total New Jersey      14,732,095 
  New York – 21.1% (12.4% of Total Investments)       
10,000  Dormitory Authority of the State of New York, Revenue Bonds, State University Educational  5/10 at 101.00  AAA  10,504,700 
   Facilities Revenue Bonds, 1999 Resolution, Series 2000B, 5.500%, 5/15/30 (Pre-refunded       
   5/15/10) – FSA Insured       
1,500  Dormitory Authority of the State of New York, State and Local Appropriation Lease Bonds,  7/14 at 100.00  AA–  1,576,050 
   Upstate Community Colleges, Series 2004B, 5.250%, 7/01/19       
2,200  Hudson Yards Infrastructure Corporation, New York, Revenue Bonds, Series 2006A, 4.500%,  2/17 at 100.00  1,756,392 
   2/15/47 – MBIA Insured       
7,500  Long Island Power Authority, New York, Electric System Revenue Bonds, Residual Series  6/16 at 100.00  AAA  7,958,400 
   2006A, 5.000%, 12/01/25 – FGIC Insured (UB)       
5,000  Metropolitan Transportation Authority, New York, Transportation Revenue Refunding Bonds,  11/12 at 100.00  5,078,750 
   Series 2002A, 5.125%, 11/15/21 – FGIC Insured       
2,000  New York City Municipal Water Finance Authority, New York, Water and Sewerage System Revenue  12/14 at 100.00  AAA  2,105,220 
   Bonds, Fiscal Series 2005B, 5.000%, 6/15/23 – AMBAC Insured       
4,265  New York City, New York, General Obligation Bonds, Fiscal Series 2003D, 5.250%, 10/15/22 (UB)  10/13 at 100.00  AA  4,415,768 
1,200  New York City, New York, General Obligation Bonds, Fiscal Series 2004B, 5.250%, 8/01/15  8/14 at 100.00  AA  1,329,960 
4,000  New York City, New York, General Obligation Bonds, Series 2004C-1, 5.250%, 8/15/20 (UB)  8/14 at 100.00  AA  4,213,960 
910  New York Convention Center Development Corporation, Hotel Fee Revenue Bonds, Trust 2364,  11/15 at 100.00  AAA  937,063 
   16.543%, 11/15/44 – AMBAC Insured (IF)       
3,250  New York State Municipal Bond Bank Agency, Special School Purpose Revenue Bonds, Series 2003C,  6/13 at 100.00  A+  3,355,528 
   5.250%, 6/01/22       
  New York State Thruway Authority, General Revenue Bonds, Series 2005G:       
6,460   5.000%, 1/01/25 – FSA Insured (UB)  7/15 at 100.00  AAA  6,656,384 
2,580   5.000%, 1/01/26 – FSA Insured (UB)  7/15 at 100.00  AAA  2,644,913 
1,850  New York State Urban Development Corporation, State Personal Income Tax Revenue Bonds, Series  3/15 at 100.00  AAA  1,929,550 
   2005B, 5.000%, 3/15/24 – FSA Insured (UB)       
1,000  New York State Urban Development Corporation, Subordinate Lien Corporate Purpose Bonds, Series  7/14 at 100.00  1,036,620 
   2004A, 5.125%, 1/01/22       
53,715  Total New York      55,499,258 
  North Carolina – 4.3% (2.6% of Total Investments)       
10,300  North Carolina Eastern Municipal Power Agency, Power System Revenue Refunding Bonds, Series  No Opt. Call  AA–  11,364,299 
   1993B, 6.000%, 1/01/22 – CAPMAC Insured       
  Ohio – 2.6% (1.5% of Total Investments)       
  Buckeye Tobacco Settlement Financing Authority, Ohio, Tobacco Settlement Asset-Backed Revenue       
  Bonds, Senior Lien, Series 2007A-2:       
100   5.125%, 6/01/24  6/17 at 100.00  BBB  82,375 
1,050   5.875%, 6/01/30  6/17 at 100.00  BBB  739,746 
1,055   5.750%, 6/01/34  6/17 at 100.00  BBB  682,068 
2,355   5.875%, 6/01/47  6/17 at 100.00  BBB  1,352,076 
4,000  Ohio, Solid Waste Revenue Bonds, Republic Services Inc., Series 2004, 4.250%, 4/01/33  No Opt. Call  BBB  3,811,400 
   (Mandatory put 4/01/14) (Alternative Minimum Tax)       
250  Port of Greater Cincinnati Development Authority, Ohio, Economic Development Revenue Bonds,  10/16 at 100.00  N/R  229,180 
   Sisters of Mercy of the Americas, Series 2006, 5.000%, 10/01/25       
8,810  Total Ohio      6,896,845 
  Oklahoma – 1.2% (0.7% of Total Investments)       
  Norman Regional Hospital Authority, Oklahoma, Hospital Revenue Bonds, Series 2005:       
