Nuveen California Municipal Value Fund (NYSE: NCA) will become Nuveen California Municipal Income Fund effective October 30, 2026, after its Board of Trustees approved the name change. The Fund said the change is not expected to result in any changes to the investment process used in managing it.
Nuveen California Municipal Value Fund (NCA) revised its use-of-proceeds disclosure for Common Shares issued under the prospectus supplement. The Fund currently anticipates it will be able to invest substantially all net proceeds in investments meeting its investment objective and policies within approximately three months of receiving them. Pending investment, proceeds are expected to be invested in securities issued by the U.S. Government and its agencies or instrumentalities, or in high-quality, short-term money market instruments. The Fund may also use the proceeds to pay shareholder distributions.
NUVEEN CALIFORNIA MUNICIPAL VALUE FUND (NCA) reports that portfolio manager Margot Kleinman has filed an initial statement of beneficial ownership on Form 3. The filing does not list any reportable holdings or transactions in the fund’s securities at this time.
NUVEEN CALIFORNIA MUNICIPAL VALUE FUND (NCA) filed an initial statement of beneficial ownership on Form 3 for Parth Doshi. Doshi is identified as a VP but not as a director, officer of the issuer, or ten percent owner. The filing reports no securities transactions or holdings at this time.
UBS Group AG reports beneficial ownership of common shares of Nuveen California Municipal Value Fund. UBS and its wholly owned subsidiaries UBS Financial Services Inc. and UBS Securities LLC together beneficially own 2,170,665 common shares, representing 6.6% of the class.
UBS reports no sole voting or dispositive power. It has shared voting power over 280 shares and shared dispositive power over 2,170,465 shares. The filing is made on a group basis by UBS Group AG on behalf of these subsidiaries, with UBS organized in Switzerland and the fund headquartered in Chicago, Illinois.
Nuveen California Municipal Value Fund is offering up to 3,300,000 Common Shares (par value $0.01) pursuant to this prospectus supplement. The Fund intends to sell shares primarily "at the market" on the NYSE or to/through market makers, with a minimum per-share price equal to NAV plus the distributor commission.
The prospectus states the May 19, 2026 closing market price was $9.36 and the NAV was $9.07. Using $9.36 per share, the Fund estimates net proceeds of $30,557,120 if all offered shares are sold; actual sales and proceeds may differ. The Fund will pay variable commissions to Nuveen Securities under the described distribution arrangements.
Nuveen California Municipal Value Fund is registering for one or more offerings of up to 13,700,000 common shares and/or subscription rights to purchase common shares, to be offered on an immediate, continuous or delayed basis.
The prospectus describes the Fund as a diversified, closed-end management investment company with a primary objective to provide current income exempt from regular federal and California income taxes. The prospectus discloses the May 13, 2026 closing market price of $9.63 and a NAV of $9.18, and states there were 33,121,987 common shares outstanding as of May 13, 2026. The offering may be made directly and/or through underwriters, dealers, agents or ‘‘at the market’’ transactions; specific terms will be set forth in any prospectus supplement.
Nuveen California Municipal Value Fund is registering securities for one or more continuous or delayed offerings of Common Shares and/or subscription Rights to purchase Common Shares to be conducted from time to time after the registration statement is effective. The Fund is a diversified, closed-end management investment company listed on the NYSE under the symbol NCA with a municipal‑bond income objective aimed at providing current income exempt from regular federal and California income taxes. The prospectus and prospectus supplements will specify offering mechanics, underwriters, fees, the number of shares or Rights offered and any offering proceeds treatment. The Fund cautions that distributions may include return of capital and that use of leverage is a principal risk.
NUVEEN CALIFORNIA MUNICIPAL VALUE FUND filed an initial insider ownership report for executive Joseph Castro, who serves as EVP, Chief Risk & Compliance. This Form 3 establishes his status as a reporting person for the fund. The data provided shows no reported transactions or share movements.