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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 31, 2017 2:33pm
112 Views
Post# 26883418

RE:RE:Another trading day not even close to transaction price

RE:RE:Another trading day not even close to transaction priceI know i've mentioned this before but I believe at least half of NCA shareholders are underwater. I did speak with Gerald and he confirmed there is a limited number of retail holders so it is an institutionally held stock. When the time came last year it hit $.52 cents and lets face it when you're selling for tax loss you just don't care. Why buy it now???

Also, when this is all said and done with warrants and options there will be half a billion shares outstanding, good or bad that doesn't appeal to me.
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