Unassociated Document

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 
Investment Company Act file number 811-05238
 
Nuveen New York Municipal Value Fund, Inc.
(Exact name of registrant as specified in charter)
 
Nuveen Investments
        333 West Wacker Drive, Chicago, Illinois 60606         
(Address of principal executive offices) (Zip code)
 

Kevin J. McCarthy
Vice President and Secretary
        333 West Wacker Drive, Chicago, Illinois 60606         
(Name and address of agent for service)
 
Registrant's telephone number, including area code:         312-917-7700        
 
Date of fiscal year end:            9/30          
 
Date of reporting period:         6/30/15         
 
Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.
 
A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
 
 
 
 
Item 1. Schedule of Investments
 
 
   
Portfolio of Investments
      
           
   
Nuveen New York Municipal Value Fund, Inc. (NNY)
      
   
June 30, 2015 (Unaudited)
      
 
 
Principal
    
Optional Call
    
Amount (000)
  
Description (1)
Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS – 100.0% (100.0% of Total Investments)
      
           
   
MUNICIPAL BONDS – 100.0% (100.0% of Total Investments)
      
           
   
Consumer Discretionary – 1.5% (1.5% of Total Investments)
      
$        275
  
New York City Industrial Development Agency, New York, Liberty Revenue Bonds,
9/15 at 100.00
BBB
$       275,707
   
IAC/InterActiveCorp, Series 2005, 5.000%, 9/01/35
      
1,950
  
Seneca Nation of Indians Capital Improvements Authority, New York, Special Obligation Bonds,
6/17 at 100.00
N/R
2,018,484
   
Series 2007A, 5.000%, 12/01/23
      
2,225
  
Total Consumer Discretionary
    
2,294,191
   
Consumer Staples – 2.0% (2.0% of Total Investments)
      
500
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement
6/16 at 100.00
B
489,055
   
Asset-Backed Bonds, Refunding Series 2006A-2, 5.250%, 6/01/26
      
875
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement
6/16 at 100.00
B
749,009
   
Asset-Backed Bonds, Series 2006A-3, 5.000%, 6/01/35
      
65
  
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
12/15 at 100.00
A1
65,085
   
5.250%, 6/01/25
      
400
  
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
9/15 at 100.00
A1
399,988
   
5.750%, 6/01/33
      
15
  
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement
9/15 at 100.00
A1
14,650
   
Asset-Backed Bonds, Series 2001A, 5.200%, 6/01/25
      
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
      
680
  
4.750%, 6/01/22
6/16 at 100.00
BBB–
682,706
345
  
5.000%, 6/01/26
6/16 at 100.00
BB–
349,758
240
  
5.125%, 6/01/42
6/16 at 100.00
B
206,138
3,120
  
Total Consumer Staples
    
2,956,389
   
Education and Civic Organizations – 19.1% (19.1% of Total Investments)
      
275
  
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
281,732
   
2007A, 5.000%, 7/01/31
      
415
  
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
B+
340,923
   
Schools, Series 2007A, 5.000%, 4/01/37
      
1,350
  
Brooklyn Arena Local Development Corporation, New York, Payment in Lieu of Taxes Revenue
1/20 at 100.00
BBB–
1,557,900
   
Bonds, Barclays Center Project, Series 2009, 6.250%, 7/15/40
      
750
  
Buffalo and Erie County Industrial Land Development Corporation, New York, Revenue Bonds,
12/20 at 100.00
B
767,752
   
Enterprise Charter School Project, Series 2011A, 7.500%, 12/01/40
      
   
Build New York City Resource Corporation, New York, Revenue Bonds, City University of
      
   
New York - Queens College, Q Student Residences, LLC Project, Refunding Series 2014A:
      
1,000
  
5.000%, 6/01/38
6/24 at 100.00
Aa2
1,107,180
1,250
  
5.000%, 6/01/43
6/24 at 100.00
Aa2
1,374,950
90
  
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
91,938
   
University, Series 2006, 5.000%, 5/01/23
      
1,175
  
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College,
7/17 at 100.00
AA
1,224,444
   
