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BlackRock California Municipal Income Trust sees $604,692 in stock sales

Published 05/02/2025, 15:46
BlackRock California Municipal Income Trust sees $604,692 in stock sales
BFZ
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NEW YORK—Saba Capital Management, L.P., and Boaz Weinstein, both ten percent owners, disclosed significant sales of BlackRock (NYSE:BLK) California Municipal Income Trust (NYSE:BFZ) shares, according to a recent SEC filing. The $340.62 million market cap fund, known for its impressive 6.27% dividend yield and 25-year history of consistent dividend payments, has demonstrated remarkable stability with a beta of 0.53. The transactions, which took place on February 3 and February 4, involved the sale of a combined total of 53,560 shares at a consistent price of $11.29 per share. This resulted in a total transaction value of $604,692.

Following these sales, the owners reported a remaining balance of 4,923,631 shares. These transactions were executed indirectly, as indicated in the filing.

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