Five things to watch in markets in the week ahead
Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 136,042 shares of common stock on September 8, 2025. The shares were sold at a price of $10.69, with the transaction amounting to $1,454,288. The trust, currently valued at $322.28 million, offers investors a notable 6.62% dividend yield and has maintained dividend payments for 25 consecutive years, according to InvestingPro data.
Following the transaction, Saba Capital Management, L.P. still owns 3,107,408 shares of Blackrock California Municipal Income Trust. The fund demonstrates relatively low volatility with a beta of 0.59, making it potentially attractive for risk-averse investors. InvestingPro subscribers can access 4 additional key insights about BFZ’s financial health and market position. Boaz Weinstein is also listed as a reporting owner.
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