nq2.htm



 
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:         12/31/14         
 
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 (Unaudited)
      
           
   
Nuveen New York Municipal Value Fund, Inc. (NNY)
      
   
December 31, 2014
      
 
 
 
          
Principal
 Amount (000)
  
Description (1)
Optional Call
 Provisions (2)
Ratings (3)
Value
   
LONG-TERM INVESTMENTS 100.4% (100.0% of Total Investments)
      
           
   
MUNICIPAL BONDS 100.4% (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
$ 280,052
   
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
2,040,675
   
Series 2007A, 5.000%, 12/01/23
      
2,225
  
Total Consumer Discretionary
    
2,320,727
   
Consumer Staples – 2.1% (2.1% of Total Investments)
      
500
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
6/16 at 100.00
B
499,805
   
Refunding Series 2006A-2, 5.250%, 6/01/26
      
875
  
Nassau County Tobacco Settlement Corporation, New York, Tobacco Settlement Asset-Backed Bonds,
6/16 at 100.00
B
739,874
   
Series 2006A-3, 5.000%, 6/01/35
      
85
  
New York Counties Tobacco Trust II, Tobacco Settlement Pass-Through Bonds, Series 2001,
6/15 at 100.00
A1
85,115
   
5.250%, 6/01/25
      
705
  
New York Counties Tobacco Trust III, Tobacco Settlement Pass-Through Bonds, Series 2003,
6/15 at 100.00
A1
704,993
   
5.750%, 6/01/33
      
35
  
Rensselaer Tobacco Asset Securitization Corporation, New York, Tobacco Settlement Asset-Backed
6/15 at 100.00
A1
34,261
   
Bonds, Series 2001A, 5.200%, 6/01/25
      
   
TSASC Inc., New York, Tobacco Asset-Backed Bonds, Series 2006:
      
705
  
4.750%, 6/01/22
6/16 at 100.00
BBB–
705,000
345
  
5.000%, 6/01/26
6/16 at 100.00
BB–
345,241
240
  
5.125%, 6/01/42
6/16 at 100.00
B
201,079
3,490
  
Total Consumer Staples
    
3,315,368
   
Education and Civic Organizations – 17.1% (17.1% of Total Investments)
      
275
  
Albany Industrial Development Agency, New York, Revenue Bonds, Albany Law School, Series
7/17 at 100.00
BBB
285,494
   
2007A, 5.000%, 7/01/31
      
415
  
Albany Industrial Development Agency, New York, Revenue Bonds, Brighter Choice Charter
4/17 at 100.00
BB+
416,809
   
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–
1,594,579
   
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
780,420
   
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
1,154,560
1,250
  
5.000%, 6/01/43
6/24 at 100.00
Aa2
1,430,013
90
  
Cattaraugus County Industrial Development Agency, New York, Revenue Bonds, St. Bonaventure
5/16 at 100.00
BBB–
93,206
   
University, Series 2006, 5.000%, 5/01/23
      
1,175
  
Dormitory Authority of the State of New York, General Revenue Bonds, Manhattan College, Series
7/17 at 100.00
N/R
1,213,704
   
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–
463,173
   
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–
1,217,890
   
Technology, Series 2007, 5.250%, 7/01/34 – FGIC Insured
      
505
  
Dormitory Authority of the State of New York, Lease Revenue Bonds, State University Dormitory
7/15 at 100.00
Aa2
515,499
   
Facilities, Series 2004A, 5.000%, 7/01/29 – NPFG Insured
      
525
  
Dormitory Authority of the State of New York, Revenue Bonds, New School University, Series
7/20 at 100.00
A–
596,421
   
2010, 5.250%, 7/01/30
      
280
  
Dormitory Authority of the State of New York, Revenue Bonds, St. Joseph’s College, Series
7/20 at 100.00
Baa3
303,811
   
2010, 5.250%, 7/01/35
      
2,170
  
Dutchess County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bard
8/17 at 100.00
Ba1
2,197,733
   
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
333,258
   
Project, Series 2013, 5.000%, 9/01/43
      
880
  
Hempstead Town Local Development Corporation, New York, Revenue Bonds, Molloy College Project,
7/19 at 100.00
BBB
985,899
   
