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.
The funds previously announced that the monthly distributions typically declared the first business day of the month for NXP, NXC, and NXN would be replaced by pre-reorganization distributions declared December 30, 2025, with a record date of January 9, 2026, payable February 2, 2026. Pre-reorganization distributions for each fund being acquired are intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the closing of the reorganization. Since NXC and NXN do not currently estimate an accumulated undistributed net investment income (UNII) balance, no funds will make a pre-reorganization distribution. Instead, NXP is expected to declare its regular monthly distribution on January 2, 2026 with a record date of January 15, 2026 and payable date of February 2, 2026.
NXP may make additional post-reorganization distributions, with a record date of January 22, 2026, payable February 2, 2026. For each fund, the total per-common share dollar amount of the post-closing tax-exempt distributions received on February 2, 2026 will be equal to or greater than the per-common share dollar amount of the prior month’s tax-exempt distribution.