Series 2007A, 5.000%, 7/01/41 – RAAI Insured
      
415
  
Dormitory Authority of the State of New York, General Revenue Bonds, Saint Johns University,
7/23 at 100.00
A–
452,678
   
Series 2013A, 5.000%, 7/01/44
      
1,000
  
Dormitory Authority of the State of New York, Housing Revenue Bonds, Fashion Institute of
No Opt. Call
AA–
1,133,700
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
      
   
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
      
   
Facilities, Series 2015A:
      
235
  
5.000%, 7/01/31
No Opt. Call
Aa3
269,016
265
  
5.000%, 7/01/33
No Opt. Call
Aa3
300,698
525
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University,
7/20 at 100.00
A–
592,683
   
Series 2010, 5.250%, 7/01/30
      
1,955
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University,
7/25 at 100.00
A–
2,148,701
   
Series 2015A, 5.000%, 7/01/45
      
760
  
Dormitory Authority of the State of New York, Revenue Bonds, New York University,
No Opt. Call
AA–
866,187
   
Series 2015A, 5.000%, 7/01/35
      
280
  
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College,
7/20 at 100.00
Ba1
297,030
   
Series 2010, 5.250%, 7/01/35
      
2,170
  
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
8/17 at 100.00
Ba3
2,100,104
   
Bard College Refunding, Series 2007-A1, 5.000%, 8/01/46
      
300
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Adelphi University
9/23 at 100.00
A
329,262
   
Project, Series 2013, 5.000%, 9/01/43
      
880
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College
7/19 at 100.00
BBB
971,054
   
Project, Series 2009, 5.750%, 7/01/39
      
   
Monroe County Industrial Development Corporation, New York, Revenue Bonds, St. John Fisher
      
   
College, Series 2011:
      
1,000
  
6.000%, 6/01/30
6/21 at 100.00
BBB+
1,115,040
1,000
  
6.000%, 6/01/34
6/21 at 100.00
BBB+
1,107,790
3,000
  
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
7/21 at 100.00
AA–
3,248,490
   
Rochester Project, Series 2011B, 5.000%, 7/01/41
      
   
New Rochelle Corporation, New York, Local Development Revenue Bonds, Iona College Project,
      
   
Series 2015A:
      
25
  
5.000%, 7/01/40
7/25 at 100.00
BBB
26,725
25
  
5.000%, 7/01/45
7/25 at 100.00
BBB
26,578
   
New York City Industrial Development Agency, New York, PILOT Revenue Bonds, Queens Baseball
      
   
Stadium Project, Series 2006:
      
1,500
  
5.000%, 1/01/39 – AMBAC Insured
1/17 at 100.00
BB+
1,531,770
1,175
  
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
BB+
1,193,213
   
New York City Industrial Development Authority, New York, PILOT Revenue Bonds, Yankee Stadium
      
   
Project, Series 2006:
      
1,610
  
4.500%, 3/01/39 – FGIC Insured
9/16 at 100.00
BBB
1,627,855
800
  
4.750%, 3/01/46 – NPFG Insured
9/16 at 100.00
AA–
809,096
170
  
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
10/17 at 100.00
BBB
180,829
   
College, Series 2007, 5.000%, 10/01/27
      
1,345
  
Tompkins County Development Corporation, New York, Revenue Bonds, Ithaca College, Series 2011,
1/21 at 100.00
A2
1,470,583
   
5.375%, 7/01/41 – AGM Insured
      
300
  
Troy Capital Resource Corporation, New York, Revenue Bonds, Rensselaer Polytechnic Institute,
9/20 at 100.00
A–
329,793
   
Series 2010A, 5.125%, 9/01/40
      
27,040
  
Total Education and Civic Organizations
    
28,875,694
   
Financials – 1.3% (1.3% of Total Investments)
      
1,705
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
2,026,086
   
Series 2007, 5.500%, 10/01/37
      
   
Health Care – 8.5% (8.5% of Total Investments)
      
1,005
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
9/15 at 100.00
AA–
1,008,809
   
