Nuveen announced the successful completion of the reorganizations involving 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). The transaction was finalized before the opening of the New York Stock Exchange on January 12, 2026. As part of the tax-free reorganization, NXP acquired substantially all assets and liabilities of NXC and NXN in exchange for newly issued NXP shares, based on the net asset values as of January 9, 2026. NXC shareholders received NXP shares at an exchange ratio of 0.94062786, while NXN shareholders received NXP shares at an exchange ratio of 0.85880728.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Nuveen California Select Tax-Free Income Portfolio published the original content used to generate this news brief via Business Wire (Ref. ID: 20260112951023) on January 12, 2026, and is solely responsible for the information contained therein.
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