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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Comment by aweighon Nov 29, 2016 11:54am

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RE:RE:RE:RE:More news

Sitting on a drill is a term I'm using loosely. Someone has to be on the ground in Nevada on a regular basis and maybe management thinks Dunlops talents are better used elsewhere. We aren't exactly BHP, it's not like He's been shipped off to our copper project in Chile or relegated to brewing Warkes coffee and doesn't have direct input to what's going on at Castle Mountain anymore.
I just think there are bigger things to worry about than adding too much talent !

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