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Saba Capital Management, L.P., a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 51,268 shares of common stock on August 13, 2025. The shares were sold at a price of $10.59, for a total transaction value of $542,928. The trust, with a market capitalization of $318.67 million, currently offers an attractive dividend yield of 6.69% and has maintained dividend payments for 25 consecutive years, according to InvestingPro data.
Following the transaction, Saba Capital Management, L.P. still owns 3,829,150 shares of Blackrock California Municipal Income Trust. Boaz Weinstein is also listed as a reporting owner in the Form 4 filing. The trust’s shares demonstrate relatively low volatility with a beta of 0.57 and are currently trading near their 52-week low of $10.17. InvestingPro subscribers can access additional insights, including 4 more key tips about BFZ’s financial health and market position.
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