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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 Oyveyon May 17, 2017 10:28am
176 Views
Post# 26254489

What's not to like in those reports ! Thanks Stockmaster.

What's not to like in those reports ! Thanks Stockmaster. So unless I've misunderstood it appears we have expansion room along OB2 , with some very interesting high grade material thrown in for good measure but the writers also seem intrigued by hole 180 which is way on the other side of the deposit and I presume it's because they think there is room for expansion on that side too, and the grade is pretty darn good too.
I love the line that goes something like "  management could build in it's sleep " and that's presuming the Co. isn't taken over first.
Still plenty of money to keep drilling and with luck we might be raising money @ $ 1.20 or higher and not .80 as feared. 
That's unless we are taken out at $ 5.00 first that is . Haha !!!
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