Nuveen California Municipal Value Fund, Inc. Reports Earnings Results for the Half Year Ended August 31, 2020
November 06, 2020 at 08:29 pm IST
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Nuveen California Municipal Value Fund, Inc. announced earnings results for the half year ended August 31, 2020. For the half year, the company announced net loss was USD 3.317 million.
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.
NUVEEN CALIFORNIA MUNICIPAL VALUE FUND 