SEC Allows Fund To File Post-Effective Amendments To Registration Statement

The SEC Division of Investment Management (the "Division") granted no-action relief to a closed-end management investment company (Nuveen California Select Tax-Free Income Portfolio) (the "Fund") that will allow it to file post-effective amendments to its registration statement (pursuant to Securities Act Rule 486(b)).

Under Rule 486(b), a post-effective amendment to a registration statement becomes effective on the date on which it is filed with the SEC, provided that certain conditions are met. The conditions of Rule 486(b) require, among other things, that the post-effective amendment be filed for the purpose of bringing financial statements up to date or making non-material changes, and that the registered closed-end management investment company filing the post-effective amendment make certain representations as to the purpose for which the amendment is filed. The Division acknowledged that closed-end management investment companies such as the Fund "may