NAC · Nuveen California Quality Municipal Income Fund
Know the company
Company overview
Nuveen California Quality Municipal Income Fund owns bonds tied to California public projects and borrowers. The aim is income generally exempt from regular federal and California income taxes, with local credit decisions shaping the cash story.
Business
Municipal bond CEF
Listing
NAC · New York Stock Exchange
Reporting period
2026-02-28
Dividend schedule
Monthly
How the business works
California companies pay bond interest. Financing and fund expenses reduce what reaches common shareholders as net investment income, while rates and borrower credit also move NAV.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Earnings (basis not identified)$0.0384
Jun 1, 2026 to Aug 31, 2026
$0.00$0.0384
Distribution yield7.53%Sourced distributions divided by dated market priceReported annual income yield4.27%Reported net investment income $0.4800 per share for 2024-09-01 to 2025-08-31, divided by approved 2025-08-29 market price $11.2300. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$0.48Per share for 2025 FY. Excludes investment gains.Annual dividend$0.83Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Oct 1, 2026
$0.0695
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Why the annual trend is limited
The history includes changes in the portfolio, distribution policy or capital structure. Compare each dated period in that context. The chart keeps the observations separate across these changes.
Bond interest after expenses supports recurring income. Compare the amount available to common shareholders with distributions for the same period.
Watch borrowing costs, bond quality and NAV. Tax treatment depends on the bonds, distribution components and your circumstances.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Bond interest after expenses supports recurring income. Compare the amount available to common shareholders with distributions for the same period.
Fund net investment income per common share; actual reporting period, not annualized$0.2500
$0.00$0.30
For the six months ended February 28, 2026, NAC reported $0.25 of net investment income per common share. Keep that half-year result on its own dates when reading the monthly cash history; the older full-year distribution total is not its matching denominator.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 40.17%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Nuveen California Quality Municipal Income Fund reported $0.2500 per share for 2025-09-01 through 2026-02-28, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in municipal bonds can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next matching income and distribution period, then check California company credit, borrowing costs and NAV for the reason behind any change.
Net asset value (NAV)
NAV per share$10.09Sep 29, 2026Market price$10.23Sep 29, 2026PREMIUM / DISCOUNT TO NAV1.39% premiumCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next matching income and distribution period, then check California company credit, borrowing costs and NAV for the reason behind any change.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's published 2025 breakdown shows mainly federal tax-exempt interest and return of capital. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Total ordinary dividends
0.04%
Qualified dividends
Not confirmed
Capital-gain distributions
0%
Return of capital
26.74%
Federal tax-exempt interest
73.22%
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
0.04%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
73.22%
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