Hospital, Series 2004, 5.000%, 8/01/29 – FGIC Insured
      
995
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, New York
2/17 at 100.00
N/R
1,043,357
   
Hospital Medical Center of Queens, Series 2007, 4.650%, 8/15/27
      
700
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, Montefiore Medical
9/15 at 100.00
AA–
702,709
   
Center, Series 2005, 5.000%, 2/01/22 – FGIC Insured
      
350
  
Dormitory Authority of the State of New York, Highland Hospital of Rochester Revenue Bonds,
7/20 at 100.00
A
387,608
   
Series 2010, 5.000%, 7/01/26
      
   
Dormitory Authority of the State of New York, Orange Regional Medical Center Obligated Group
      
   
Revenue Bonds, Series 2008:
      
1,060
  
6.500%, 12/01/21
12/18 at 100.00
Ba1
1,197,175
565
  
6.125%, 12/01/29
12/18 at 100.00
Ba1
621,669
1,155
  
6.250%, 12/01/37
12/18 at 100.00
Ba1
1,263,697
2,350
  
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA
2,437,537
   
Center, Series 2006-1, 5.000%, 7/01/35
      
2,100
  
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
2,395,890
   
2011A, 6.000%, 7/01/40
      
290
  
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
9/15 at 100.00
BB
292,001
   
Nicholas H. Noyes Hospital, Series 2005, 6.000%, 7/01/30
      
   
Madison County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
      
   
Oneida Health System, Series 2007A:
      
280
  
5.250%, 2/01/27
2/17 at 100.00
BB+
284,757
260
  
5.500%, 2/01/32
2/17 at 100.00
BB+
263,349
295
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health
7/21 at 100.00
BBB+
320,600
   
Services of Long Island Obligated Group Project, Refunding Series 2011, 5.000%, 7/01/28
      
500
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
1/16 at 100.00
B+
500,865
   
Series 2001A, 7.125%, 7/01/31
      
155
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
9/15 at 100.00
B+
155,268
   
Series 2001B, 7.125%, 7/01/31
      
12,060
  
Total Health Care
    
12,875,291
   
Housing/Multifamily – 1.8% (1.8% of Total Investments)
      
255
  
East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding
10/15 at 100.00
AA
255,788
   
Bonds, Bennet Project, Series 2001A, 6.700%, 4/01/21
      
1,000
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/19 at 100.00
AA+
1,093,710
   
Series 2009C-1, 5.500%, 11/01/34
      
1,250
  
New York City Housing Development Corporation, New York, Multifamily Housing Revenue Bonds,
5/19 at 100.00
AA+
1,294,288
   
Series 2009M, 5.150%, 11/01/45
      
2,505
  
Total Housing/Multifamily
    
2,643,786
   
Industrials – 1.6% (1.6% of Total Investments)
      
100
  
Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds,
1/25 at 100.00
N/R
105,934
   
Pratt Paper NY, Inc. Project, Series 2014, 5.000%, 1/01/35 (Alternative Minimum Tax)
      
2,350
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 3 World Trade
11/24 at 100.00
N/R
2,369,129
   
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
      
2,450
  
Total Industrials
    
2,475,063
   
Long-Term Care – 1.5% (1.5% of Total Investments)
      
435
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
470,183
   
Westchester Project, Series 2006, 5.200%, 2/15/41
      
270
  
Dormitory Authority of the State of New York, Non-State Supported Debt, Ozanam Hall of Queens
11/16 at 100.00
Baa3
274,733
   
Nursing Home Revenue Bonds, Series 2006, 5.000%, 11/01/31
      
135
  
Dormitory Authority of the State of New York, Revenue Bonds, Providence Rest, Series 2005,
9/15 at 100.00
N/R
135,038
   
5.000%, 7/01/35 – ACA Insured
      
610
  
Erie County Industrial Development Agency, New York, Revenue Bonds, Orchard Park CCRC Inc.
11/16 at 100.00
N/R
618,412
   
Project, Series 2006A, 6.000%, 11/15/36
      
140
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds,
1/16 at 100.00
N/R
141,247
   
