Nuveen New Jersey Quality Municipal Income Fund

NXJ

Market cap $512M

CHICAGO--(BUSINESS WIRE)--The merger of Nuveen Missouri Quality Municipal Income Fund (NYSE:NOM), Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ) and Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) into Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) was successfully completed prior to the opening of the New York Stock Exchange on April 27, 2026. Through the merger, NMZ acquired substantially all of the assets and liabilities of NOM, NXJ and NQP in a tax-free.

CHICAGO--(BUSINESS WIRE)--Shareholders of Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM), Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ), Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) and Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) have approved a proposal to merge the funds. The mergers will combine NOM, NXJ, and NQP into NMZ. Subject to the satisfaction of certain customary closing conditions, the mergers are expected to become effective b.

Nuveen New Jersey Quality Municipal Income Fund is a closed-end fund focused on high-quality, long-maturity New Jersey municipal bonds. NXJ's distribution yield is inflated by a significant return of capital, with the real income yield at 3.57%, making it less attractive for most investors. The fund's strategy of prioritizing high credit quality and long tenor exposes investors to interest rate risk without sufficient compensation in after-tax income.

CHICAGO--(BUSINESS WIRE)--The Boards of Trustees of Nuveen Missouri Quality Municipal Income Fund (NYSE: NOM), Nuveen New Jersey Quality Municipal Income Fund (NYSE: NXJ), Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP), and Nuveen Municipal High Income Opportunity Fund (NYSE: NMZ) have approved a proposal to merge the funds. The proposed mergers, if approved by shareholders, would combine NOM, NXJ, and NQP into NMZ. The mergers are intended to create a larger fund with increased.

NXJ offers a high, tax-exempt yield (8.5%) for NJ residents, making it attractive for retirees seeking income and tax efficiency. Recent underperformance is largely due to aggressive leverage in a high interest rate environment, but this could reverse with future rate cuts. The fund trades at a modest discount to NAV, and while distribution sustainability is questionable, a dividend cut may be necessary to preserve NAV.

Nuveen New Jersey Quality Municipal Income Fund (NXJ) is rated Strong Buy for NJ residents and Buy for others due to its tax-free status and 7.6% yield. The fund's portfolio focuses on high-quality, tax-exempt municipal bonds, with 80% in investment-grade securities and minimal exposure to non-investment-grade bonds. NXJ's effective duration of 12.7 years and 40% leverage ratio provide significant investment exposure, making it attractive when interest rates fall.

NEW YORK--(BUSINESS WIRE)--Several Nuveen closed-end funds have declared distributions. These funds represent investment strategies for investors seeking diversified sources of cash flow to prepare for and sustain their retirement income needs. For further information regarding fund distributions, including earnings, undistributed net investment income, and notices, please visit www.nuveen.com/cef. Additionally, several funds have announced distribution increases of up to 71%. The distribution.

NEW YORK--(BUSINESS WIRE)--Nuveen Closed-End Funds today announced that the Board of Trustees of the Funds has approved the regular monthly and quarterly distributions. In addition, the Board of Trustees has approved updated distribution polices described below under “Monthly & Quarterly Distributions” for The Nuveen Preferred & Income Opportunities Fund (NYSE: JPC), Nuveen Preferred and Income Term Fund (NYSE: JPI), Nuveen Variable Rate Preferred & Income Fund (NYSE: NPFD), Nuveen.