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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 Oyveyon Apr 03, 2017 7:19pm
138 Views
Post# 26070753

RE:RE:NEWS

RE:RE:NEWSI think it's great ! If we've got millions of tons of ore that's virtually ready to go and can be dumped on a pad and money drips out and the dilution to common shareholders is zero then what's not to like.
There could be an added bonus just from getting into the mining process as early as possible in that it might help secure tenure on the property and make it easier to get extensions beyond 2025 or whatever they are now. An of coure there may be higher grades in the old pit wall so we have to get down there anyway so why not make money on the way down.
There could be plenty of adds to this beyond just positive cash flow but if that's the only reason it should be good enough.
This is where hiring smart people like Marc Leduc who have built lots of mine before starts to pay dividends !
I suspect there will be other good news following in due course. 




BadVision wrote: I'm interested to hear people's opinion on this.  Not the news I was hoping for but positive either way.


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