Special Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16
      
220
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds,
7/16 at 101.00
N/R
217,514
   
Special Needs Facilities Pooled Program, Series 2008A-1, 5.500%, 7/01/18
      
235
  
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
7/16 at 101.00
N/R
174,939
   
Special Needs Facilities Pooled Program, Series 2008-B1, 5.800%, 7/01/23
      
225
  
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds,
7/16 at 101.00
N/R
220,721
   
Special Needs Facilities Pooled Program Bonds, Series 2008-C1, 5.800%, 7/01/23
      
2,270
  
Total Long-Term Care
    
2,252,787
   
Tax Obligation/General – 6.2% (6.2% of Total Investments)
      
4,760
  
New York City, New York, General Obligation Bonds, Fiscal 2008 Series D, 5.125%, 12/01/25
12/17 at 100.00
AA
5,242,616
1,000
  
New York City, New York, General Obligation Bonds, Fiscal 2014 Series A-1, 5.000%, 8/01/26
8/23 at 100.00
AA
1,171,800
35
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19 –
9/15 at 100.00
AA
35,287
   
SYNCORA GTY Insured
      
2,765
  
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
8/16 at 100.00
AA
2,898,992
8,560
  
Total Tax Obligation/General
    
9,348,695
   
Tax Obligation/Limited – 18.4% (18.4% of Total Investments)
      
395
  
Dormitory Authority of the State of New York, Department of Health Revenue Bonds,
9/15 at 100.00
AA
396,635
   
Series 2005A, 5.250%, 7/01/24 – CIFG Insured
      
   
Dormitory Authority of the State of New York, Second General Resolution Consolidated Revenue
      
   
Bonds, City University System, Series 1993A:
      
630
  
5.750%, 7/01/18
No Opt. Call
AA
682,240
1,400
  
6.000%, 7/01/20
No Opt. Call
AA
1,620,304
2,290
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
No Opt. Call
AAA
2,537,847
   
General Purpose Series 2012D, 5.000%, 2/15/37
      
640
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2014A,
No Opt. Call
AAA
717,875
   
5.000%, 3/15/44
      
1,500
  
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,
11/19 at 100.00
AA
1,698,270
   
5.000%, 11/15/34
      
560
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
7/15 at 100.00
A–
562,850
   
5.500%, 1/01/34
      
1,200
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
1/17 at 100.00
AA
1,269,120
   
Fiscal Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
      
1,500
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
1/19 at 100.00
AA
1,668,435
   
Fiscal Series 2009-S5, 5.250%, 1/15/39
      
2,000
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds,
7/25 at 100.00
AA
2,235,060
   
Fiscal Series 2015S-2, 5.000%, 7/15/40
      
1,680
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
5/23 at 100.00
AAA
1,860,432
   
Subordinate Fiscal 2013 Series I, 5.000%, 5/01/38
      
1,225
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds,
2/24 at 100.00
AAA
1,376,165
   
Subordinate Fiscal 2014 Series D-1, 5.000%, 2/01/35
      
2,100
  
New York State Environmental Facilities Corporation, State Personal Income Tax Revenue Bonds,
12/17 at 100.00
AAA
2,293,998
   
Series 2008A, 5.000%, 12/15/27 (UB)
      
865
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
10/15 at 100.00
AA+
875,371
   
Series 2005B, 5.000%, 4/01/21 – AMBAC Insured
      
1,175
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2007,
10/17 at 100.00
AA+
1,270,668
   
5.000%, 4/01/27
      
2,450
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B,
No Opt. Call
AA+
2,905,308
   
5.500%, 4/01/20 – AMBAC Insured (UB) (4)
      
600
  
New York State Urban Development Corporation, Special Project Revenue Bonds, University
No Opt. Call
AA
710,070
   
Facilities Grants, Series 1995, 5.875%, 1/01/21
      
20,000
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A,
No Opt. Call
AA–
2,996,000
   
0.000%, 8/01/43 – NPFG Insured
      
42,210
  
Total Tax Obligation/Limited
    
27,676,648
   
Transportation – 18.3% (18.3% of Total Investments)
      
