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Saba Capital Management, L.P. sells Blackrock California shares worth $230k

Published 12/08/2025, 15:30
Saba Capital Management, L.P. sells Blackrock California shares worth $230k
BFZ
-0.38%

Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 21,777 shares of common stock on August 11, 2025. The shares were sold at a price of $10.59, totaling $230,618. The transaction comes as BFZ trades near its 52-week low of $10.17, with the stock currently offering a substantial 6.69% dividend yield. According to InvestingPro, BFZ has maintained dividend payments for 25 consecutive years.

Following the transaction, Saba Capital Management, L.P. still owns 3,880,418 shares of the company, representing a significant position in the $318.67M market cap trust. Boaz Weinstein is also listed as a reporting owner. InvestingPro analysis reveals 5 additional key insights about BFZ’s financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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