Nuveen California Municipal Value Fund 2 (NCB)
Filed: 23 Apr 09, 12:00am
Nuveen Asset Management
333 West Wacker Drive
Chicago, IL 60606
Phone: 312-917-7700
www.nuveen.com
April 23, 2009
OVERNIGHT DELIVERY AND EDGAR
John Grzeskiewicz
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Nuveen California Municipal Value Fund 2
Registration Statement on Form N-2
File Nos. 333-157060 and 811-22272
Dear Mr. Grzeskiewicz:
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, Nuveen California Municipal Value Fund 2 (the “Fund”) hereby requests acceleration of the effective date of the above-captioned Registration Statement so that it will become effective by 2:00 p.m., Eastern Time, on April 27, 2009 or as soon thereafter as practicable.
The Fund also hereby requests that effectiveness of its Registration Statement on Form 8-A under the Securities Exchange Act of 1934, as amended, be accelerated to be concurrent with the effectiveness of the above-captioned Registration Statement.
| Sincerely, | ||
| NUVEEN CALIFORNIA MUNICIPAL VALUE FUND 2 | ||
| By: | /s/ Kevin J. McCarthy | |
| Kevin J. McCarthy | ||
| Vice President and Secretary | ||
Global Markets & Investment Banking | ||||
| 4 World Financial Center - 5th Floor New York, New York 10080 | |||
212-449-6500 | ||||
April 23, 2009 |
John Grzeskiewicz
Senior Counsel
Division of Investment Management
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
| Re: | Nuveen California Municipal Value Fund 2 (the “Fund”) |
| Form N-2 Registration Statement No. 333-157060 |
| Investment Company Act File No. 811-22272 |
Dear Mr. Grzeskiewicz:
Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933, as amended, we, on behalf of the several underwriters, wish to advise you that distribution of the Registration Statement on Form N-2 as filed on March 24, 2009 and the Preliminary Prospectus dated March 24, 2009, began on March 24, 2009 and is expected to conclude at approximately 5:00 p.m., Eastern Time, on April 27, 2009, with anticipated distribution results as follows: a limited number of Registration Statements have or will be sent to underwriters and approximately 28,255 copies of the Preliminary Prospectus have or will be sent to underwriters, dealers and institutions.
In accordance with Rule 461 of the General Rules and Regulations under the Securities Act of 1933, as amended, the undersigned, on behalf of the underwriters of the offering of shares of common stock of the Fund, hereby joins in the request of the Fund for acceleration of the effective date of the above-named Registration Statement so that it becomes effective at 2:00 p.m., Eastern Time, on April 27, 2009 or as soon as possible thereafter.
Very truly yours,
MERRILL LYNCH & CO.
MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED
On behalf of the several Underwriters
By: MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
/s/ Michele Allong
Name: Michele Allong
Title: Assistant Vice President