Nuveen California Municipal Value Fund, Inc. Declares Monthly Tax-Exempt Distribution, Payable on August 1, 2019
July 01, 2019 at 04:15 pm EDT
Share
Nuveen California Municipal Value Fund, Inc. declared monthly Tax-Exempt distribution of $0.0285 per share, payable on August 1, 2019, with record date on July 15, 2019 and ex-dividend date on July 12, 2019.
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.