The Boards of Trustees of Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN), and Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine NXC and NXN into NXP. The reorganizations are intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.
The proposed reorganizations for the funds are subject to certain conditions, including necessary approval by the funds’ shareholders. NXC, NXN, and NXP will each hold their respective 2025 Annual Meetings of Shareholders to consider approval of the reorganization proposal and to elect Board Members on November 14, 2025. Detailed information on the proposed reorganizations and the candidates for election to each funds’ Board will be contained in proxy materials expected to be filed in the coming weeks.