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+
1,145,320
1,000
  
6.000%, 6/01/34
6/21 at 100.00
BBB+
1,132,400
3,000
  
Monroe County Industrial Development Corporation, New York, Revenue Bonds, University of
7/21 at 100.00
AA–
3,332,310
   
Rochester Project, Series 2011B, 5.000%, 7/01/41
      
   
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+
1,550,580
1,175
  
4.750%, 1/01/42 – AMBAC Insured
1/17 at 100.00
BB+
1,200,051
   
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
1,632,250
800
  
4.750%, 3/01/46 – NPFG Insured
9/16 at 100.00
AA–
817,512
170
  
Seneca County Industrial Development Authority, New York, Revenue Bonds, New York Chiropractic
10/17 at 100.00
BBB
177,803
   
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
1,498,895
   
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–
330,222
   
Series 2010A, 5.125%, 9/01/40
      
24,280
  
Total Education and Civic Organizations
    
26,399,812
   
Financials – 1.4% (1.4% of Total Investments)
      
1,705
  
New York Liberty Development Corporation, Revenue Bonds, Goldman Sachs Headquarters Issue,
No Opt. Call
A
2,121,276
   
Series 2007, 5.500%, 10/01/37
      
   
Health Care – 9.5% (9.4% of Total Investments)
      
990
  
Albany Industrial Development Agency, New York, Revenue Bonds, Saint Peter’s Hospital, Series
11/17 at 100.00
A+
1,101,761
   
2008D, 5.750%, 11/15/27
      
1,005
  
Dormitory Authority of the State of New York, FHA-Insured Mortgage Revenue Bonds, Montefiore
2/15 at 100.00
AA–
1,008,879
   
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
1,058,909
   
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
2/15 at 100.00
AA–
702,674
   
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
A2
393,081
   
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
1,213,181
565
  
6.125%, 12/01/29
12/18 at 100.00
Ba1
627,896
1,155
  
6.250%, 12/01/37
12/18 at 100.00
Ba1
1,275,386
2,350
  
Dormitory Authority of the State of New York, Revenue Bonds, Memorial Sloan Kettering Cancer
7/16 at 100.00
AA
2,473,892
   
Center, Series 2006-1, 5.000%, 7/01/35
      
510
  
Dormitory Authority of the State of New York, Revenue Bonds, New York and Presbyterian
2/15 at 100.00
AA
513,560
   
Hospital, Series 2004A, 5.250%, 8/15/15 – AGM Insured
      
2,100
  
Dormitory Authority of the State of New York, Revenue Bonds, NYU Hospitals Center, Series
7/20 at 100.00
A–
2,427,600
   
2011A, 6.000%, 7/01/40
      
290
  
Livingston County Industrial Development Agency, New York, Civic Facility Revenue Bonds,
1/15 at 100.00
BB
290,287
   
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+
287,708
260
  
5.500%, 2/01/32
2/17 at 100.00
BB+
266,612
295
  
Suffolk County Economic Development Corporation, New York, Revenue Bonds, Catholic Health
7/21 at 100.00
BBB+
326,305
   
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,
1/15 at 100.00
B+
500,920
   
Series 2001A, 7.125%, 7/01/31
      
155
  
Yonkers Industrial Development Agency, New York, Revenue Bonds, St. John’s Riverside Hospital,
1/15 at 100.00
B+
155,285
   
Series 2001B, 7.125%, 7/01/31
      
13,560
  
Total Health Care
    
14,623,936
   
Housing/Multifamily – 1.7% (1.7% of Total Investments)
      
270
  
East Syracuse Housing Authority, New York, FHA-Insured Section 8 Assisted Revenue Refunding
4/15 at 100.00
AA
270,840
   
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+
1,076,590
   
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+
1,321,125
   
Series 2009M, 5.150%, 11/01/45
      
2,520
  
Total Housing/Multifamily
    
2,668,555
   
Housing/Single Family – 0.6% (0.6% of Total Investments)
      
925
  
New York State Mortgage Agency, Homeowner Mortgage Revenue Bonds, Series 130, 4.650%, 4/01/27
4/15 at 100.00
Aa1
927,692
   
(Alternative Minimum Tax)
      