500   5.375%, 9/01/29  9/16 at 100.00  BBB–  372,860 
450   5.375%, 9/01/36  9/16 at 100.00  BBB–  313,070 
2,725  Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health  12/16 at 100.00  AA  2,469,013 
  System, Series 2006, 5.000%, 12/15/36 (UB)       
44  Tulsa County Industrial Authority, Oklahoma, Health Care Revenue Bonds, Saint Francis Health  12/16 at 100.00  AA  36,481 
   System Series 2006, Trust 3500, 8.243%, 12/15/36 (IF)       
3,719  Total Oklahoma      3,191,424 
  Oregon – 1.2% (0.7% of Total Investments)       
  Oregon, General Obligation Bonds, State Board of Higher Education, Series 2004A:       
1,795   5.000%, 8/01/21  8/14 at 100.00  AA  1,945,959 
1,240   5.000%, 8/01/23  8/14 at 100.00  AA  1,310,829 
3,035  Total Oregon      3,256,788 
  Pennsylvania – 1.9% (1.1% of Total Investments)       
2,000  Allegheny County Sanitary Authority, Pennsylvania, Sewerage Revenue Bonds, Series 2005A,  12/15 at 100.00  2,034,600 
   5.000%, 12/01/23 – MBIA Insured       
4,500  Pennsylvania Turnpike Commission, Turnpike Subordinate Revenue Bonds, Series 2009C, 0.000%,  6/26 at 100.00  AAA  3,064,860 
   6/01/33 – FSA Insured       
6,500  Total Pennsylvania      5,099,460 
  Puerto Rico – 0.7% (0.4% of Total Investments)       
3,000  Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, First Subordinate Series  8/26 at 100.00  A+  1,917,150 
   2009A, 0.000%, 8/01/32       
  Rhode Island – 2.1% (1.2% of Total Investments)       
5,890  Rhode Island Tobacco Settlement Financing Corporation, Tobacco Settlement Asset-Backed Bonds,  6/12 at 100.00  BBB  5,491,129 
   Series 2002A, 6.000%, 6/01/23       
  South Carolina – 8.7% (5.1% of Total Investments)       
2,500  Berkeley County School District, South Carolina, Installment Purchase Revenue Bonds, Securing  12/13 at 100.00  A–  2,532,650 
   Assets for Education, Series 2003, 5.250%, 12/01/24       
4,405  Dorchester County School District 2, South Carolina, Installment Purchase Revenue Bonds,  12/14 at 100.00  AA–  4,530,366 
   GROWTH, Series 2004, 5.250%, 12/01/23       
3,340  Greenville County School District, South Carolina, Installment Purchase Revenue Bonds, Series  12/13 at 100.00  AA  3,491,970 
   2003, 5.250%, 12/01/19 (UB)       
3,620  Greenville, South Carolina, Hospital Facilities Revenue Refunding Bonds, Series 2003A, 5.250%,  5/13 at 100.00  AA–  3,675,893 
   5/01/21 – AMBAC Insured       
310  South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon  11/12 at 100.00  A3 (4)  354,640 
   Secours Health System Inc., Series 2002A, 5.625%, 11/15/30 (Pre-refunded 11/15/12)       
1,190  South Carolina JOBS Economic Development Authority, Economic Development Revenue Bonds, Bon  11/12 at 100.00  A–  1,083,459 
   Secours Health System Inc., Series 2002B, 5.625%, 11/15/30       
  South Carolina JOBS Economic Development Authority, Hospital Refunding and Improvement Revenue       
  Bonds, Palmetto Health Alliance, Series 2003C:       
4,895   6.375%, 8/01/34 (Pre-refunded 8/01/13)  8/13 at 100.00  BBB+ (4)  5,627,243 
605   6.375%, 8/01/34 (Pre-refunded 8/01/13)  8/13 at 100.00  BBB+ (4)  702,520 
750  Tobacco Settlement Revenue Management Authority, South Carolina, Tobacco Settlement  5/12 at 100.00  BBB (4)  789,135 
   Asset-Backed Bonds, Series 2001B, 6.000%, 5/15/22 (Pre-refunded 5/15/12)       
21,615  Total South Carolina      22,787,876 
  South Dakota – 0.7% (0.4% of Total Investments)       
1,750  South Dakota Health and Educational Facilities Authority, Revenue Bonds, Sioux Valley  11/14 at 100.00  AA–  1,736,525 
   Hospitals, Series 2004A, 5.500%, 11/01/31       
  Tennessee – 1.3% (0.8% of Total Investments)       
2,060  Johnson City Health and Educational Facilities Board, Tennessee, Hospital Revenue Refunding  7/23 at 100.00  A (4)  2,082,372 
