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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

Post by Oyveyon May 04, 2017 1:07pm
205 Views
Post# 26203909

Now I know what a mother elephant goes through !

Now I know what a mother elephant goes through ! This is a ridiculous business, as if living and dying by the drill isn't bad enough but to be at the mercy of a fickle gold market is almost too much, I say almost because I'm a masochist.
As in the past, the gold traders at Goldman etc. will decide that as China isn't growing as fast as predicted then how can the rest of the world continue to grow and why would we need rate hikes and Holy Shite the POG is too low and it's time to load up again !
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