Form N-CEN NUVEEN CALIFORNIA MUNICI For: Feb 28
X0404 N-CEN LIVE 0000818851 XXXXXXXX true false N-2 NUVEEN CALIFORNIA MUNICIPAL VALUE FUND 811-05235 0000818851 549300TMONWV3LX8YU60 333 West Wacker Drive Chicago 606061286 US-IL US 3129177700 State Street Bank & Trust Company One Lincoln Street Boston 02111 6177863000 All Instruments representing the investment of the Funds and all cash are held by the custodian. The custodian delivers securities against payment upon sale and pays for securities against delivery upon purchase. The custodian also remits Fund assets in payment of Fund expenses, pursuant to instructions of a Registrants officers or resolutions of the Board of Directors/Trustees. Nuveen Fund Advisors, LLC 333 West Wacker Drive Chicago 606061286 3129177700 Certificate of Incorporation, By-Laws, minutes of director and shareholder meetings and contracts of the Registrant and all advisory material of the investment adviser Computershare Trust Company, N.A. 150 Royall Street Canton 02021 8002578787 Certificate of Incorporation, By-Laws, minutes of director and shareholder meetings and contracts of the Registrant and all advisory material of the investment adviser. N N N-2 Y Joanne T. Medero N/A N Amy B. R. Lancellotta N/A N Matthew Thornton III N/A N Robert L. Young N/A N Margaret L. Wolff N/A N Carole E. Stone N/A N Judith M. Stockdale N/A N John K. Nelson N/A N Albin F. Moschner N/A N William C. Hunter N/A N Jack B. Evans N/A N Terence J. Toth 004501033 N Gifford R. Zimmerman 001850029 333 West Wacker Drive Chicago 606061286 XXXXXX N N N N N N KPMG LLP 00185 5493003PVCIGA21K0K42 N N N N N N N NUVEEN CALIFORNIA MUNICIPAL VALUE FUND 549300TMONWV3LX8YU60 N N/A N N N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) N N N N Nuveen Fund Advisors, LLC 801-14147 000104626 5493003J8FN3E5O9OT63 N Nuveen Asset Management, LLC 801-71957 000155584 549300W218VXB0L5EY14 Y N Computershare Trust Company, N.A. 085-11340 2549001YYB62BVMSAO13 N N N ICE Data Pricing and Reference Data, LLC 5493000NQ9LYLDBCTL34 N Financial & Risk U.S. Holdings, Inc. (Refinitiv) 549300NF240HXJ07N016 N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Pricing Direct 549300WIC0TOJ7N7GD54 N Bloomberg 5493001KJTIIGC8Y1R12 N Bloomberg BVAL N/A N Bank of America B4TYDEB6GKMZO031MB27 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) AO CITIBANK, MOSCOW N/A RU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK HAPOALIM B.M. N/A IL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BANK POLSKA KASA OPIEKI SA - BANK P N/A PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP PARIBAS SECURITIES SERVICES, GR N/A GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CANADA SELF CUSTODY - CDSX N/A CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CESKOSLOVENSKA OBCHODNI BANKA, A.S. N/A CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK COLOMBIA N/A CO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC HUNGARIAN BRANC N/A HU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK EUROPE PLC, DUBLIN-SUCURSA N/A RO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK MAGHREB N/A MA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK N.A. N/A AR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK NA LIMA N/A PE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK NA MEXICO N/A MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK NA SAO PAULO BRAZIL N/A BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK PJSC N/A UA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CITIBANK,N.A. N/A SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CLEARSTREAM N/A LU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CLEARSTREAM BANKING AG N/A DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) CREDIT SUISSE (SCHWEIZ) AG N/A CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEPOSITORY TRUST AND CLEARING CORPORATION N/A N Y Securities depository - rule 17f-4 (17 CFR 270.17f-4) DEUTSCHE BANK (MALAYSIA) BERHAD N/A MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK A.S. N/A TR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG N/A AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, SEOUL BRANCH N/A KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK AG, TAIPEI BRANCH N/A TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK S.P.A. N/A IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DEUTSCHE BANK SOCIEDAD ANONIMA ESPA N/A ES N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) DTCC N/A N Y Securities depository - rule 17f-4 (17 CFR 270.17f-4) EUROCLEAR N/A BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FEDERAL RESERVE BANK N/A N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) FIRSTRAND BANK LIMITED N/A ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HONGKONG AND SHANGHAI BANKING CORPO N/A JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK (CHINA) COMPANY LIMITED N/A CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK AUSTRALIA LIMITED N/A AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK EGYPT S.A.E N/A EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC BANK MIDDLE EAST LIMITED N/A AE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ITAU CORPBANCA (FORMERLY BANCO ITAU N/A CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) NORDEA BANK AB (PUBL) N/A SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) NORDEA BANK AB (PUBL), FILIAL I NOR N/A NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) NORDEA BANK AB (PUBL), FINNISH BRAN N/A DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) ROYAL BANK OF CANADA N/A CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN N/A DK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) SKANDINAVISKA ENSKILDA BANKEN AB N/A SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (HONG KONG) N/A HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STANDARD CHARTERED BANK (THAI) PCL N/A TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STATE STREET BANK AND TRUST COMPANY N/A GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) STATE STREET BK LONDON - CREST N/A GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) UNICREDIT BANK AUSTRIA AG N/A AT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N Computershare Trust Company, N.A. 2549001YYB62BVMSAO13 SEC file number 085-11340 N N N N Nuveen Securities, LLC 008-13464 000000469 549300SUT66RK1UQZ953 0.000000000000 TIAA-CREF Individual & Institutional Services, LLC 008-44454 000020472 N/A 0.000000000000 Teachers Professional Investors Services, Inc. 008-47051 000036130 N/A 0.000000000000 0.000000000000 Goldman Sachs & Co. LLC 008-00129 000000361 FOR8UP27PHTHYVLBNG30 8082276.700000000000 Citigroup 008-08177 000007059 549300S41SMIODVIT266 7352764.900000000000 Jefferies LLC 008-15074 000002347 58PU97L1C0WSRCWADL48 4754101.400000000000 Morgan Stanley 008-15869 000008209 7PDDXEMZ0ZV0CEDU4D16 4582125.000000000000 KeyBanc Capital Mkts 008-30177 000000566 2EQWV0180Z211YVAD813 3311875.000000000000 RBC Capital Markets, LLC 008-45411 000031194 549300LCO2FLSSVFFR64 2941371.200000000000 FTN Financial Securities Corp. 008-51393 000046346 PHDL2C07HIPM5DUL8S59 2586751.200000000000 JPMorgan Securities LLC 008-36950 000018718 ZBUT11V806EZRVTWT807 2352552.600000000000 Stifel Nicolaus & Company Incorporated 008-01447 000000793 5WUVMA08EYG4KEUPW589 1918776.850000000000 Wedbush Securities Inc. 008-12987 000000877 549300CSX55MXZ47EI78 1555687.500000000000 40972167.350000000000 Y 355074290.598329000000 Common stock Common shares N N N N N N 0.445337790392 0.560579026053 9.530000000000 10.320000000000 true true
Report of Independent Registered Public Accounting Firm
To the Shareholders and Board of Trustees of Nuveen Funds:
In planning and performing our audits of the financial statements of the Nuveen Funds listed in Exhibit A (the Funds) as of and for the year ended February 28, 2022, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.
Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements.
Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.
A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.
Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of February 28, 2022.
This report is intended solely for the information and use of the management and the Board of Trustees of the Nuveen Funds listed in Exhibit A and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.
