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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

Comment by Micky1212on Apr 16, 2016 12:30pm
81 Views
Post# 24774914

RE:RE:RE:This is getting a bit depressing isn't it Micky.

RE:RE:RE:This is getting a bit depressing isn't it Micky. Nca was at an extremly cheap point when the deal was coming. I can tell you alot of People who were buying at 1.- or more, and this people are unhappy when they must see how somebody is stealing the value through extremly cheap pp's and a wild dilution.
Nca had a resource of 4 mio oz au and only 70 Mio shares out, soon we will have more than double of it. I don't know a reason why we older shareholders should be happy with what is going on in the moment. But be happy, if something real would happenng and the shareprice would go to real acceptable prices of > 2,- the older shareholders could also change their mind. But my feeling is that this when ever happens need more time.
Cheers
Glta
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