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.

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Nuveen California Municipal Value Fund Inc > Ross Beaty adding another 130K TREK shares

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Comment by truthtotellon Dec 04, 2017 9:59pm

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Post# 27090038

RE:Ross Beaty adding another 130K TREK shares

Good for him. I would have thought that he could not buy right now. Anyways, my initial thought was to vote in favour but after reviewing the documents I have decided to vote NO with my 400,000 shares. My reason is simple and it is management enrichment and conflict of interest with the people voting on the deal. If I was getting over a million dollar payment (Wark) plus options in Equinox, I would vote in favour. Also, there are people with little or no NCA shares that are getting payouts plus options. I see that Panneton is getting nothing so I guess he really was fired.

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