/s/ KPMG LLP
Chicago, Illinois
April 27, 2022
Exhibit A
Closed-End Funds
Nuveen Arizona Quality Municipal Income Fund (NAZ)
Nuveen New Jersey Quality Municipal Income Fund (NXJ)
Nuveen Ohio Quality Municipal Income Fund (NUO)
Nuveen Pennsylvania Quality Municipal Income Fund (NQP)
Nuveen California Quality Municipal Income Fund (NAC)
Nuveen California AMT-Free Quality Municipal Income Fund (NKX)
Nuveen California Municipal Value Fund (NCA)
Nuveen California Select Tax-Free Income Portfolio (NXC)
Nuveen New York Quality Municipal Income Fund (NAN)
Nuveen New York AMT-Free Quality Municipal Income Fund (NRK)
Nuveen New York Municipal Value Fund (NNY)
Nuveen New York Select Tax-Free Income Portfolio (NXN)
Open-End Funds
Nuveen Multistate Trust II
Nuveen California High Yield Municipal Bond Fund (NCHY)
Nuveen California Municipal Bond Fund (NCASP)
Nuveen Connecticut Municipal Bond Fund (CT)
Nuveen Massachusetts Municipal Bond Fund (NTFM)
Nuveen New Jersey Municipal Bond Fund (NFNJ)
Nuveen New York Municipal Bond Fund (NFNY)
AMENDMENT NO. 1
TO THE
AMENDED AND RESTATED BY-LAWS
OF
NUVEEN CLOSED-END FUNDS
ORGANIZED AS
MASSACHUSETTS BUSINESS TRUSTS
This Amendment No. 1 (this “Amendment”) to the By-Laws of Nuveen Closed-End Funds
organized as Massachusetts business trusts, amended and restated as of October 5, 2020 (the “By-Laws”) and applicable to each Nuveen Closed-End Fund listed on Exhibit A to the By-Laws (each, a “Fund”), is made as of February 24, 2022, in accordance with Article X of the By-Laws. Capitalized terms used herein and not otherwise herein defined are used as defined in the By-Laws.
WHEREAS, a shareholder of certain Funds (the “Subject Funds”) filed a civil complaint in the U.S. District Court for the Southern District of New York (the “District Court”) against the Subject Funds, in which it asserted a claim for rescission under the 1940 Act and a declaratory judgment claim which both alleged that Article IX of the By-Laws violates Section 18(i) of the 1940 Act; and
WHEREAS, on February 18, 2022, the District Court granted judgment in favor of the plaintiff shareholder’s claim for rescission of Article IX of the By-Laws and on the plaintiff shareholder’s declaratory judgment claim, and declared that Article IX of the By-Laws violates Section 18(i) of the 1940 Act.
NOW THEREFORE
1.The By-Laws of the Funds are hereby amended as follows:
(a) |
Article IX of the By-Laws shall be of no force and effect with respect to the Funds for so long as the judgment of the District Court is effective. |
(b) |
If the judgment of the District Court is reversed, overturned, vacated, stayed, or otherwise nullified, Article IX of the By-Laws shall be automatically reinstated and apply to any beneficial owner of Common Shares acquired in a Control Share Acquisition, as defined in Section 9.1 of the By-Laws, regardless of whether such Control Share Acquisition occurred before or after such reinstatement, for the duration of the stay or upon issuance of the mandate reversing, overturning, vacating, or otherwise nullifying the judgment of the District Court. |
2. |
For the avoidance of doubt, and pursuant to Section 6.9 of the By-Laws, the remainder of the By-Laws not otherwise addressed herein remain in full force and effect; and the By-Laws, as amended by this Amendment, are hereby ratified and affirmed. |
EXHIBIT A
NUVEEN CLOSED-END FUNDS
(Organized as Massachusetts Business Trusts)
Updated as of October 5, 2020
Trust |
Date Established |
Nuveen AMT-Free Municipal Credit Income Fund |
July 12, 1999 |
Nuveen AMT-Free Municipal Value Fund |
November 19, 2008 |
Nuveen AMT-Free Quality Municipal Income Fund |
July 28, 2002 |
Nuveen Arizona Quality Municipal Income Fund |
August 24, 2012 |
Nuveen California AMT-Free Quality Municipal Income Fund |
July 29, 2002 |
Nuveen California Municipal Value Fund 2 |
January 26, 2009 |
Nuveen California Quality Municipal Income Fund |
December 1, 1998 |
