Here are the 424B prospectus supplements from Nuveen California AMT-Free Quality Municipal Income Fund (NKX) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow NKX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NKX filings page.
Nuveen California AMT-Free Quality Municipal Income Fund (NKX) states that net proceeds from issuing Common Shares will be invested in accordance with its investment objective and policies. The Fund currently anticipates being able to invest substantially all net proceeds within approximately three months after receipt. Pending investment, proceeds are anticipated to be invested in securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality, short-term money market instruments. The Fund may also use proceeds to pay distributions to shareholders.
Nuveen California AMT-Free Quality Municipal Income Fund (NKX) is launching an "at the market" offering of up to 12,400,000 new common shares, $0.01 par value, under a shelf registration. Shares will generally be sold on the NYSE or through market makers, with a minimum sale price each day set at no less than net asset value (NAV) plus the selling commission; sales are suspended if the market price dips below this threshold.
On September 9, 2026, the common share market price was $11.70 versus NAV of $11.42, a 2.45% premium56,332,342 shares outstanding and $643.5 million in net assets. If all 12.4 million shares are sold at $11.70, the fund estimates net proceeds of about $143.6 million after a roughly 1.00% sales commission and offering costs, modestly increasing pro forma NAV to $11.45. The proceeds will be invested in line with the fund’s existing strategy of California tax-exempt municipal securities, typically within about three months, with interim investment in U.S. government or high‑quality money market instruments.
Distribution is handled through Nuveen Securities, which receives a variable commission based on the premium to NAV, and may be deemed an underwriter, with Stifel Nicolaus acting as exclusive sub‑placement agent. Ongoing fund expenses borne by common shareholders total 3.31% of net assets, including 0.97% management fees and 2.25% interest and related leverage expenses, reflecting the fund’s use of preferred shares and other leverage structures.
Nuveen California AMT-Free Quality Municipal Income Fund is offering up to 7,148,000 new common shares through an at-the-market program on the NYSE. Shares will only be sold at prices at or above the current net asset value (NAV) plus selling commissions, helping protect existing holders from issuance below NAV.
On January 12, 2026, the common share price was $12.98 versus a NAV of $12.21, a 6.31% premium, with 52,507,894 common shares outstanding and net assets of $641.2 million. If all new shares are sold at $12.98, the Fund estimates net proceeds of about $91.8 million, lifting pro forma net assets to approximately $733.0 million, shares outstanding to 59,655,894, and NAV modestly to $12.29.
The Fund plans to invest the proceeds in line with its objective of tax-exempt California municipal income, generally within about three months, using short-term government or money market instruments until suitable municipal bonds are purchased.