NXP
Nuveen Select Tax-Free Income Portfolio14.25
-0.02-0.14%
Dec 16, 3:59:59 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
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Last Quarter (Q3 '25)
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Key Stats
Market Cap
741.09MP/E (TTM)
95.00Basic EPS (TTM)
0.15Dividend Yield
0.04%Recent Filings
8-K
By-laws drop control provisions
Nuveen Select Tax-Free Income Portfolio's board eliminated suspended 'control share' provisions from its by-laws on February 28, 2024, effective immediately. Previously halted in 2022, these rules had restricted shareholder voting power in control acquisitions. The update simplifies governance without other changes. No impact on operations disclosed.
8-K
Board consolidation announced
Nuveen Select Tax-Free Income Portfolio announced board consolidation across its fund complex on October 13, 2023, effective January 1, 2024, appointing four independent trustees from TIAA-CREF funds—Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny, and Loren M. Starr—while Jack B. Evans and William C. Hunter retire December 31, 2023. This move targets cost efficiencies, vendor negotiation leverage, and unified marketing to boost shareholder value. Board size shrinks to twelve. Yet, integration demands careful oversight.
8-K
By-laws suspend control share rule
On February 24, 2022, Nuveen Select Tax-Free Income Portfolio's Board amended its by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that invalidated it under the 1940 Act. The amendment halts the provision's effect while the Board appeals the decision, aiming to shield shareholders from hedge fund influence like Saba Capital's challenge. This move preserves long-term income strategies. Appeal underway.
8-K
By-Laws tighten shareholder notices
On October 5, 2020, Nuveen Select Tax-Free Income Portfolio's Board adopted amended and restated By-Laws, tightening advance notice deadlines for 2021 shareholder proposals and nominations. These changes, part of a broader update across multiple Nuveen closed-end funds, aim to shield long-term shareholders from short-term opportunistic influences. A new Control Share provision requires shareholder approval for voting rights on stakes exceeding 10% of voting power. Boards now hold sway over untimely proposals.
IPO
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12.04+0.00
NUV
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NXJ
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