- ByInvesting.com
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As of June 9, 2014, Nuveen California Premium Income Municipal Fund has been acquired by Nuveen California AMT-Free Municipal Income Fund. Nuveen California Premium Income Municipal 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. The fund invests primarily in municipal securities rated Baa/BBB or better. It invests in securities that provide income exempt from federal and California income tax. The fund employs fundamental analysis with bottom-up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the S&P California Municipal Bond Index and the S&P National Municipal Bond Index. Nuveen California Premium Income Municipal Fund was formed on February 10, 1993 and is domiciled in the United States.