Welcome to our dedicated page for Nuveen Select Tax-Free Income Portfolio news (Ticker: NXP), a resource for investors and traders seeking the latest updates and insights on Nuveen Select Tax-Free Income Portfolio stock.
Nuveen Select Tax-Free Income Portfolio (NXP) reports developments as a closed-end management investment company focused on current income exempt from regular federal income tax, consistent with preservation of capital. The fund invests primarily in municipal securities and related investments whose income is generally exempt from regular federal income tax and the federal alternative minimum tax.
Company news centers on closed-end fund structure, net asset value references, common-share capital actions, shareholder voting matters and proxy-related governance. Recent durable developments include NXP's completed tax-free reorganizations with Nuveen California Select Tax-Free Income Portfolio and Nuveen New York Select Tax-Free Income Portfolio, through which NXP acquired substantially all of their assets and liabilities in exchange for newly issued NXP common shares.
Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) completed tax-free reorganizations of Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC) and Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN) prior to the NYSE open on January 12, 2026. NXP acquired substantially all assets and liabilities of NXC and NXN in exchange for newly issued NXP common shares equal in aggregate value to the net assets transferred, based on each fund's closing NAVs on January 9, 2026. The exchange ratios were 0.94062786 for NXC→NXP and 0.85880728 for NXN→NXP. Nuveen reported it sponsors closed-end funds with $53 billion AUM across 44 CEFs as of September 30, 2025.
Nuveen Closed-End Funds (NYSE:NXC) announced an approved reorganization combining Nuveen California Select Tax-Free Income Portfolio (NXC) and Nuveen New York Select Tax-Free Income Portfolio (NXN) into Nuveen Select Tax-Free Income Portfolio (NXP).
Pre-reorganization distributions were declared December 30, 2025 with a record date of January 9, 2026 and payable February 2, 2026; however, because NXC and NXN do not estimate accumulated undistributed net investment income (UNII), they will not make pre-reorganization distributions. NXP is expected to declare its regular monthly distribution on January 2, 2026 (record January 15, 2026, payable February 2, 2026) and may add a post-reorganization distribution with record date January 22, 2026 payable February 2, 2026. The total per-share tax-exempt distributions paid on February 2, 2026 will be equal to or greater than the prior month’s per-share tax-exempt distribution.
Nuveen manages $53 billion across 44 closed-end funds as of September 30, 2025.
Nuveen (NYSE: NXC) announced that shareholders approved a reorganization to combine NXC and NXN into the surviving fund NXP. The transactions are expected to become effective before market open on January 12, 2026, subject to customary closing conditions.
Monthly distributions will be replaced by a pre-reorganization distribution declared December 30, 2025 (record date January 9, 2026, payable February 2, 2026). The surviving fund may declare a post-reorganization distribution with record date January 22, 2026 and payable February 2, 2026. Total per-share pre- and, if made, post-reorganization tax-exempt distributions payable February 2, 2026 are expected to be equal to or greater than each fund’s prior month’s tax-exempt distribution.
Nuveen reported $53 billion in CEF assets under management across 44 closed-end funds as of September 30, 2025.
Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) has announced a monthly distribution of $0.0455 per share, following its reorganization with Nuveen Select Tax-Free Income Portfolio 2 (NYSE: NXQ) and 3 (NYSE: NXR). The record date for this distribution is January 18, 2022, and it will be payable on February 1, 2022. This declaration marks the first regular monthly distribution since the portfolios were successfully merged on December 6, 2021. Nuveen, managing $65 billion across 62 closed-end funds, aims to provide income-focused investment solutions.
The reorganization of Nuveen Select Tax-Free Income Portfolio 2 (NYSE: NXQ) and Nuveen Select Tax-Free Income Portfolio 3 (NYSE: NXR) into Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) was successfully completed on December 6, 2021. This tax-free transaction involved NXP acquiring the assets and liabilities of NXQ and NXR in exchange for newly issued common shares of NXP. The exchange ratios were 0.95219330 for NXQ and 1.02072336 for NXR based on the respective net assets on December 3, 2021. Nuveen manages $65 billion across 62 closed-end funds as of September 30, 2021.
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Nuveen's shareholders have approved the merger of Nuveen Select Tax-Free Income Portfolio 2 (NXQ) and Nuveen Select Tax-Free Income Portfolio 3 (NXR) into Nuveen Select Tax-Free Income Portfolio (NXP). This reorganization is set to take effect on December 6, 2021, pending standard closing conditions. The monthly distributions will transition with pre-reorganization distributions declared on November 23, 2021, and record dates established prior to the merger. Nuveen manages $65 billion across 62 closed-end funds as of September 30, 2021.
The Boards of Trustees of Nuveen Select Tax-Free Income Portfolio (NYSE: NXP), Nuveen Select Tax-Free Income Portfolio 2 (NYSE: NXQ), and Nuveen Select Tax-Free Income Portfolio 3 (NYSE: NXR) have approved a proposal to reorganize the funds. This reorganization aims to merge NXQ and NXR into NXP, creating a larger fund with lower operating expenses and increased trading volume. Approval from shareholders is required, and proxy materials with detailed information will be filed soon.