   and Improvement Bonds, Johnson City Medical Center, Series 1998C, 5.125%, 7/01/25       
   (Pre-refunded 7/01/23) – MBIA Insured       
1,600  Johnson City Health and Educational Facilities Board, Tennessee, Revenue Bonds, Mountain  7/16 at 100.00  BBB+  1,268,912 
   States Health Alliance, Series 2006A, 5.500%, 7/01/36       
400  Sumner County Health, Educational, and Housing Facilities Board, Tennessee, Revenue Refunding  11/17 at 100.00  N/R  151,680 
   Bonds, Sumner Regional Health System Inc., Series 2007, 5.500%, 11/01/37       
4,060  Total Tennessee      3,502,964 
  Texas – 7.4% (4.3% of Total Investments)       
1,075  Brazos River Authority, Texas, Pollution Control Revenue Bonds, TXU Energy Company LLC  10/13 at 101.00  CCC  491,748 
   Project, Series 2003C, 6.750%, 10/01/38 (Alternative Minimum Tax)       
3,000  Houston, Texas, First Lien Combined Utility System Revenue Bonds, Series 2004A, 5.250%,  5/14 at 100.00  AA  3,094,440 
   5/15/25 – MBIA Insured       
  Kerrville Health Facilities Development Corporation, Texas, Revenue Bonds, Sid Peterson       
  Memorial Hospital Project, Series 2005:       
400   5.250%, 8/15/21  No Opt. Call  BBB–  375,508 
600   5.125%, 8/15/26  No Opt. Call  BBB–  521,874 
2,265  Lower Colorado River Authority, Texas, Contract Revenue Refunding Bonds, Transmission Services  5/13 at 100.00  2,268,669 
   Corporation, Series 2003C, 5.250%, 5/15/25 – AMBAC Insured       
290  Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series  2/11 at 100.00  AAA  295,759 
   2001, 5.375%, 2/15/26       
1,710  Mansfield Independent School District, Tarrant County, Texas, General Obligation Bonds, Series  2/11 at 100.00  AAA  1,834,334 
   2001, 5.375%, 2/15/26 (Pre-refunded 2/15/11)       
950  North Texas Thruway Authority, Second Tier System Revenue Refunding Bonds, Series 2008,  1/18 at 100.00  A3  910,252 
   5.750%, 1/01/38       
1,000  Sabine River Authority, Texas, Pollution Control Revenue Bonds, TXU Electric Company, Series  11/15 at 100.00  CCC  397,250 
   2001C, 5.200%, 5/01/28       
3,000  Tarrant County Cultural & Educational Facilities Financing Corporation, Texas, Revenue Bonds,  2/17 at 100.00  AA–  2,843,880 
  Series 2007A, 5.000%, 2/15/36 (UB)       
185  Tarrant County Cultural and Educational Facilities Finance Corporation, Texas, Revenue Bonds,  2/17 at 100.00  AA–  159,032 
   Texas Health Resources Project, Trust 1031, 11.947%, 2/15/36 (IF)       
  Texas Tech University, Financing System Revenue Bonds, 9th Series 2003:       
3,525   5.250%, 2/15/18 – AMBAC Insured  8/13 at 100.00  AA  3,781,514 
2,250   5.250%, 2/15/19 – AMBAC Insured  8/13 at 100.00  AA  2,413,733 
20,250  Total Texas      19,387,993 
  Utah – 0.2% (0.1% of Total Investments)       
325  Utah Housing Corporation, Single Family Mortgage Bonds, Series 2001D, 5.500%, 1/01/21  7/11 at 100.00  Aaa  327,213 
   (Alternative Minimum Tax)       
25  Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1996C, 6.450%, 7/01/14  1/10 at 100.00  Aaa  25,037 
   (Alternative Minimum Tax)       
30  Utah Housing Finance Agency, Single Family Mortgage Bonds, Series 1997F, 5.750%, 7/01/15  1/10 at 100.00  Aaa  31,022 
   (Alternative Minimum Tax)       
380  Total Utah      383,272 
  Washington – 7.0% (4.1% of Total Investments)       
2,000  Energy Northwest, Washington, Electric Revenue Refunding Bonds, Columbia Generating Station –  7/12 at 100.00  Aaa  2,196,200 
   Nuclear Project 2, Series 2002C, 5.750%, 7/01/17 – MBIA Insured       
7,000  Energy Northwest, Washington, Electric Revenue Refunding Bonds, Nuclear Project 1, Series  7/13 at 100.00  Aaa  7,666,330 
   2003A, 5.500%, 7/01/16 (UB)       
3,160  King County Public Hospital District 2, Washington, Limited Tax General Obligation Bonds,  6/11 at 101.00  AA–  3,210,434 
