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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 aweighon Dec 30, 2016 12:15pm
223 Views
Post# 25653902

RE:we dodged a bullet.

RE:we dodged a bullet.Castle Mountain is a monument but our site is exempt until 2025 allowing us to start mining by then, if we don't our site beomes part of the monument. 
Whats so special about this area I don't know and can Trump reverse monument staus is something else I'd like to know, maybe we can petition the new Gov to allow us access to the monument area for further expolration. It was only designated a monument in Feb 2016.
We certainly have the time to build a mine but the faster we prove up the resourse the sooner we can go into production or at least be able to make that decision, which may be the catalyst for a takeout.
2017 will be NCA's year !






truthtotell wrote: On his way out the door, President Obama designated two new National Monuments, one each in Utah and Nevada. This was worrisome to NCA because Senator Feinstein of California has been pushing for the Castle Mountain area of California for designation. A designation would likely preclude mining.


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