Shareholders of the Nuveen New Jersey Municipal Value Fund and shareholders of the Nuveen Pennsylvania Municipal Value Fund have approved the funds' reorganization into Nuveen AMT-Free Municipal Value Fund. Additionally, shareholders of the Nuveen California 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, NCA will become Nuveen California Municipal Value Fund.

Shareholders of the Nuveen California Municipal Value Fund 2 also have approved the fund's reorganization into NCA. Subject to the satisfaction of certain customary closing conditions, the transactions are expected to become effective before the market opens on March 8, 2021.