Nuveen NY Select Tax Free Stock Price, News & Analysis

Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN) was a closed-end fund in the financial services sector. According to regulatory filings, its securities were listed on the New York Stock Exchange under the name Nuveen New York Select Tax-Free Income Portfolio and were structured as shares of beneficial interest. The fund was associated with Nuveen, which is described in public communications as a global investment leader and a sponsor of closed-end funds.

Based on Nuveen’s public statements about its closed-end fund platform, Nuveen sponsors closed-end funds that offer exposure to asset classes designed for income-focused investors seeking regular distributions. Nuveen reports that it has more than 35 years of experience managing closed-end funds and manages a significant amount of assets across these vehicles. Nuveen also describes itself as managing public and private assets for clients around the world and investing in areas such as businesses, real estate, infrastructure, and natural capital, reflecting its broader role in asset management.

Reorganization into Nuveen Select Tax-Free Income Portfolio (NXP)

Public announcements state that shareholders of Nuveen New York Select Tax-Free Income Portfolio (NXN), Nuveen California Select Tax-Free Income Portfolio (NXC), and Nuveen Select Tax-Free Income Portfolio (NXP) approved a reorganization in which NXC and NXN would be combined into NXP. The reorganizations were described as intended to create a larger fund with lower net operating expenses and increased trading volume for the surviving fund, NXP.

Nuveen later announced that the reorganizations of NXC and NXN into NXP were successfully completed before the opening of the New York Stock Exchange on January 12, 2026. Through these reorganizations, NXP acquired substantially all of the assets and liabilities of NXC and NXN in a tax-free transaction, in exchange for newly issued common shares of NXP. The transaction was based on the closing net asset values of NXP, NXC, and NXN on January 9, 2026, and specific exchange ratios were provided for the conversion of NXC and NXN shares into NXP shares.

Delisting and Trading Status

A Form 25 filing with the U.S. Securities and Exchange Commission identifies Nuveen New York Select Tax-Free Income Portfolio as the issuer and the New York Stock Exchange LLC as the exchange. The filing is a notification of removal from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934. It states that the exchange has complied with its rules to strike the class of securities from listing and/or withdraw registration on the exchange. This indicates that the class of securities representing shares of beneficial interest of Nuveen New York Select Tax-Free Income Portfolio was removed from listing on the New York Stock Exchange.

Distribution and Reorganization-Related Communications

Nuveen issued several communications describing how distributions would be handled around the time of the reorganizations. These communications explained that monthly distributions typically declared at the start of the month for NXP, NXC, and NXN would be replaced by pre-reorganization distributions with specified record and payable dates. The communications also noted that pre-reorganization distributions for each fund being acquired were intended to fully distribute accumulated undistributed net investment income prior to the closing of the reorganizations. In later updates, Nuveen stated that NXC and NXN did not estimate an accumulated undistributed net investment income balance and therefore would not make pre-reorganization distributions, while NXP was expected to declare its regular monthly distribution.

Nuveen further indicated that NXP might make additional post-reorganization distributions with specified record and payable dates, and that for each fund, the total per-common share dollar amount of tax-exempt distributions received on the relevant payable date would be equal to or greater than the prior month’s tax-exempt distribution per share. These details were presented as part of Nuveen’s explanation of how the reorganization and related distributions would affect shareholders of the participating funds.

Risk Disclosures and Investor Considerations

Nuveen’s public communications regarding its closed-end funds include risk disclosures emphasizing that past performance is no guarantee of future results and that all investments carry a degree of risk, including possible loss of principal. The disclosures state that there is no assurance that an investment will provide positive performance over any period of time or that investment objectives will be achieved. They also note that certain products and services may not be available to all entities or persons.

The communications highlight that closed-end funds frequently trade at a discount from net asset value and that, at any point in time, including when sold, shares may be worth more or less than the purchase price or net asset value, even after reinvestment of fund distributions. Investors are encouraged in these communications to consider the objectives, risks, charges, and expenses of any fund before investing. Additional statements explain that shares of closed-end funds are subject to investment risks and are not guaranteed or endorsed by any bank or insured depository institution, nor are they federally insured by the Federal Deposit Insurance Corporation.

Relationship to Nuveen and Regulatory Filings

Nuveen’s descriptions of its business state that it manages assets for institutional and individual investors and that its investment specialists offer expertise across traditional and alternative investments through various vehicles and strategies. In the context of Nuveen closed-end funds, including Nuveen New York Select Tax-Free Income Portfolio, Nuveen notes that annual and semi-annual reports and other regulatory filings are accessible on the website of the U.S. Securities and Exchange Commission and on Nuveen’s own website. These filings may discuss factors that affect Nuveen closed-end funds and provide additional detail on fund operations, risks, and financial information.

Following the completion of the reorganizations and the removal of NXN’s shares from listing on the New York Stock Exchange as indicated in the Form 25 filing, Nuveen New York Select Tax-Free Income Portfolio functions primarily as a historical reference for investors reviewing past fund structures, reorganization terms, and regulatory filings. Investors interested in the ongoing fund that resulted from these transactions are directed, by the terms of the reorganization communications, to Nuveen Select Tax-Free Income Portfolio (NXP), which is identified as the surviving fund.