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 > shorting going on?

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Comment by SOSpatrolleron Jun 29, 2016 11:29pm

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Post# 25011070

RE:RE:shorting going on?

Thirdly: Eventually they will have to cover ! How does that old saying go.......short money is smart money. Eventually they will have to cover but usually at a lot lower price. I wouldn't care if its being shorted for financing but I start to wonder and worry if its not for that. One good thing is Canaccord has been a large buyer, at least that's positive. And we closed above .75 today.

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