Nuveen New York Municipal Value Fund, Inc. Approves Change of Domicile Reorganization from Minnesota Corporation to Massachusetts Business Trust
March 17, 2021 at 04:15 pm EDT
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The Shareholders of the Nuveen Maryland Quality Municipal Income Fund approved the fund’s reorganization into Nuveen Quality Municipal Income Fund. Additionally, shareholders of the Nuveen New York Municipal Value Fund, Inc. have approved a change of domicile reorganization from a Minnesota corporation to a Massachusetts business trust. Upon completion of the change of domicile, NNY will become Nuveen New York Municipal Value Fund. Shareholders of the Nuveen New York Municipal Value Fund 2 also have approved the fund’s reorganization into NNY. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on April 12, 2021.
Nuveen New York Municipal Value Fund (the Fund), formerly Nuveen New York Municipal Value Fund, Inc., is a diversified closed-end management investment company. The Fundâs primary investment objective is to provide, through investment in a professionally managed portfolio of tax-exempt New York municipal obligations, current interest income exempts from both federal and New York State and New York City personal income taxes. The Fundâs secondary investment objective is to achieve enhancement of portfolio value through investments in tax-exempt New York municipal obligations. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality. It may invest approximately 20% of its managed assets in municipal securities rated below investment quality or judged to be of comparable quality. The Fund's investment adviser is Nuveen Fund Advisors, LLC.
NUVEEN NEW YORK MUNICIPAL VALUE FUND 
