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Saba Capital Management, a ten percent owner of BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST (NYSE:BFZ), reported selling 66,275 shares of common stock over two days, according to a Form 4 filing with the Securities and Exchange Commission. The $324.39 million market cap trust, which boasts a notable 6.56% dividend yield and has maintained dividend payments for 25 consecutive years, currently shows a GOOD financial health score according to InvestingPro data. The sales, which occurred on June 26 and June 27, 2025, amounted to a total value of $716826.
On June 26, Saba Capital sold 35,213 shares at a price of $10.83 per share. The following day, June 27, the firm sold an additional 31,062 shares at $10.80 per share. Following these transactions, Saba Capital Management still owns 4,736,654 shares.
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