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.

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Nuveen California Municipal Value Fund Inc > Analysts

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Post by truthtotellon Sep 12, 2017 2:11pm

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Post# 26685932

Analysts

The analyst reports I have seen are positive but I am a cynic and assume that is their "thank you" for their commission cheque from the financing. The M and I resource increase was nice but I would have also liked a much bigger increase in the total ounces for the amount of money spent. That said, the headline does say infill drilling. On another point, why would they not include drilling beyond April 30??? The quote from the CEO is not clear to me that th see are the resource numbers that will be used in the pre FS.

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