Nuveen Reorganizes Tax-Free Income Funds, Effective January 12, 2026
Written by Emily J. Thompson, Senior Investment Analyst
Source: Newsfilter
- Fund Reorganization: Nuveen's NXC and NXN funds will merge into NXP, expected to take effect before market opens on January 12, 2026, aimed at optimizing asset management and enhancing investor returns.
- Distribution Adjustment: Pre-reorganization distributions will be declared on December 30, 2025, with a record date of January 9, 2026, ensuring investors continue to receive stable income streams post-reorganization.
- Asset Management Scale: As of September 30, 2025, Nuveen manages $53 billion in closed-end fund assets, demonstrating its strong position in the income-focused investment sector.
- Long-Term Strategy: With over 35 years of experience in managing closed-end funds, this reorganization not only enhances operational efficiency but also further solidifies Nuveen's leadership in the market.
Analyst Views on NXC
Wall Street analysts forecast NXC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NXC is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 13.290
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Current: 13.290
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About NXC
Nuveen California Select Tax-Free Income Portfolio (the Fund) is a diversified closed-end management investment company. The Fund's investment objectives are to provide current income exempt from regular federal and California income tax and to enhance portfolio value relative to the municipal bond market by investing in tax-exempt municipal bonds that the Fund's investment adviser believes are underrated or undervalued or that represent municipal market sectors that are undervalued. The Fund invests 80% of its assets in municipal securities and other related investments that pay interest exempt from federal and California income taxes. The Fund may invest up to 20% of its managed assets in municipal securities. The Fund's portfolio includes its investments in various industry sectors, such as health care, education and civic organizations, consumer staples, housing/multifamily, transportation, and others. The Fund's investment advisor is Nuveen Fund Advisors, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
