{"id":921293,"date":"2025-12-18T16:38:12","date_gmt":"2025-12-18T21:38:12","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-select-tax-free-income-portfolios-announce-shareholder-approval-of-reorganization\/"},"modified":"2025-12-18T16:38:12","modified_gmt":"2025-12-18T21:38:12","slug":"nuveen-select-tax-free-income-portfolios-announce-shareholder-approval-of-reorganization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nuveen-select-tax-free-income-portfolios-announce-shareholder-approval-of-reorganization\/","title":{"rendered":"Nuveen Select Tax-Free Income Portfolios Announce Shareholder Approval of Reorganization"},"content":{"rendered":"

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Nuveen Select Tax-Free Income Portfolios Announce Shareholder Approval of Reorganization<\/b><\/p>\n

CHICAGO–(BUSINESS WIRE<\/a>)–
\nShareholders of the Nuveen Select Tax-Free Income Portfolio (NYSE: NXP), Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), and Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN) have approved the funds\u2019 reorganization. The reorganization will combine NXC and NXN into NXP. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on January 12, 2026.\n<\/p>\n

\nThe monthly distributions typically declared the first business day of the month for NXP, NXC, and NXN will be replaced by pre-reorganization distributions declared December 30, 2025, with a record date of January 9, 2026. The payable date will remain February 2, 2026. Following the transactions, the surviving fund, NXP, may also declare an additional post-reorganization distribution, which, to the extent made, is expected to have a record date of January 22, 2026, and be payable February 2, 2026. The total per-common share dollar amount of the pre- and, to the extent made, post-reorganization tax-exempt distributions received by common shareholders of each fund on February 2, 2026 are expected to be equal to or greater than the per-common share dollar amount of the prior month\u2019s tax-exempt distribution of each fund prior to the reorganization.\n<\/p>\n

\nNuveen is a leading sponsor of closed-end funds (CEFs) with $53 billion in assets under management across 44 CEFs as of 30 Sep 2025. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 35 years of experience managing CEFs.\n<\/p>\n

About Nuveen<\/b><\/p>\n

\nNuveen is a global investment leader, managing $1.4T in public and private assets for clients around the world, as of 30 Sep 2025. With broad expertise across income and alternatives, we invest in the growth of businesses, real estate, infrastructure, and natural capital, providing clients with the reliability, access, and foresight unique to our 125+ year heritage. Our prevailing perspective on the future drives our ambition to innovate and adapt our business to the changing needs of investors \u2014 all to pursue lasting performance for our clients, our communities, and our global economy. For more information, please visit www.nuveen.com<\/a>. Nuveen Securities, LLC, member FINRA and SIPC.\n<\/p>\n

\nThe information contained on the Nuveen website is not a part of this press release.\n<\/p>\n

\nCertain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:\n<\/p>\n