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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 bargainhunter6on Oct 26, 2017 5:15pm
240 Views
Post# 26865170

Arbitrage opportunity - buy NCA

Arbitrage opportunity - buy NCAIf you guys like this deal, buy NCA. If you consider the deal values it at 0.873 of a Trek share that would give it a value of 0.87. However, it's currently 0.78 soooo....

that means you could make 10-11% easily. I sold my Trek shares today and bought a ton of NCA. It's a no-brainer since the fine print says each company would be charged 15-20million if they broke the deal. With Ross Beaty as the chair and having a ton of shares, it's going a lot higher down the road.


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