Nuveen California Select Tax-Free Income Portfolio |
March 30, 1992 |
Nuveen Core Equity Alpha Fund |
January 9, 2007 |
Nuveen Corporate Income 2023 Target Term Fund |
September 20, 2018 |
Nuveen Corporate Income November 2021 Target Term Fund |
July 13, 2015 |
Nuveen Credit Opportunities 2022 Target Term Fund |
September 28, 2016 |
Nuveen Credit Strategies Income Fund |
March 16, 2003 |
Nuveen Diversified Dividend and Income Fund |
July 18, 2003 |
Nuveen DOWSM Dynamic Overwrite Fund |
May 20, 2014 |
Nuveen Dynamic Municipal Opportunities Fund |
November 4, 2019 |
Nuveen Emerging Markets Debt 2022 Target Term Fund |
June 1, 2017 |
Nuveen Enhanced Municipal Value Fund |
July 27, 2009 |
Nuveen Floating Rate Income Fund |
January 15, 2004 |
Nuveen Floating Rate Income Opportunity Fund |
April 27, 2004 |
Nuveen Georgia Quality Municipal Income Fund |
October 26, 2001 |
Nuveen Global High Income Fund |
August 5, 2014 |
Nuveen High Income 2020 Target Term Fund |
April 13, 2015 |
Nuveen Intermediate Duration Municipal Term Fund |
October 11, 2012 |
Nuveen Intermediate Duration Quality Municipal Term Fund |
December 11, 2012 |
Nuveen Maryland Quality Municipal Income Fund |
January 12, 1993 |
Nuveen Massachusetts Quality Municipal Income Fund |
January 12, 1993 |
Nuveen Michigan Quality Municipal Income Fund |
August 24, 2012 |
Nuveen Minnesota Quality Municipal Income Fund |
April 28, 2014 |
Nuveen Missouri Quality Municipal Income Fund |
March 29, 1993 |
Nuveen Mortgage and Income Fund |
September 10, 2009 |
Nuveen Multi-Market Income Fund |
April 30, 2014 |
Nuveen Municipal 2021 Target Term Fund |
October 13, 2015 |
Nuveen Municipal Credit Income Fund |
March 21, 2001 |
Nuveen Municipal Credit Opportunities Fund |
April 18, 2019 |
Nuveen Municipal High Income Opportunity Fund |
October 8, 2003 |
Nuveen NASDAQ 100 Dynamic Overwrite Fund |
May 20, 2004 |
Nuveen New Jersey Municipal Value Fund |
January 26, 2009 |
Nuveen New Jersey Quality Municipal Income Fund |
June 1, 1999 |
Nuveen New York AMT-Free Quality Municipal Income Fund |
July 29, 2002 |
Nuveen New York Municipal Value Fund 2 |
January 26, 2009 |
Nuveen New York Quality Municipal Income Fund |
December 1, 1998 |
Nuveen New York Select Tax-Free Income Portfolio |
March 30, 1992 |
Nuveen Ohio Quality Municipal Income Fund |
August 24, 2012 |
Nuveen Pennsylvania Municipal Value Fund |
January 26, 2009 |
Nuveen Pennsylvania Quality Municipal Income Fund |
December 19, 1990 |
Nuveen Preferred & Income Opportunities Fund |
January 27, 2003 |
Nuveen Preferred & Income Securities Fund |
June 24, 2002 |
Nuveen Preferred and Income 2022 Term Fund |
July 6, 2016 |
Nuveen Preferred and Income Term Fund |
April 18, 2012 |
Nuveen Quality Municipal Income Fund |
January 15, 1999 |
Nuveen Real Asset Income and Growth Fund |
January 10, 2012 |
Nuveen Real Estate Income Fund |
August 27, 2001 |
Nuveen S&P 500 Buy-Write Income Fund |
July 23, 2004 |
Nuveen S&P 500 Dynamic Overwrite Fund |
November 11, 2004 |
Nuveen Select Maturities Municipal Fund |
July 23, 1992 |
Nuveen Select Tax-Free Income Portfolio |
January 29, 1992 |
Nuveen Select Tax-Free Income Portfolio 2 |
March 30, 1992 |
Nuveen Select Tax-Free Income Portfolio 3 |
May 28, 1992 |
Nuveen Senior Income Fund |
August 13, 1999 |
Nuveen Short Duration Credit Opportunities Fund |
January 3, 2011 |
Nuveen Taxable Municipal Income Fund |
December 4, 2009 |
Nuveen Tax-Advantaged Dividend Growth Fund |
February 22, 2007 |
Nuveen Tax-Advantaged Total Return Strategy Fund |
October 1, 2003 |
Nuveen Virginia Quality Municipal Income Fund |
January 12, 1993
|
ADDITIONS
Trust |
Date Established |
Nuveen California Municipal Value Fund |
November 12, 2020 |
Nuveen New York Municipal Value Fund |
November 12, 2020 |
Nuveen Core Plus Impact Fund |
December 3, 2020 |
Nuveen Multi-Asset Income Fund |
April 22, 2021 |
Nuveen Variable Rate Preferred & Income Fund |
June 1, 2021 |
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