Nuveen New York Municipal Value Fund Declares Post-Reorganization Distribution

Rhea-AI Summary

Nuveen announced the Nuveen New York Municipal Value Fund (NYSE: NNY) has declared a post-reorganization distribution of $0.0048 per share, payable on May 3, 2021. This follows a pre-reorganization distribution declared on March 30, 2021. Record date is April 22, 2021, and ex-dividend date is April 21, 2021. These distributions ensure the total amount received equals or exceeds prior monthly distributions of NYV and NNY.

Positive

• Declaration of a distribution of $0.0048 per share.
• Distributions ensure total payments will meet or exceed prior monthly distributions.

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• None.

Nuveen today announced that the Nuveen New York Municipal Value Fund (NYSE: NNY) has declared a post-reorganization distribution. The distributions follow the pre-reorganization distribution, announced on March 30, 2021.

The following dates apply to today's post-reorganization distribution declaration:

Record Date		April 22, 2021
Ex-Dividend Date		April 21, 2021
Payable Date		May 3, 2021

						Per Share Distribution
Ticker		Exchange		Fund Name		Tax-Exempt Income
NNY		NYSE		Nuveen New York Municipal Value Fund		$0.0048

As previously indicated in the announcement of the pre-reorganization distribution declared March 30, 2021, payable May 3, 2021, NNY is declaring an additional distribution, payable May 3, 2021, to ensure that the total dollar amount of the pre- and post-reorganization distributions received on May 3, 2021 will be equal to or greater than the prior monthly distributions of each of NYV and NNY.

For more information about UNII, the fund, and the shareholder-approved reorganization, please visit www.nuveen.com/CEF.

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.2 trillion in assets under management as of 31 Dec 2020 and operations in 27 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com.

Nuveen Securities, LLC, member FINRA and SIPC.

The information contained on the Nuveen website is not a part of this press release.

FORWARD LOOKING STATEMENTS

Certain statements made in this release are forward-looking statements. Actual future results or occurrences may differ significantly from those anticipated in any forward-looking statements due to numerous factors. These include, but are not limited to:

• market developments;
• legal and regulatory developments; and
• other additional risks and uncertainties.

Nuveen and the closed-end funds managed by Nuveen and its affiliates undertake no responsibility to update publicly or revise any forward-looking statement.

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FAQ

What is the distribution amount declared by Nuveen for NNY?

Nuveen declared a distribution of $0.0048 per share for the Nuveen New York Municipal Value Fund (NNY).

When is the payable date for the NNY distribution?

The payable date for the NNY distribution is May 3, 2021.

What are the record and ex-dividend dates for NNY's distribution?

The record date is April 22, 2021, and the ex-dividend date is April 21, 2021.

Why is Nuveen declaring an additional distribution for NNY?

Nuveen is declaring an additional distribution to ensure total distributions meet or exceed prior amounts.