|Bid||14.57 x 1300|
|Ask||14.87 x 800|
|Day's Range||14.63 - 14.75|
|52 Week Range||10.85 - 15.45|
|Beta (5Y Monthly)||0.21|
|PE Ratio (TTM)||39.10|
|Earnings Date||May 07, 2021 - May 14, 2021|
|Forward Dividend & Yield||0.65 (4.44%)|
|Ex-Dividend Date||Feb 11, 2021|
|1y Target Est||N/A|
Rating Action: Moody's withdraws short-term rating of VRDP shares issued by Nuveen municipal closed-end fundGlobal Credit Research - 08 Feb 2021New York, February 08, 2021 -- Moody's Investors Service, ("Moody's") has withdrawn the P-1 short-term rating of the Series 2 Variable Rate Demand Preferred (VRDP) shares issued by Nuveen California Quality Municipal Income Fund (Fund), a closed-end fund managed by Nuveen Fund Advisors, LLC, as investment advisor, and Nuveen Asset Management, LLC as sub-advisor.The rating withdrawal follows the Fund's designation of a Special Rate Period for the Series 2 VRDP shares effective 8 February 2021. Further information on the EU endorsement status and on the Moody's office that issued the credit rating is available on www.moodys.com.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the UK and is endorsed by Moody's Investors Service Limited, One Canada Square, Canary Wharf, London E14 5FA under the law applicable to credit rating agencies in the UK.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nuveen California Quality Municipal Income Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 13 January 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
The affirmation follows the change in the Liquidity Provider for the fund's Series 6 VRDP Shares to JPMorgan Chase Bank, N.A. (Aa2, P-1(cr)) from Citibank, N.A. (Aa3, P-1(cr)), which will be effective at the close of business on 3 December 2020. For ratings issued on a support provider, this announcement provides certain regulatory disclosures in relation to the credit rating action on the support provider and in relation to each particular credit rating action for securities that derive their credit ratings from the support provider's credit rating.