Nuveen Closed-End Funds Declare Pre-Reorganization Distributions

NEW YORK--(BUSINESS WIRE)-- Three Nuveen Closed-End Funds announced pre-reorganization distributions. The specific distribution dates and amounts are detailed below. As previously announced, shareholders of the Nuveen Select Tax-Free Income Portfolio (NYSE: NXP), Nuveen Select Tax-Free Income Portfolio 2 (NYSE: NXQ), and Nuveen Select Tax-Free Income Portfolio 3 (NYSE: NXR) have approved the funds’ reorganization. The reorganization will combine NXQ and NXR into NXP. The pre-reorganization distribution for each fund being acquired is intended to fully distribute the acquired fund’s accumulated undistributed net investment income (UNII) prior to the closing of the reorganization.

The following dates apply to today's pre-reorganization distribution declarations:

Record Date

December 3, 2021

Ex-Dividend Date

December 2, 2021

Payable Date

December 31, 2021

Per Share Distribution

Ticker

Exchange

Fund Name

Tax- Exempt Income

Taxable Income

Short-Term Capital Gain

Long-Term Capital Gain

NXP

NYSE

Nuveen Select Tax-Free Income Portfolio

$0.0455

$0.0000

$0.0000

$0.0000

NXQ

NYSE

Nuveen Select Tax-Free Income Portfolio 2

$0.0547

$0.0000

$0.0000

$0.0000

NXR

NYSE

Nuveen Select Tax-Free Income Portfolio 3

$0.0956

$0.0000

$0.0000

$0.0000

Nuveen is a leading sponsor of closed-end funds (CEFs) with $65 billion of assets under management across 62 CEFs as of September 30, 2021. The funds offer exposure to a broad range of asset classes and are designed for income-focused investors seeking regular distributions. Nuveen has more than 30 years of experience managing CEFs.

For more information about UNII, each 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 30 September 2021 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.

EPS-1927268PR-E1121X

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800-752-8700

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800-257-8787

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Source: Nuveen