Nuveen Closed-End Fund Reorganization Complete

NEW YORK--(BUSINESS WIRE)--The reorganization of Nuveen Texas Quality Municipal Income Fund (NYSE: NTX) into Nuveen Quality Municipal Income Fund (NYSE: NAD) was completed prior to the open of the New York Stock Exchange on February 18, 2020.

In the reorganization, NAD acquired substantially all of the assets and liabilities of NTX in a tax-free transaction in exchange for an equal aggregate value of newly-issued common shares. The transaction was based upon the values of the funds’ net assets as of the close of trading on February 14, 2020. The exchange ratio at which common shares of the acquired fund were exchanged for common shares of the acquiring fund is listed below:

Fund	Exchange Ratio
Nuveen Texas Quality Municipal Income Fund (NTX)	0.98253425

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

For more information about the transactions, please visit www.nuveen.com/CEF.

About Nuveen

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions designed to secure the long-term financial goals of institutional and individual investors. Nuveen has $1.1 trillion in assets under management as of 31 December 2019 and operations in 24 countries. Its investment specialists offer deep expertise across a comprehensive range of traditional and alternative investments through a wide array of vehicles and customized strategies. For more information, please visit www.nuveen.com. Nuveen Securities, LLC, member FINRA and SIPC.

The information contained on the Nuveen website is not a part of this press release.

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