   
Industrials – 1.7% (1.6% of Total Investments)
      
100
  
Build New York City Resource Corporation, New York, Solid Waste Disposal Revenue Bonds, Pratt
1/25 at 100.00
N/R
103,502
   
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
2,448,418
   
Center Project, Class 1 Series 2014, 5.000%, 11/15/44
      
2,450
  
Total Industrials
    
2,551,920
   
Long-Term Care – 1.9% (1.9% of Total Investments)
      
435
  
Dormitory Authority of the State of New York, GNMA Collateralized Revenue Bonds, Cabrini of
2/17 at 103.00
AA+
462,153
   
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
Ba3
270,473
   
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,
7/15 at 100.00
N/R
135,529
   
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
622,645
   
Project, Series 2006A, 6.000%, 11/15/36
      
100
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
1/15 at 100.00
N/R
100,214
   
Needs Facilities Pooled Program, Series 2000, 8.125%, 7/01/19
      
195
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
1/15 at 100.00
N/R
196,819
   
Needs Facilities Pooled Program, Series 2001A-1, 7.250%, 7/01/16
      
640
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/16 at 101.00
N/R
633,478
   
Needs Facilities Pooled Program, Series 2008A-1, 5.500%, 7/01/18
      
235
  
Suffolk County Industrial Development Agency, New York, Civic Facility Revenue Bonds, Special
7/16 at 101.00
N/R
237,627
   
Needs Facilities Pooled Program, Series 2008-B1, 5.800%, 7/01/23
      
225
  
Yonkers Industrial Development Agency, New York, Civic Facilities Revenue Bonds, Special Needs
7/16 at 101.00
N/R
221,906
   
Facilities Pooled Program Bonds, Series 2008-C1, 5.800%, 7/01/23
      
2,845
  
Total Long-Term Care
    
2,880,844
   
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
5,354,524
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
1,190,970
35
  
New York City, New York, General Obligation Bonds, Fiscal Series 2005F-1, 5.000%, 9/01/19 –
9/15 at 100.00
AA
36,113
   
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
2,958,467
8,560
  
Total Tax Obligation/General
    
9,540,074
   
Tax Obligation/Limited – 22.3% (22.2% of Total Investments)
      
395
  
Dormitory Authority of the State of New York, Department of Health Revenue Bonds, Series
7/15 at 100.00
AA
404,662
   
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:
      
820
  
5.750%, 7/01/18
No Opt. Call
AA
892,406
1,400
  
6.000%, 7/01/20
No Opt. Call
AA
1,652,308
2,290
  
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds, General
No Opt. Call
AAA
2,613,989
   
Purpose Series 2012D, 5.000%, 2/15/37
      
6,540
  
Dormitory Authority of the State of New York, State Sales Tax Revenue Bonds, Series 2014A,
No Opt. Call
AAA
7,651,015
   
5.000%, 3/15/44
      
1,500
  
Metropolitan Transportation Authority, New York, Dedicated Tax Fund Bonds, Series 2009B,
11/19 at 100.00
AA
1,694,775
   
5.000%, 11/15/34
      
560
  
Monroe Newpower Corporation, New York, Power Facilities Revenue Bonds, Series 2003,
1/15 at 100.00
A–
563,237
   
5.500%, 1/01/34
      
1,200
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/17 at 100.00
AA
1,288,740
   
Series 2007S-2, 5.000%, 1/15/28 – FGIC Insured
      
1,500
  
New York City Transitional Finance Authority, New York, Building Aid Revenue Bonds, Fiscal
1/19 at 100.00
AA
1,679,520
   
Series 2009-S5, 5.250%, 1/15/39
      
1,680
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
5/23 at 100.00
AAA
1,928,052
   
Fiscal 2013 Series I, 5.000%, 5/01/38
      
1,225
  
New York City Transitional Finance Authority, New York, Future Tax Secured Bonds, Subordinate
2/24 at 100.00
AAA
1,427,505
   
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
2,328,333
   
Series 2008A, 5.000%, 12/15/27 (UB)
      
865
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
AA+
895,232
   
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+
1,293,569
   
5.000%, 4/01/27
      
2,450
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Series 2005B, 5.500%,
No Opt. Call
AA+
2,947,742
   
