Nuveen California Quality Municipal Income Fund T.NAC.V

Primary Symbol: NAC

Nuveen California Quality Municipal Income Fund (the Fund) is a diversified closed-end management investment company. The Fund seeks current income exempt from both regular federal income taxes and California personal income tax. The Fund's 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. The Fund's investment advisor is Nuveen Fund Advisors, LLC. The Fund's sub-advisor is Nuveen Asset Management, LLC.