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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 bodybuilderon Oct 18, 2017 5:43pm
113 Views
Post# 26828687

RE:RE:RE:has anyone called and spoken to the company?

RE:RE:RE:has anyone called and spoken to the company?
This is situation critical. Having a very large percentage of your shareholders sitting at a loss this late in the year is not to be taken lightly. It is time for the executives of this Co. to take a stand. It seems to never fail in mining, you think you have the dream team in place to move what most would consider a lay up project and you stare at a share price that makes no sense. 
 
I hate to say it but there is no reason to buy this now and sub $.60 is in the cards. They need money and the whole market knows it. 
 
Sorry for the negativity but I did develop that from being in and around the gold market for what has obviously been way to long.
 
All the best

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