Notes to Financial Statements
1. General Information and Significant Accounting Policies
The California Funds (the "Funds") covered in this report and their corresponding New York Stock Exchange
symbols are Nuveen California Municipal Value Fund, Inc. (NCA), Nuveen California Performance Plus
Municipal Fund, Inc. (NCP), Nuveen California Municipal Market Opportunity Fund, Inc. (NCO), Nuveen
California Investment Quality Municipal Fund, Inc. (NQC), Nuveen California Select Quality Municipal Fund,
Inc. (NVC) and Nuveen California Quality Income Municipal Fund, Inc. (NUC).
California Value is not authorized by its Articles of Incorporation to issue Preferred shares. Therefore, in the
Notes to Financial Statements, "N/A" represents not-applicable.
Each Fund invests primarily in a diversified portfolio of municipal obligations issued by state and local government
authorities within the state of California. The Funds are registered under the Investment Company Act of 1940 as
closed-end, diversified management investment companies.
The following is a summary of significant accounting policies followed by the Funds in the preparation of their
financial statements in accordance with generally accepted accounting principles.
The prices of municipal bonds in each Fund's investment portfolio are provided by a pricing service approved by
the Fund's Board of Directors. When price quotes are not readily available (which is usually the case for
municipal securities), the pricing service establishes fair market value based on yields or prices of municipal bonds
of comparable quality, type of issue, coupon, maturity and rating, indications of value from securities dealers and
general market conditions. Temporary investments in securities that have variable rate and demand features
qualifying them as short-term securities are valued at amortized cost, which approximates market value.
Securities transactions are recorded on a trade date basis.