NAN Nuveen New York Quality Municipal Income Fund

Nuveen Investments, a leading global provider of investment services to institutions as well as individual investors, today announced that the reorganization of three New York municipal closed-end funds was completed prior to the open of the New York Stock Exchange on June 8, 2015. As part of the previously announced reorganization, the funds have been merged as follows:

            Acquired Fund     Symbol     Acquiring Fund     Symbol  

Nuveen New York PerformancePlus Municipal Fund, Inc.

 

NNP

 

 

 

 

 

 

 

Nuveen New York DividendAdvantage Municipal Fund

NAN

Nuveen New York DividendAdvantage Municipal Fund 2

NXK

                     

In the merger, NAN acquired substantially all of the assets and liabilities of the acquired funds NNP and NXK, as set forth above, in tax-free transactions in exchange for an equal aggregate value of newly-issued common shares. The exchanges took place based upon the funds’ closing net asset values on June 5, 2015. The exchange ratios at which common shares of each acquired fund were exchanged for common shares of the acquiring funds are listed below:

  Fund   Exchange Ratio Nuveen New York Performance Plus Municipal Fund, Inc.   1.03045469 Nuveen New York Dividend Advantage Municipal Fund 2   0.97814859  

Additionally, preferred shareholders of each acquired fund received an equivalent number of newly issued preferred shares from the acquiring fund, with substantially the same terms as their previous preferred shares.

Nuveen Investments provides high-quality investment services designed to help secure the long-term goals of institutional and individual investors as well as the consultants and financial advisors who serve them. Nuveen Investments markets a wide range of specialized investment solutions which provide investors access to capabilities of its high-quality boutique investment affiliates—Nuveen Asset Management, LLC, Symphony Asset Management LLC, NWQ Investment Management Company, LLC, Santa Barbara Asset Management, LLC, Tradewinds Global Investors, LLC, Winslow Capital Management, LLC and Gresham Investment Management LLC, all of which are registered investment advisers and independent investment subsidiaries of Nuveen Investments, Inc. Funds distributed by Nuveen Securities, LLC, a subsidiary of Nuveen Investments, Inc. Nuveen Investments operates as a separate subsidiary within TIAA-CREF, which is a leading provider of retirement and financial services in the academic, research, medical and cultural fields. In total, Nuveen Investments managed approximately $233 billion as of March 31, 2015. For more information, please visit the Nuveen Investments website at www.nuveen.com.

8393-INV-O-06/16

View source version on businesswire.com: http://www.businesswire.com/news/home/20150608005524/en/

Nuveen InvestmentsMedia Contact:Kristyna Munoz, 312-917-8343KRISTYNA.MUNOZ@NUVEEN.COM