3,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
11/17 at 100.00
AA–
3,235,230
   
Series 2008A, 5.250%, 11/15/36
      
3,500
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
No Opt. Call
AA–
3,814,755
   
Series 2012E, 5.000%, 11/15/42
      
1,100
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
11/23 at 100.00
AA–
1,243,550
   
Series 2013E, 5.000%, 11/15/31
      
2,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds,
5/24 at 100.00
AA–
2,263,320
   
Series 2014B, 5.250%, 11/15/38
      
1,500
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds,
10/17 at 102.00
N/R
540,000
   
Bronx Parking Development Company, LLC Project, Series 2007, 5.875%, 10/01/46 (5)
      
1,600
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
12/15 at 100.00
BB
1,606,416
   
British Airways PLC, Series 1998, 5.250%, 12/01/32 (Alternative Minimum Tax)
      
1,000
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds, JFK
8/15 at 100.00
N/R
1,011,140
   
Airport – American Airlines Inc., Series 2002B, 8.500%, 8/01/28 (Alternative Minimum Tax)
      
700
  
New York City Industrial Development Agency, New York, Special Facilities Revenue Bonds,
1/16 at 100.00
A3
716,548
   
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
      
660
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
11/21 at 100.00
A+
726,396
   
Center Project, Series 2011, 5.000%, 11/15/44
      
5,900
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred
5/25 at 100.00
AA–
6,651,778
   
Eighty-Ninth Series 2015, 5.000%, 5/01/40
      
325
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
No Opt. Call
AA
428,155
   
Eighth Series 2008, Trust 2920, 18.022%, 3/16/17 – AGM Insured (IF)
      
   
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
      
   
Ninth Series 2013:
      
1,000
  
5.000%, 6/01/33
12/23 at 100.00
AA–
1,139,820
1,575
  
5.000%, 12/01/43
12/23 at 100.00
AA–
1,759,338
   
Port Authority of New York and New Jersey, Special Project Bonds, JFK International Air
      
   
Terminal LLC Project, Eighth Series 2010:
      
225
  
6.500%, 12/01/28
12/15 at 100.00
BBB
230,180
1,160
  
6.000%, 12/01/36
12/20 at 100.00
BBB
1,353,036
780
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
No Opt. Call
AA–
938,855
   
Subordinate Lien Series 2002E, 5.500%, 11/15/20 – NPFG Insured
      
26,025
  
Total Transportation
    
27,658,517
   
U.S. Guaranteed – 4.1% (4.1% of Total Investments) (6)
      
990
  
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital,
11/17 at 100.00
A3 (6)
1,100,712
   
Series 2008D, 5.750%, 11/15/27 (Pre-refunded 11/15/17)
      
1,825
  
Dormitory Authority of the State of New York, FHA-Insured Revenue Bonds, St. Lukes Roosevelt
8/15 at 100.00
N/R (6)
1,835,530
   
Hospital, Series 2005, 4.900%, 8/15/31 (Pre-refunded 8/15/15)
      
450
  
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds,
No Opt. Call
Aaa
465,052
   
Suffolk County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
      
265
  
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A (6)
268,199
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35 (Pre-refunded 10/01/15)
      
245
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/16 at 101.00
N/R (6)
259,996
   
Needs Facilities Pooled Program, Series 2008A-1, 5.500%, 7/01/18 (Pre-refunded 7/01/16)
      
1,965
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19
9/15 at 100.00
Aa2 (6)
1,980,799
   
(Pre-refunded 9/01/15) – SYNCORA GTY Insured
      
30
  
New York City, New York, General Obligation Bonds, Fiscal Series 2007A, 5.000%, 8/01/25
8/16 at 100.00
N/R (6)
31,496
   
(Pre-refunded 8/01/16)
      
75
  
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
9/15 at 100.00
N/R (6)
75,737
   
Development and Housing, Series 2006A, 5.000%, 3/15/36 (Pre-refunded 9/15/15)
      
