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.

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Nuveen California Municipal Value Fund Inc > no news because?

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Comment by Oyveyon Mar 30, 2017 10:15am

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Post# 26051495

RE:no news because?

Good find !
Maybe those buggers have been the reason we've been dogging it for such a long time. Some were exercised prior to year end but we had 2,178,630 remaining at Dec 31. Now you would think that the holders have had plenty of opportunity to work off some stock to exercise but human nature being what it is means they may have been waiting for big news just as we are.
For whatever reason the TMX don't seem to be recording data on NCA so I can't find out how many of these remain. Too bad but they expire on April 17th so they will sort themselves out by then anyway.
Good work Truthtotell