Nuveen California Quality Municipal Income Fund

# Nuveen California Quality Municipal Income Fund

A closed-end fixed income mutual fund, Nuveen California Quality Municipal Income Fund invests exclusively in California municipal securities and related instruments exempt from federal and California state income taxes. The fund targets undervalued municipal bonds rated Baa or BBB and above by major rating agencies, maintaining a portfolio with an average maturity of approximately 21 years. Portfolio construction follows a fundamental, bottom-up analytical approach, with performance benchmarked against the S&P California Municipal Bond Index and S&P National Municipal Bond Index.

The fund is managed by Nuveen Fund Advisors LLC and Nuveen Asset Management LLC, divisions of Nuveen Investments, Inc., a Chicago-based asset management firm. Revenue is derived from management fees charged to investors in the fund. With a market capitalization of $1.9 billion, the fund represents a significant fixed income vehicle within Nuveen's municipal bond product portfolio.

Nuveen California Quality Municipal Income Fund was established in December 1998 and is domiciled in the United States, incorporated in Massachusetts. The fund trades on the New York Stock Exchange under ticker symbol NAC.