135
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General,
10/15 at 100.00
N/R (6)
136,629
   
Series 2005B, 5.000%, 4/01/21 (Pre-refunded 10/01/15) – AMBAC Insured
      
5,980
  
Total U.S. Guaranteed
    
6,154,150
   
Utilities – 11.2% (11.2% of Total Investments)
      
1,000
  
Chautauqua County Industrial Development Agency, New York, Exempt Facility Revenue Bonds,
2/20 at 100.00
Baa3
1,114,630
   
NRG Dunkirk Power Project, Series 2009, 5.875%, 4/01/42
      
90
  
Guam Power Authority, Revenue Bonds, Series 2012A, 5.000%, 10/01/34
10/22 at 100.00
BBB
95,904
   
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006A:
      
1,500
  
5.000%, 12/01/23 – FGIC Insured
6/16 at 100.00
AA–
1,555,440
1,500
  
5.000%, 12/01/24 – FGIC Insured
6/16 at 100.00
AA–
1,554,300
250
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
6/16 at 100.00
A–
258,468
   
5.000%, 12/01/35 – CIFG Insured
      
135
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2014A,
9/24 at 100.00
A–
146,132
   
5.000%, 9/01/44
      
400
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A–
433,824
   
5.000%, 5/01/38
      
1,250
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
No Opt. Call
A–
1,348,187
   
5.000%, 9/01/37
      
1,000
  
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
9/15 at 100.00
A–
1,003,930
   
Series 2003, 5.250%, 6/01/27 (Alternative Minimum Tax)
      
2,490
  
Niagara Area Development Corporation, New York, Solid Waste Disposal Facility Revenue
No Opt. Call
BB+
2,568,833
   
Refunding Bonds, Covanta Energy Project, Series 2012A, 5.250%, 11/01/42
      
25
  
Power Authority of the State of New York, General Revenue Bonds, Series 2006A, 5.000%,
11/15 at 100.00
Aa1
25,454
   
11/15/19 – FGIC Insured
      
495
  
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue
1/16 at 100.00
N/R
495,025
   
Cogeneration Partners Facility, Series 1998, 5.500%, 1/01/23 (Alternative Minimum Tax)
      
   
Utility Debt Securitization Authority, New York, Restructuring Bonds, Series 2013TE:
      
4,440
  
5.000%, 12/15/34
12/23 at 100.00
AAA
5,088,284
1,100
  
5.000%, 12/15/41
12/23 at 100.00
AAA
1,239,612
15,675
  
Total Utilities
    
16,928,023
   
Water and Sewer – 4.5% (4.5% of Total Investments)
      
300
  
Buffalo Municipal Water Finance Authority, New York, Water System Revenue Bonds, Refunding
7/25 at 100.00
A
342,327
   
Series 2015A, 5.000%, 7/01/29
      
1,000
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
2/22 at 100.00
AAA
1,101,320
   
Master Financing, Series 2012B, 5.000%, 2/15/42
      
   
New York State Environmental Facilities Corporation, State Clean Water and Drinking Water
      
   
Revolving Funds Revenue Bonds, New York City Municipal Water Finance Authority Projects,
      
   
Second Resolution Subordinated SRF Series 2015A:
      
2,100
  
5.000%, 6/15/36 (WI/DD, Settling 7/02/15)
6/25 at 100.00
AAA
2,419,178
2,500
  
5.000%, 6/15/40 (WI/DD, Settling 7/02/15)
6/25 at 100.00
AAA
2,847,950
5,900
  
Total Water and Sewer
    
6,710,775
$ 157,725
  
Total Long-Term Investments (cost $144,221,834)
    
150,876,095
   
Floating Rate Obligations – (2.2)%
    
(3,255,000)
   
Other Assets Less Liabilities – 2.2%
    
3,245,394
   
Net Assets Applicable to Common Shares – 100%
    
$ 150,866,489
 
 
 
 

 
Fair Value Measurements
 
Fair value is defined as the price that would be received upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The following is a summary of the three-tiered hierarchy of valuation input levels.
 
