NCA
Nuveen California Municipal Value Fund8.81
+0.10+1.15%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
291.68MP/E (TTM)
-Basic EPS (TTM)
-0.21Dividend Yield
0.04%Recent Filings
8-K
By-laws drop control share rules
Nuveen California Municipal Value Fund amended its by-laws on February 28, 2024, to eliminate suspended control share provisions. This removes outdated restrictions on shareholder voting power in potential control acquisitions. The change streamlines governance without altering other terms. Investors gain clearer paths to influence.
8-K
Fund board consolidation announced
Nuveen California Municipal Value Fund announced board consolidation across its fund complex on October 13, 2023, effective January 1, 2024, to streamline operations and cut costs for shareholders. Four new independent trustees—Joseph A. Boateng, Michael A. Forrester, Thomas J. Kenny, and Loren M. Starr—from the TC Funds boards join, bringing expertise in investments and finance. Two current members retire December 31, 2023. This unification boosts efficiencies while aligning with Nuveen's growth model.
8-K
By-laws suspend control share rule
On February 24, 2022, the Board of Trustees of Nuveen California Municipal Value Fund amended its by-laws to suspend the control share provision, following a U.S. District Court ruling on February 18 that deemed it violative of the 1940 Act. This provision, adopted in October 2020, aimed to shield the fund from opportunistic hedge fund takeovers like Saba Capital's challenge. The Board plans to appeal, preserving shareholder defenses against short-term disruptions. Suspension holds until the judgment is overturned.
8-K
Nuveen caps AMT exposure
Nuveen California Municipal Value Fund revised its investment policy effective August 5, 2016, capping exposure to AMT-subject securities at 20% of managed assets, down from no prior limit. This aligns the fund with a uniform 20% cap across Nuveen's municipal closed-end lineup, including two AMT-free funds now mandating 100% non-AMT investments. Standardization boosts consistency. Yet risks persist if tax laws shift.
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