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Stock impact report

Nuveen Select Tax-Free Income Portfolios Announce Shareholder Approval of Reorganization

Nuveen Select Tax Free Income Portfolio (NXP) 
Company Research Source: Business Wire
CHICAGO--(BUSINESS WIRE)--Shareholders 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’ 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.The 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 to Show less Read more
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