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Nuveen California Municipal Value Fund Inc T.NCA


Primary Symbol: NCA

Nuveen California Municipal Value Fund, Inc. (the Fund) is a diversified closed-end management investment company. The Fund's investment objective is to seek current income exempt from both regular federal income taxes and California personal income tax. Its secondary investment objective is the enhancement of portfolio value. The Fund invests in municipal securities that are exempt from federal and California state income taxes. The Fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. It also invests in inverse floating rate municipal securities. Its investment adviser is Nuveen Fund Advisors, LLC.


NYSE:NCA - Post by User

Post by aweighon Aug 11, 2016 1:06pm
89 Views
Post# 25131479

Maybe I'm just imagining this but it seems to me

Maybe I'm just imagining this but it seems to methat every time a large block of stock appears on the sell side the market climbs to get it !
It's almost as if there just isn't enough stock to go around so any time a decent position of stock becomes available it gets scooped up PDQ.
This team should attract some big players and the only way to satisfy them is to either make large blocks vailable or do a financing and I'm thinking that if we really want to get this party started we will need to get those guys in the pool and a financing may be the only way to do it !



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