Saba capital sells $474k in Blackrock California (BFZ)

Published 02/07/2025, 15:14
Saba capital sells $474k in Blackrock California (BFZ)

Saba Capital Management, a ten percent owner, reported selling 43,937 shares of Blackrock (NYSE:BLK) California Municipal Income Trust (NYSE:BFZ) on June 30, 2025. The shares were sold at a price of $10.8, for a total transaction value of $474,519. The stock, currently trading at $10.9, offers a notable 6.5% dividend yield and has maintained dividend payments for 25 consecutive years, according to InvestingPro data.

Following the transaction, Saba Capital Management directly owns 4,692,717 shares of the company, representing a significant position in this $327.69M market cap trust. InvestingPro analysis shows the trust maintains a GOOD financial health score, with additional insights available to subscribers.

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