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NAC - Nuveen California Qu...

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Nuveen California Quality Municipal Income Fund

NAC

NYSE

Nuveen California Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc. The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of California, United States. The fund invests in undervalued municipal securities and other related investments that are exempt from regular federal and California income taxes. It primarily invests in securities that are rated Baa or BBB or better by Moody's Investors Service, Inc. or Standard & Poor's, and have an average maturity of 20.96 years. The fund employs fundamental analysis with a bottom-up approach to create its portfolio. It benchmarks the performance of its portfolio against the Standard & Poor's (S&P) California Municipal Bond Index and Standard & Poor's (S&P) National Municipal Bond Index. The fund was formerly known as Nuveen California Dividend Advantage Municipal Fund. Nuveen California Quality Municipal Income Fund was formed on December 1, 1998 and is domiciled in the United States.

11.17 USD

-0.01 (-0.08953%)

Latest NAC News

Seeking Alpha

Jun 9, 2024

NAC: Income Boost A Nice Tailwind For This California Muni CEF

I continue to view munis as a reasonable equity hedge and see an opportunity in California munis in particular. NAC has recently seen a sharp income boost and is managed by Nuveen, a popular player in the muni market. The fund's discount and underlying holdings also make for supporting buy factors at this moment.

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Seeking Alpha

Mar 8, 2024

Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change

Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important.

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Seeking Alpha

Nov 20, 2023

NAC: Betting On A Fed Pivot

The Nuveen California Quality Municipal Income Fund is a closed-end fund trading at a discount to net asset values of around 13.88%. The NAC fund focuses on municipal securities in California, which are typically not taxed like regular income in California or by the federal government. The fund has a high leverage ratio and interest rate risk, but activist funds on the shareholder record may help narrow the discount to net asset value.

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Seeking Alpha

Mar 7, 2022

NAC: Cali Munis Have Some Merit At These Levels

Cali munis are well supported in terms of credit risk and liquidity. This has been led by a macro-recovery, strong tax receipts, and a budget surplus. NAC, in particular, looks nice because of its underlying holdings and the fact that the fund has a large discount to NAV.

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seekingalpha.com

Jun 29, 2020

The Reopening Killed The V-Shaped Recovery

This is a weekly series focused on analyzing the previous week’s economic data releases. The objective is to concentrate on leading indicators of economic activ

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GuruFocus

May 18, 2020

Rivernorth Capital Management, Llc Buys Eaton Vance Municipal Bond Fund, Western Asset ...

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SEEKINGALPHA

Apr 28, 2020

Trump says state aid should be coronavirus-related

Speaking to reporters at the White House, President Trump said any aid to states should be related to its COVID-19 costs, not for mismanagement of states' budgets.via Bloomberg.On a separate issue, Tr

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SEEKINGALPHA

Apr 28, 2020

Senator McConnell clarifies State 'bankruptcy' comments, sees possible aid

Senate Majority leader Mitch McConnell (R-KY), in comments Monday, said he ultimately expects the Congress to approve aid for states and cities impacted by coronavirus spending, clarifying that his co

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SEEKINGALPHA

Apr 22, 2020

Senate's McConnell suggests bankruptcy as a route for struggling states

The next D.C. bailout battle (the so-called "Phase 4") continues over when and how much to send to states and municipalities.While the president and Democratic congressional leaders have signa

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THELINCOLNIANONLINE

Apr 13, 2020

Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) is Pacific Wealth Strategies Group Inc.'s 3rd Largest Position

Pacific Wealth Strategies Group Inc. raised its holdings in shares of Nuveen California Quality Muncpl IncmFnd (NYSE:NAC) by 7.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 491,256 shares of the company’s stock after buying an additional 35,806 shares during the […]

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