Nuveen Select Tax-Free Income Portfolio Stock News

NEW YORK--(BUSINESS WIRE)--The Boards of Trustees of Nuveen California Select Tax-Free Income Portfolio (NYSE: NXC), Nuveen New York Select Tax-Free Income Portfolio (NYSE: NXN), and Nuveen Select Tax-Free Income Portfolio (NYSE: NXP) have approved a proposal to reorganize the funds. The proposed reorganizations, if approved by shareholders, would combine NXC and NXN into NXP. The reorganizatio...

Use the right tool for your intended purpose. Munis are Federal income tax-free, so appeal to higher-rate income taxpayers. My concern is over distributions being funded by the return of capital – something not happening here.