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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 May 04, 2016 2:14pm
96 Views
Post# 24841413

Todays volume is interesting as is all of the stock being

Todays volume is interesting as is all of the stock beingmoved around by house 76 since this merger was announced, It certainly looks like they are accumulating stock for someone. They've purchased 8,190,000 shares so far and sold/crossed out about 6,700,000 but are still net up by 1,500,000. 
This is all since the merger was announced on March 22/16.
They've also purchased 527,000 shares of CCY and sold 196,000 to net 331,000.
We know that an insider recently bought 100,000 of CCY and I suspect it could be the same person buying NCA or at least someone with very deep pockets.
I'm thinking it's Warke or possibly Sprott, if it is Warke I guess we'll find out after the merger closes as I pressume it will show up somewhere.
Bottom line is someone wants in before the merger closes and the drills start turning.
Interesting !
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