4/01/20 – AMBAC Insured (UB) (4)
      
600
  
New York State Urban Development Corporation, Special Project Revenue Bonds, University
No Opt. Call
AA
723,006
   
Facilities Grants, Series 1995, 5.875%, 1/01/21
      
20,000
  
Puerto Rico Sales Tax Financing Corporation, Sales Tax Revenue Bonds, Series 2007A, 0.000%,
No Opt. Call
AA–
3,191,400
   
8/01/43 – NPFG Insured
      
1,000
  
Sales Tax Asset Receivable Corporation of New York City, New York, Sales Tax Asset Revenue
10/24 at 100.00
AAA
1,230,000
   
Bonds, Fiscal 2015 Series A, 5.000%, 10/15/29
      
47,300
  
Total Tax Obligation/Limited
    
34,405,491
   
Transportation – 13.8% (13.7% of Total Investments)
      
3,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2008A,
11/17 at 100.00
AA–
3,281,910
   
5.250%, 11/15/36
      
3,500
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2012E,
No Opt. Call
AA–
3,913,280
   
5.000%, 11/15/42
      
1,100
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2013E,
11/23 at 100.00
AA–
1,278,123
   
5.000%, 11/15/31
      
2,000
  
Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Series 2014B,
5/24 at 100.00
AA–
2,342,920
   
5.250%, 11/15/38
      
1,500
  
New York City Industrial Development Agency, New York, Civic Facility Revenue Bonds, Bronx
10/17 at 102.00
N/R
554,700
   
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,
6/15 at 100.00
BB
1,603,424
   
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
1,043,150
   
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
732,235
   
Terminal One Group JFK Project, Series 2005, 5.500%, 1/01/24 (Alternative Minimum Tax)
      
1,000
  
New York City Industrial Development Agency, New York, Special Facility Revenue Bonds, JetBlue
5/15 at 100.00
B
1,000,270
   
Airways Corporation Project, Series 2006, 5.125%, 5/15/30 (Alternative Minimum Tax)
      
660
  
New York Liberty Development Corporation, New York, Liberty Revenue Bonds, 4 World Trade
11/21 at 100.00
A+
733,821
   
Center Project, Series 2011, 5.000%, 11/15/44
      
325
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Forty
8/17 at 100.00
AA
449,280
   
Eighth Series 2008, Trust 2920, 17.814%, 8/15/32 – AGM Insured (IF)
      
1,575
  
Port Authority of New York and New Jersey, Consolidated Revenue Bonds, One Hundred Seventy
12/23 at 100.00
AA–
1,811,171
   
Ninth Series 2013, 5.000%, 12/01/43
      
   
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
236,086
1,160
  
6.000%, 12/01/36
12/20 at 100.00
BBB
1,354,184
780
  
Triborough Bridge and Tunnel Authority, New York, General Purpose Revenue Bonds, Refunding
No Opt. Call
AA–
949,845
   
Subordinate Lien Series 2002E, 5.500%, 11/15/20 – NPFG Insured
      
20,125
  
Total Transportation
    
21,284,399
   
U.S. Guaranteed – 5.3% (5.3% of Total Investments) (6)
      
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)
1,878,637
   
Hospital, Series 2005, 4.900%, 8/15/31 (Pre-refunded 8/15/15)
      
870
  
Dormitory Authority of the State of New York, Judicial Facilities Lease Revenue Bonds, Suffolk
No Opt. Call
Aaa
927,472
   
County Issue, Series 1986, 7.375%, 7/01/16 (ETM)
      
   
Dormitory Authority of the State of New York, State Personal Income Tax Revenue Bonds,
      
   
Series 2005F:
      
260
  
5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
3/15 at 100.00
Aa1 (6)
262,616
15
  
5.000%, 3/15/21 (Pre-refunded 3/15/15) – AGM Insured
3/15 at 100.00
AAA
15,151
265
  
Hempstead Town Industrial Development Agency, New York, Revenue Bonds, Adelphi University,
10/15 at 100.00
A (6)
274,569
   
Civic Facility Project, Series 2005, 5.000%, 10/01/35 (Pre-refunded 10/01/15)
      
