BlackRock California Municipal Income Trust (NYSE:BFZ) Major Shareholder Saba Capital Management, L.P. Sells 136,042 Shares of Stock

Posted by Danessa Lincoln on Sep 10th, 2025

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) major shareholder Saba Capital Management, L.P. sold 136,042 shares of the stock in a transaction that occurred on Monday, September 8th. The stock was sold at an average price of $10.69, for a total transaction of $1,454,288.98. Following the completion of the sale, the insider directly owned 3,107,408 shares of the company’s stock, valued at $33,218,191.52. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

On Friday, September 5th, Saba Capital Management, L.P. sold 348,451 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.57, for a total value of $3,683,127.07.
On Thursday, September 4th, Saba Capital Management, L.P. sold 18,965 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.46, for a total transaction of $198,373.90.
On Wednesday, September 3rd, Saba Capital Management, L.P. sold 27,906 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $10.43, for a total value of $291,059.58.
On Tuesday, September 2nd, Saba Capital Management, L.P. sold 21,765 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.39, for a total value of $226,138.35.
On Tuesday, August 26th, Saba Capital Management, L.P. sold 20,760 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $10.36, for a total value of $215,073.60.
On Monday, August 25th, Saba Capital Management, L.P. sold 18,180 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.36, for a total value of $188,344.80.
On Wednesday, August 20th, Saba Capital Management, L.P. sold 8,384 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $10.35, for a total value of $86,774.40.
On Tuesday, August 19th, Saba Capital Management, L.P. sold 51,242 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $10.38, for a total transaction of $531,891.96.
On Friday, August 15th, Saba Capital Management, L.P. sold 18,585 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.52, for a total transaction of $195,514.20.
On Thursday, August 14th, Saba Capital Management, L.P. sold 45,262 shares of BlackRock California Municipal Income Trust stock. The shares were sold at an average price of $10.57, for a total transaction of $478,419.34.

BlackRock California Municipal Income Trust Trading Up 0.7%

Shares of BFZ opened at $10.77 on Wednesday. BlackRock California Municipal Income Trust has a one year low of $10.17 and a one year high of $12.23. The company’s fifty day moving average price is $10.55 and its 200 day moving average price is $10.76.

BlackRock California Municipal Income Trust Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, October 1st. Investors of record on Monday, September 15th will be given a dividend of $0.059 per share. This represents a c) annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Trading of BlackRock California Municipal Income Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in shares of BlackRock California Municipal Income Trust in the fourth quarter worth $138,000. Ameriprise Financial Inc. boosted its holdings in BlackRock California Municipal Income Trust by 247.4% in the 4th quarter. Ameriprise Financial Inc. now owns 69,484 shares of the company’s stock valued at $778,000 after purchasing an additional 49,484 shares during the period. Bank of America Corp DE grew its position in BlackRock California Municipal Income Trust by 128.9% in the 4th quarter. Bank of America Corp DE now owns 120,469 shares of the company’s stock worth $1,349,000 after purchasing an additional 67,829 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in BlackRock California Municipal Income Trust in the 4th quarter worth $150,000. Finally, Elequin Capital LP bought a new position in shares of BlackRock California Municipal Income Trust during the 4th quarter worth about $52,000.

BlackRock California Municipal Income Trust Company Profile

(Get Free Report)

BlackRock California Municipal Income Trust is a closed ended fixed income mutual fund launched by BlackRock, Inc It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds that are exempt from regular federal and California income taxes.