BlackRock California Municipal Income Trust: Saba Capital Sells 136,042 Shares

BlackRock California Municipal Income Trust (BFZ) has announced that Saba Capital Management, L.P., a 10% owner of the company, has sold 136,042 shares at a price of $10.69 per share on September 8, 2025.

BlackRock California Municipal Income Trust (BFZ) has seen significant recent activity with the sale of shares by a major owner and the declaration of a monthly dividend. On September 8, 2025, Saba Capital Management, L.P., a 10% owner of the company, sold 136,042 shares at a price of $10.69 per share. This transaction may indicate a strategic move or a response to market conditions, but the exact reasons remain unspecified.

In addition to the share sale, BlackRock California Municipal Income Trust has declared a monthly dividend of $0.059 per share, effective October 1, 2025. The dividend is payable to shareholders of record as of September 15, 2025, and the ex-dividend date is also September 15, 2025. This dividend represents a forward yield of 6.81%, reflecting the company's commitment to providing income to its shareholders BlackRock California Municipal Income Trust declares $0.059 dividend^[1].

The combination of these events underscores the ongoing financial health and strategic considerations of BlackRock California Municipal Income Trust. Investors should closely monitor the company's performance and future announcements for further insights into its financial direction.

References:
BlackRock California Municipal Income Trust declares $0.059 dividend^[1] https://seekingalpha.com/news/4491717-blackrock-california-municipal-income-trust-declares-0059-dividend