Nuveen California Dividend Advantage Municipal Fund (the Fund) is a closed-end management investment company. The 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. The Fund invests at least 80% of its net assets in investment-grade quality municipal bonds. Investment grade quality bonds are those rated by national rating agencies with the four highest grades (Baa or BBB or better), or bonds that are unrated but judged to be of comparable quality by the Fund's investment adviser. The Fund's investment advisor is Nuveen Asset Management, a wholly owned subsidiary of Nuveen Investments, Inc.