Level 1 – Inputs are unadjusted and prices are determined using quoted prices in active markets for identical securities.
 
Level 2 – Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
 
Level 3 – Prices are determined using significant unobservable inputs (including management’s assumptions in determining the fair value of investments).
 
The inputs or methodologies used for valuing securities are not an indication of the risks associated with investing in those securities. The following is a summary of the Fund’s fair value measurements as of the end of the reporting period:
 
 
Level 1
Level 2
Level 3
Total
Long-Term Investments:
        
Municipal Bonds
$ —
$150,876,095
$ —
$150,876,095
 
Income Tax Information
 
The following information is presented on an income tax basis. Differences between amounts for financial statement and federal income tax purposes are primarily due to the timing differences in recognizing taxable market discount, timing differences in recognizing certain gains and losses on investment transactions and the treatment of investments in inverse floating rate securities reflected as financing transactions, if any. To the extent that differences arise that are permanent in nature, such amounts are reclassified within the capital accounts on the Statement of Assets and Liabilities presented in the annual report, based on their federal tax basis treatment; temporary differences do not require reclassification. Temporary and permanent differences do not impact the net asset value of the Fund.
 
As of June 30, 2015, the cost of investments was $140,645,472.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of June 30, 2015, were as follows:
   
Gross unrealized:
  
Appreciation
$  8,102,038
Depreciation
(1,128,314)
Net unrealized appreciation (depreciation) of investments
$  6,973,724
 
(1)
  
All percentages shown in the Portfolio of Investments are based on net assets applicable to common
   
shares unless otherwise noted.
(2)
  
Optional Call Provisions: Dates (month and year) and prices of the earliest optional call or redemption.
   
There may be other call provisions at varying prices at later dates. Certain mortgage-backed securities
   
may be subject to periodic principal paydowns.
(3)
  
Ratings: Using the highest of Standard & Poor’s Group (“Standard & Poor’s”), Moody’s Investors Service,
   
Inc. (“Moody’s”) or Fitch, Inc. (“Fitch”) rating. Ratings below BBB by Standard & Poor’s, Baa by Moody’s or
   
BBB by Fitch are considered to be below investment grade. Holdings designated N/R are not rated by any
   
of these national rating agencies.
(4)
  
Investment, or portion of investment, has been pledged to collateralize the net payment obligations for
   
investments in inverse floating rate transactions.
(5)
  
On April 1, 2013, the Fund’s Adviser determined it was unlikely that this borrower would fulfill its entire
   
obligation on this security, and therefore reduced the security’s interest rate of accrual from 5.875% to 2.350%.
(6)
  
Backed by an escrow or trust containing sufficient U.S. Government or U.S. Government agency securities,
   
which ensure the timely payment of principal and interest. Certain bonds backed by U.S. Government or
   
agency securities are regarded as having an implied rating equal to the rating of such securities.
(ETM)
  
Escrowed to maturity.
(IF)
  
Inverse floating rate investment.
(UB)
  
Underlying bond of an inverse floating rate trust reflected as a financing transaction.
(WI/DD)
  
Investment, or portion of investment, purchased on a when-issued or delayed-delivery basis.
 
 
 
 
 
Item 2. Controls and Procedures.

a.  
The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act") (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of this report that includes the disclosure required by this paragraph, based on their evaluation of the controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rule 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934 (17 CFR 240.13a-15(b) or 240.15d-15(b)).
 
b.  
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d)) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
 
Item 3. Exhibits.

File as exhibits as part of this Form a separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)), exactly as set forth below: See EX-99 CERT attached hereto.

 
 
 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
(Registrant)  Nuveen New York Municipal Value Fund, Inc. 
 
By (Signature and Title)     /s/ Kevin J. McCarthy                    
                                                   Kevin J. McCarthy
                                                   Vice President and Secretary
 
Date:         August 28, 2015        
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
 
By (Signature and Title)     /s/ Gifford R. Zimmerman                    
                                                    Gifford R. Zimmerman
                                                  Chief Administrative Officer (principal executive officer) 
 
Date:         August 28, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         August 28, 2015