Nuveen California AMT-Free Quality Municipal Income Fund has announced proposed reorganizations involving its Select Tax-Free Income Portfolios. The Boards of Trustees for Nuveen California Select Tax-Free Income Portfolio (NXC), Nuveen New York Select Tax-Free Income Portfolio (NXN), and Nuveen Select Tax-Free Income Portfolio $(NXP)$ have approved a plan to merge NXC and NXN into NXP, aiming to create a larger fund with reduced net operating expenses and increased trading volume. These proposed reorganizations are pending shareholder approval, which will be sought at the funds' 2025 Annual Meetings of Shareholders scheduled for November 14, 2025. Detailed information will be provided in forthcoming proxy materials. Nuveen, a leader in closed-end funds with $53 billion in assets under management, continues to cater to income-focused investors seeking regular distributions.
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