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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 lovinspoonfullson Oct 06, 2016 4:20pm
123 Views
Post# 25319502

RE:It's the end of the day gong show that I love the best.

RE:It's the end of the day gong show that I love the best. The entire gold space has retreated so it is not surprising that NCA has come off it's highs as well. The bottom line is that the Castle Mountain system is very large and will likely end up being 8 to 10 million ounces.  The gold price has also had a tremendous run since January and unfortunatley prices  dont go up in a straight line.  I see this as a healthy correction and expect a bounce higher in the the very near term. In addition, drill results will be ongoing and this project has Not disappointed in producing EXCELLENT results.  

GLT


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