NXJ NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND
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Executive Summary
The New York Stock Exchange has notified the SEC of its intention to delist the common shares of Nuveen New Jersey Quality Municipal Income Fund (NXJ) effective May 8, 2026, following its merger with Nuveen Municipal High Income Opportunity Fund. NXJ shareholders received 1.21086854 shares of the surviving entity for each share held, marking the end of NXJ as a separately listed security.
Actionable Insight
Traders holding NXJ should prepare for delisting by May 8, 2026, and recognize that positions will convert into shares of Nuveen Municipal High Income Opportunity Fund. Monitor the post-merger performance and distribution policy of the surviving fund for income and valuation implications.
Key Facts
- Nuveen New Jersey Quality Municipal Income Fund (NXJ) is being delisted from NYSE following a merger effective April 27, 2026.
- The fund merged with Nuveen Municipal High Income Opportunity Fund, with NXJ shareholders receiving 1.21086854 shares of the surviving fund per share held.
- Trading in NXJ was suspended on April 27, 2026, and delisting will be effective May 8, 2026, under NYSE Rule 12d2-2(a)(3).
- The filing was submitted by NYSE LLC, not the fund itself, as a formal notification of removal from listing.
Financial Impact
Full liquidation and exchange of shares via merger; no cash payout, but conversion into shares of the surviving fund at a fixed ratio of 1.21086854:1.
Risk Factors
- Loss of direct exposure to New Jersey-specific municipal bonds, as the surviving fund has a broader municipal focus.
- Potential tax implications from the share conversion, especially for non-qualified accounts.
Market Snapshot
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000361 |
| Document: 0000876661-26-000361-index.html | 0000876661-26-000361 |
| Document: 0000876661-26-000361.txt | 0000876661-26-000361 |
US Market Status
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