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Saba Capital sells $223k in Blackrock California Municipal (BFZ)

Published 21/07/2025, 16:24
Saba Capital sells $223k in Blackrock California Municipal (BFZ)
BFZ
0.19%

Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 21,180 shares of common stock on July 18, 2025. The shares were sold at a price of $10.56, totaling $223,660. The transaction comes as BFZ trades near its 52-week low of $10.17, while maintaining its impressive 6.7% dividend yield. According to InvestingPro, the fund has maintained dividend payments for 25 consecutive years.

Following the transaction, Saba Capital Management, L.P. indirectly owns 4,521,581 shares of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST.

Boaz Weinstein, also listed as a ten percent owner, signed the report. Zachary Gindes signed on behalf of Saba Capital Management, L.P.

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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