Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 25, 2017 5:08pm
143 Views
Post# 26623469

"Fate of 6 California nat'l monuments now in Trump's hands"

"Fate of 6 California nat'l monuments now in Trump's hands"

The Desert Sun

8-24-17


A smaller monument: Castle Mountains

Castle Mountains National Monument wasn’t included on the Trump administration’s original list of monuments that fell under the review. 

At 21,000 acres, the monument is much smaller than the threshold of 100,000 acres specified by federal officials. But Trump’s executive order said exceptions could be made for cases where Zinke "determines that the designation or expansion was made without adequate public outreach."

And Rep. Cook, whose district includes the monument, had urged Trump and Zinke to reexamine it and carve out more space for a gold mine. 

The monument 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. 

In a June 8 letter, Cook told Zinke the monument was created without adequate public outreach and said Castle Mountains is “worthy of the utmost scrutiny by your department.”

It’s not clear whether the Trump administration has taken up Cook’s suggestion to include the monument in the review.  

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

NewCastle Gold has urged the Trump administration to shrink the monument by half to allow the company to develop new mining claims as well as water sources to supply the operation. 

https://www.desertsun.com/story/news/environment/2017/08/24/california-national-monuments-trump-zinke/593759001/

<< Previous
Bullboard Posts
Next >>