   Evergreen Hospital Medical Center, Series 2001A, 5.250%, 12/01/24 – AMBAC Insured       
1,000  Skagit County Public Hospital District 1, Washington, Revenue Bonds, Skagit Valley Hospital,  No Opt. Call  Baa2  942,180 
   Series 2003, 6.000%, 12/01/23       
4,280  Washington, General Obligation Refunding Bonds, Series 1992A and 1992AT-6, 6.250%, 2/01/11  No Opt. Call  AA+  4,458,262 
17,440  Total Washington      18,473,406 
  West Virginia – 1.7% (1.0% of Total Investments)       
2,000  West Virginia Water Development Authority, Infrastructure Revenue Bonds, Series 2003A, 5.500%,  10/13 at 101.00  AAA  2,355,400 
   10/01/23 (Pre-refunded 10/01/13) – AMBAC Insured       
2,150  West Virginia Water Development Authority, Loan Program II Revenue Bonds, Series 2003B,  11/13 at 101.00  A–  2,223,487 
   5.250%, 11/01/23 – AMBAC Insured       
4,150  Total West Virginia      4,578,887 
  Wisconsin – 6.5% (3.8% of Total Investments)       
5,670  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Agnesian Healthcare  7/11 at 100.00  A–  5,676,747 
   Inc., Series 2001, 6.000%, 7/01/30       
160  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Divine Savior  5/16 at 100.00  BBB  119,152 
   Healthcare, Series 2006, 5.000%, 5/01/32       
1,000  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Fort Healthcare Inc.,  5/14 at 100.00  BBB+  973,060 
   Series 2004, 5.375%, 5/01/18       
205  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community  10/11 at 101.00  AA–  206,316 
   Health Obligated Group, Series 2001, 5.375%, 10/01/30       
2,145  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Froedtert and Community  10/11 at 101.00  AA– (4)  2,370,289 
   Health Obligated Group, Series 2001, 5.375%, 10/01/30 (Pre-refunded 10/01/11)       
5,000  Wisconsin Health and Educational Facilities Authority, Revenue Bonds, Marshfield Clinic,  2/10 at 101.00  BBB+  5,055,950 
   Series 1999, 6.250%, 2/15/18 – RAAI Insured       
2,500  Wisconsin State, General Obligation Bonds, Series 2006A, 4.750%, 5/01/25 – FGIC Insured (UB)  5/16 at 100.00  AA  2,572,075 
16,680  Total Wisconsin      16,973,589 
  Wyoming – 0.4% (0.3% of Total Investments)       
1,350  Sweetwater County, Wyoming, Solid Waste Disposal Revenue Bonds, FMC Corporation, Series 2005,  12/15 at 100.00  BBB  1,101,168 
   5.600%, 12/01/35 (Alternative Minimum Tax)       
$        503,458  Total Long-Term Investments (cost $441,292,970) – 167.7%      441,182,514 
  Short-Term Investments – 2.0% (1.2% of Total Investments)       
  Connecticut – 1.1% (0.7% of Total Investments)       
3,000  Connecticut Health and Educational Facilities Authority, Revenue Bonds, Variable Rate Demand  No Opt. Call  A-1+  3,000,000 
   Obligations, Yale University, Trust 2862, 0.300%, 7/01/15 (5)       
  Texas – 0.5% (0.3% of Total Investments)       
1,300  Red River Authority, Texas, Pollution Control Revenue Bonds, Southwestern Public Service  11/09 at 100.00  A-1+  1,300,000 
   Company, Variable Rate Demand Obligations, Series 1996, 8.500%, 7/01/16 – AMBAC Insured (5)       
  Virginia – 0.4% (0.2% of Total Investments)       
1,000  Virginia Resources Authority, Clean Water State Revolving Fund Revenue Bonds, Variable Rate Demand  10/18 at 100.00  A-1  1,000,000 
   Obligations, Series 2008, Trust 2917, 0.380%, 10/01/28 (5)       
$            5,300  Total Short-Term Investments (cost $5,300,000)      5,300,000 
  Total Investments (cost $446,592,970) – 169.7%      446,482,514 
  Floating Rate Obligations – (22.9)%      (60,373,400)
  Other Assets Less Liabilities – 1.4%      3,856,223 
  Preferred Shares, at Liquidation Value – (48.2)% (6)      (126,850,000)
  Net Assets Applicable to Common Shares – 100%      $ 263,115,337 

