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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

Comment by truthtotellon Sep 14, 2017 10:05am
106 Views
Post# 26694826

RE:RE:RE:RE:RE:Financing probably in the works

RE:RE:RE:RE:RE:Financing probably in the worksAs for your "shite" comment, here is a quote from the Dec. 2, 2015 resource release: "Measured plus Indicated Mineral Resource of 219.9 million tonnes grading 0.59 g/t gold and containing 4.19 Million gold ounces. This represents an increase in Measured and Indicated gold ounces of 33% compared to the prior mineral resource estimate, which applied a lower cut-off of 0.14 g/t gold." So, using a higher cutoff grade and a gold price of $1100, they increased the M and I resource by 33% in eight months and for a lot fewer dollars than what was spent last year.
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