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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 agooberon Sep 06, 2017 6:33pm
125 Views
Post# 26663782

i moved my entire portfolio into NCA today

i moved my entire portfolio into NCA todayused to hold various other juniors but today i sold every single one of my holdings and shifted my entire portfolio into NCA, and i couldn't feel any safer about it. call me an idiot, but in the words of warren buffet, "diversification is protection against ignorance". with gold prices holding steady above $1330 and a resource update expected soon, it's almost impossible to believe that this is still trading for less than $1.00. On an EV/ounce basis, Newcastle is immensely undervalued in comparison to other junior gold developers. Not only that, but the company already has a permit for the castle mountain project. The divergence between gold prices and NCA really doesn't make sense. Over the next couple of weeks there will be a correction in the form of a gap up. $1.04 is the next stop. once that level is breached we will be seeing new 52 week highs. GLTA
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