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Saba capital sells Blackrock California (BFZ) shares for $279944

Published 10/07/2025, 15:28
Saba capital sells Blackrock California (BFZ) shares for $279944
BFZ
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Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 25849 shares of common stock on July 9, 2025. The shares were sold at a price of $10.83, totaling $279944. The trust, currently valued at $327 million in market capitalization, offers investors a substantial 6.54% dividend yield and has maintained consistent dividend payments for 25 consecutive years. According to InvestingPro analysis, BFZ typically exhibits low price volatility, with a beta of 0.58.

Following the transaction, Saba Capital Management, L.P. directly owns 4629832 shares of Blackrock (NYSE:BLK) California Municipal Income Trust. Want deeper insights into BFZ’s dividend sustainability and financial health? InvestingPro subscribers have access to over 30 additional financial metrics and analysis tools.

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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