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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 19, 2017 7:24pm
117 Views
Post# 26834310

RE:Patience is the key

RE:Patience is the key
Ok, this will be sold and everyone will probably make some money sooner our later. Understood!!!

Unfortunately after 18 mths and millions of dollars raised and spend we have nothing (financially) to show for it as shareholders. We are involved in a risky investment by most peoples standards and have next to zero return and if you run the numbers almost everyone is underwater!!

This is an institutional stock with very little retail involvement so hold your breath (mr patience with a big bank account) as the non emotional institutional funds sell their shares for a juicy tax loss. Just the funds have 36 million shares underwater based on this years placements, not to mention the 68 million traded over the last 6 mths at $.90

We hit $.52 last year. Anyone care to guess for this year?
 
Not increasing the ounces in this last report was a huge mistake. Zero sizzle and we are left with a whole in the ground that will require lots of money.
 




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