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Stock impact report

Nuveen Select Tax-Free Income Portfolios Announce Completion of Reorganizations

Nuveen California Select Tax-Free Income Portfolio (NXC) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--The reorganizations of Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC) and Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN) into Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) were successfully completed prior to the opening of the New York Stock Exchange on January 12, 2026.Through the reorganizations, NXP acquired substantially all of the assets and liabilities of NXC and NXN in a tax-free transaction in exchange for newly-issued common shares of NXP in an aggregate amount equal to the value of the net assets of NXC and NXN transferred. The transaction took place based upon NXP’s, NXC’s and NXN’s closing net asset values on January 9, 2026. The exchange ratios at which common shares of NXC and NXN were exchanged for common shares of NXP are listed below:TickerFund NameExchangeRatioNXCNuveen California Select Tax-Free Income Portfolio 0.94062786NXNNuveen New York Select Tax-Free Income Portfolio 0.85880728Nuveen is a leadi Show less Read more
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