Fair Value Measurements

During the current fiscal period, the Fund adopted the provisions of Statement of Financial Accounting Standards No. 157 (SFAS No. 157) “Fair Value Measurements.” SFAS No. 157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosure about fair value measurements. In determining the value of the Fund’s investments various inputs are used. These inputs are summarized in the three broad levels listed below:

Level 1 – Quoted prices in active markets for identical securities.

Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 – Significant unobservable inputs (including management’s assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of July 31, 2009:

  Level 1  Level 2  Level 3  Total 
Investments:         
 Municipal Bonds  $ —  $441,182,514  $ —  $441,182,514 
 Short-Term Investments  —  5,300,000  —  5,300,000 
Total  $ —  $446,482,514  $ —  $446,482,514 

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 transactions subject to Statement of Financial Accounting Standards No. 140 (SFAS No. 140), 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.

At July 31, 2009, the cost of investments was $386,048,053.

Gross unrealized appreciation and gross unrealized depreciation of investments at July 31, 2009, were as follows:

Gross unrealized:   
  Appreciation  $ 16,869,062 
  Depreciation  (16,805,737)
Net unrealized appreciation (depreciation) of investments  $        63,325 

(1)  All percentages shown in the Portfolio of Investments are based on net assets applicable to Common shares 
  unless otherwise noted. 
(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 higher of Standard & Poor’s Group (“Standard & Poor’s”) or Moody’s Investor Service, Inc. 
  (“Moody’s”) rating. Ratings below BBB by Standard & Poor’s or Baa by Moody’s are considered to be below 
  investment grade. 
(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. Such investments are normally considered to be 
  equivalent to AAA rated securities. 
(5)  Investment has a maturity of more than one year, but has variable rate and demand features which qualify 
  it as a short-term investment. The rate disclosed is that in effect at the end of the reporting period. This rate 
  changes periodically based on market conditions or a specified market index. 
(6)  Preferred Shares, at Liquidation Value as a percentage of Total Investments is 28.4%. 
N/R  Not rated. 
(ETM)  Escrowed to maturity. 
(IF)  Inverse floating rate investment. 
(UB)  Underlying bond of an inverse floating rate trust reflected as a financing transaction pursuant to the 
  provisions of SFAS No. 140. 


Item 2. Controls and Procedures.

  1. 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)).
  2. 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 Premier Municipal Income Fund, Inc.         

By (Signature and Title)          /s/ Kevin J. McCarthy                    
                                                  Kevin J. McCarthy
                                                  Vice President and Secretary

Date         September 29, 2009        

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 29, 2009        

By (Signature and Title)         /s/ Stephen D. Foy                              
                                                 Stephen D. Foy
                                                 Vice President and Controller (principal financial officer) 

Date        September 29, 2009        

EX-99.CERT 2 certification1.htm CERTIFICATIONS Certifications

CERTIFICATIONS

I, Gifford R. Zimmerman, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         September 29, 2009        

        /s/ Gifford R. Zimmerman        
Gifford R. Zimmerman
Chief Administrative Officer
(principal executive officer)



CERTIFICATIONS

I, Stephen D. Foy, certify that:

  1. I have reviewed this report on Form N-Q of Nuveen Premier Municipal Income Fund, Inc.;
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
  3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;
  4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
    1. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
    2. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
    3. Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and
    4. Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and
  5. The registrant's other certifying officer and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):
    1. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
    2. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:         September 29, 2009        

        /s/ Stephen D. Foy        
Stephen D. Foy 
Vice President and Controller
(principal financial officer)


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