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Nuveen Floating Rate Income Fund shares rise 2.00% after-hours following Nuveen's acquisition of Brooklyn Investment Group.
ByAinvest
Tuesday, Jun 17, 2025 7:19 pm ET1min read
Nuveen Floating Rate Income Fund rose 2.00% in after-hours trading. The company announced that 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 reorganizations are intended to create a larger fund with lower net operating expenses and increased trading volume on the exchange for common shares.
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