Fund Description: Nuveen California Quality Municipal Income Fund, formerly Nuveen California Dividend Advantage Municipal Fund, is a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Nuveen California Quality Municipal Income Fund seeks current income exempt from both regular federal income taxes and California personal income tax; its secondary investment objective is the enhancement of portfolio value. FUND STRATEGY: The Fund invests in municipal securities that are exempt from federal and California state income taxes. The fund invests at least 80% of its managed assets in securities rated, at the time of investment, investment grade (Baa/BBB or better by S&P, Moody’s, or Fitch) or, if they are unrated, are judged by the manager to be of comparable quality. The Fund may invest up to 20% of its managed assets in municipal securities rated below investment quality or judged by the manager to be of comparable quality, of which up to 10% of its managed assets may be rated below B-/B3 or of comparable quality. The Fund uses leverage. FUND MANGEMENT: Nuveen Asset Management serves as the investment advisor to the Fund.