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 > I guess we are getting caught up in the AZ mess but maybe

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Post by aweighon Dec 14, 2016 10:58am

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Post# 25598097

I guess we are getting caught up in the AZ mess but maybe

once things settle down a nice rebound is in our future. AZ's metallurgy issue is a ruse but that issue may have drawn attention to the delays in their permitting and why is it taking so long.
Warke and his team have a great track record and I suspect any issues there will be resolved over time, in the interim this Co. will forge ahead and it's possible some of that fleeing AZ money could make it's way here. It should !

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