BlackRock California Municipal Income Trust (NYSE:BFZ) Major Shareholder Sells $261,466.98 in Stock

Posted by Tammy Falkenburg on Sep 14th, 2025

BlackRock California Municipal Income Trust (NYSE:BFZ – Get Free Report) major shareholder Saba Capital Management, L.P. sold 24,054 shares of BlackRock California Municipal Income Trust stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $10.87, for a total transaction of $261,466.98. Following the sale, the insider directly owned 3,058,438 shares of the company’s stock, valued at $33,245,221.06. This represents a 0.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Tuesday, September 9th, Saba Capital Management, L.P. sold 24,916 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.77, for a total transaction of $268,345.32.
On Monday, September 8th, Saba Capital Management, L.P. sold 136,042 shares of BlackRock California Municipal Income Trust stock. The stock was sold at an average price of $10.69, for a total transaction of $1,454,288.98.
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 transaction 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 stock was sold at an average price of $10.43, for a total transaction 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 transaction 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 stock was sold at an average price of $10.36, for a total transaction 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 transaction 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 stock was sold at an average price of $10.35, for a total transaction 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 stock was sold at an average price of $10.38, for a total transaction of $531,891.96.

BlackRock California Municipal Income Trust Price Performance

Shares of NYSE BFZ opened at $10.96 on Friday. The company’s fifty day moving average is $10.55 and its 200-day moving average is $10.75. BlackRock California Municipal Income Trust has a twelve month low of $10.17 and a twelve month high of $12.23.

BlackRock California Municipal Income Trust Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Monday, September 15th will be given a dividend of $0.059 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Monday, September 15th.

Institutional Investors Weigh In On BlackRock California Municipal Income Trust

Several institutional investors have recently added to or reduced their stakes in BFZ. Elequin Capital LP bought a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at $52,000. Shufro Rose & Co. LLC bought a new stake in BlackRock California Municipal Income Trust in the 1st quarter valued at $110,000. NewEdge Advisors LLC bought a new stake in BlackRock California Municipal Income Trust in the 2nd quarter valued at $124,000. Dymon Asia Capital Singapore PTE. LTD. bought a new stake in BlackRock California Municipal Income Trust in the 2nd quarter valued at $129,000. Finally, Jane Street Group LLC bought a new stake in BlackRock California Municipal Income Trust in the 4th quarter valued at $138,000.

About BlackRock California Municipal Income Trust

(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.