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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 Terrebonneon Jun 17, 2016 7:06pm
278 Views
Post# 24976092

Into NCA

Into NCAToday, I finished my personal plan to gradually divest myself of my Osisko Mining (aka Oban) holding, and to invest the proceeds in NCA. I figure the chance of a six month double with NCA is far better with NCA than with OBM. OBM's market cap is $275 million, which I simply cannot justify. Yes, they've accumulated a pile of cash and a handful of gold properties, but their properties are really not terribly exciting. If one of their properties is a winner, that's not going to double the company's already high market cap. Last year's PEA for OBM's showcase property - the  Windfall property - was pretty ordinary, and drilling since then just confirms the nature of the property as one with scattered high grade pockets of gold a long, long way from a power source. I'm much more comfortable with NCA, and I'm happy to have all my gold holding in one stock. Go NCA!
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