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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 pogohereon Aug 19, 2017 8:45pm
215 Views
Post# 26600268

Lawmaker wants to shrink Castle Mountains monument . . .

Lawmaker wants to shrink Castle Mountains monument . . .

. . .to make more room for a gold mine


8-18-17

In May, when the Trump administration announced its list of national monuments that would fall under an unprecedented nationwide review, California’s Castle Mountains National Monument wasn’t among them. 

But if Rep. Paul Cook has his way, President Donald Trump will reexamine this newly created monument in the Mojave Desert and carve out more space for a gold mine. 

Castle Mountains was the smallest of three monuments that President Barack Obama established last year across the California desert. The 21,000-acre monument includes jagged peaks, Joshua trees and grasslands in the desert between Mojave National Preserve and the Nevada state line. 

The monument also surrounds the Castle Mountain gold mine, which the Canadian company NewCastle Gold is looking to reopen more than a decade after it was shut down due to low gold prices. 
 

The company has recently urged the Trump administration to reduce the size of the monument to free up more land around the mine – and Cook seconded that request in a June 8 letter to Interior Secretary Ryan Zinke. 

“Although this is the smallest of the four monuments in my district, it is also the most problematic,” Cook said in the letter. “This monument was created without any local outreach or input. It was designated for one purpose: to prevent the reopening of the Castle Mountain Mine.”

Obama’s decision to designate new monuments using his authority under the 1906 Antiquities Act has drawn criticism from Cook and other Republicans. By the time he left office, Obama had created or expanded 34 monuments, more than any other president. 

https://www.desertsun.com/story/news/environment/2017/08/18/republican-lawmaker-shrink-castle-mountains-monument-make-room-gold-mine-urges-trump-shrink-castle-m/578752001/

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