1,690
  
New York City Housing Development Corporation, New York, Capital Fund Program Revenue Bonds,
7/15 at 100.00
AA+ (6)
1,730,137
   
New York Housing Authority Program, Series 2005A, 5.000%, 7/01/25 (Pre-refunded 7/01/15) –
      
   
FGIC Insured
      
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)
2,028,666
   
(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)
32,191
   
(Pre-refunded 8/01/16)
      
   
New York State Housing Finance Agency, State Personal Income Tax Revenue Bonds, Economic
      
   
Development and Housing, Series 2006A:
      
75
  
5.000%, 3/15/36 (Pre-refunded 9/15/15)
9/15 at 100.00
N/R (6)
77,576
765
  
5.000%, 3/15/36 (Pre-refunded 9/15/15)
9/15 at 100.00
AAA
791,278
135
  
New York State Thruway Authority, Highway and Bridge Trust Fund Bonds, Second General, Series
10/15 at 100.00
N/R (6)
139,926
   
2005B, 5.000%, 4/01/21 (Pre-refunded 10/01/15) – AMBAC Insured
      
7,895
  
Total U.S. Guaranteed
    
8,158,219
   
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
1,112,050
   
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
100,873
   
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–
1,583,850
1,500
  
5.000%, 12/01/24 – FGIC Insured
6/16 at 100.00
AA–
1,581,870
250
  
Long Island Power Authority, New York, Electric System General Revenue Bonds, Series 2006B,
6/16 at 100.00
A–
263,270
   
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–
151,421
   
5.000%, 9/01/44
      
400
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2011A,
5/21 at 100.00
A–
441,808
   
5.000%, 5/01/38
      
1,250
  
Long Island Power Authority, New York, Electric System Revenue Bonds, Series 2012A,
No Opt. Call
A–
1,387,037
   
5.000%, 9/01/37
      
1,000
  
Nassau County Industrial Development Authority, New York, Keyspan Glenwood Energy Project,
6/15 at 100.00
A–
1,003,870
   
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+
2,574,486
   
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
26,041
   
11/15/19 – FGIC Insured
      
495
  
Suffolk County Industrial Development Agency, New York, Revenue Bonds, Nissequogue
1/15 at 100.00
N/R
495,064
   
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
5,288,351
1,100
  
5.000%, 12/15/41
12/23 at 100.00
AAA
1,287,176
15,675
  
Total Utilities
    
17,297,167
   
Water and Sewer – 4.1% (4.1% of Total Investments)
      
2,000
  
New York City Municipal Water Finance Authority, New York, Water and Sewer System Revenue
No Opt. Call
AAA
2,290,460
   
Bonds, Fiscal 2009 Series 2008A, 5.750%, 6/15/40
      
1,000
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
2/22 at 100.00
AAA
1,140,090
   
Master Financing, Series 2012B, 5.000%, 2/15/42
      
2,500
  
New York State Environmental Facilities Corporation, Revenue Bonds, State Revolving Funds
5/23 at 100.00
AAA
2,898,775
   
Master Financing, Series 2013B, 5.000%, 5/15/43
      
5,500
  
Total Water and Sewer
    
6,329,325
$ 159,055
  
Total Long-Term Investments (cost $144,858,316)
    
154,824,805
   
Floating Rate Obligations – (2.1)%
    
(3,255,000)
   
Other Assets Less Liabilities – 1.7%
    
2,564,601
   
Net Assets Applicable to Common Shares – 100%
    
$ 154,134,406
 
 
 
 
 
 
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
$—
154,824,805
$ —
$154,824,805
 
 
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 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 December 31, 2014, the cost of investments was $141,206,317.
 
Gross unrealized appreciation and gross unrealized depreciation of investments as of December 31, 2014, were as follows:
 
   
Gross unrealized:
  
Appreciation
$11,068,273
Depreciation
(706,866)
Net unrealized appreciation (depreciation) of investments
$10,361,407
 
 
     
(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.
 
 
 
 
 
 
 
 
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:         February 27, 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:         February 27, 2015        
 
By (Signature and Title)     /s/ Stephen D. Foy                              
                                                   Stephen D. Foy
                                                  Vice President and Controller (principal financial officer) 
 
Date:         February 27, 2015