SCHEDULE 13G/A: 1607 Capital Partners Discloses 6.96% Stake in Nuveen New York Select Tax-Free Income Portfolio

1607 Capital Partners, LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 6.96% in Nuveen New York Select Tax-Free Income Portfolio as of December 31, 2024.

Summary

• 1607 Capital Partners, LLC, a Delaware-based investment adviser, reported beneficial ownership of 273,085 shares of Common stock in Nuveen New York Select Tax-Free Income Portfolio.
• This ownership represents 6.96% of the class of securities.
• The filing is an Amendment No. 3 to Schedule 13G, indicating a previous filing for this stake.
• 1607 Capital Partners, LLC holds sole voting power and sole dispositive power over all 273,085 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: Neutral, as this is a factual disclosure of beneficial ownership and does not contain performance or forward-looking statements.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of beneficial ownership by an investment adviser in a closed-end fund specializing in tax-free income, common for institutional investors managing portfolios.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership in the company.

Key Dates

Keywords

Nuveen New York Select Tax-Free Income Portfolio, 1607 Capital Partners, Schedule 13G, Beneficial Ownership, Investment Adviser, Common Stock, Tax-Free Income, SEC Filing