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Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 46,385 shares of common stock at a price of $10.83 on July 14, 2025. The total value of the sale amounted to $502,349. The trust, with a market capitalization of $324.39 million, maintains a notable 6.57% dividend yield and has consistently paid dividends for 25 consecutive years. According to InvestingPro, BFZ’s financial health score is rated as GOOD, with the stock typically exhibiting low price volatility.
Following the transaction, Saba Capital Management, L.P. still owns 4,554,826 shares of Blackrock (NYSE:BLK) California Municipal Income Trust. The sale was disclosed in a Form 4 filing with the Securities and Exchange Commission. For more detailed insights and additional ProTips on BFZ’s financial performance, visit InvestingPro.
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