Blackrock California Municipal Income Trust
Market Movers (8-K)
BlackRock California Municipal Income Trust and Saba Capital Management have entered into a standstill agreement, resolving a shareholder proposal and setting the stage for cooperation until 2027.
Insider Trading (Form 4)
A BlackRock director exchanged shares of the California Municipal Income Trust for shares in the MuniHoldings California Quality Fund following a fund reorganization.
Saba Capital Management, a 10% owner of BlackRock California Municipal Income Trust, reported sales of common stock totaling 60,573 shares in mid-September 2025.
Worse than expected
Saba Capital Management, a 10% owner and director, reported sales of BlackRock California Municipal Income Trust common stock totaling 48,970 shares.
Worse than expected
Saba Capital Management, a 10% owner, reported a planned sale of over 136,000 shares of BlackRock California Municipal Income Trust common stock.
Worse than expected
Saba Capital Management, a 10% owner and director, reported selling over 367,000 shares of BlackRock California Municipal Income Trust (BFZ) in early September 2025.
Worse than expected
Saba Capital Management, a 10% owner and director, reported sales of BlackRock California Municipal Income Trust common stock totaling 49,671 shares in early September 2025.
Proxy Statements (Def-14A)
BlackRock California Municipal Income Trust urges shareholders to vote for a fund combination expected to boost yield and lower expenses.
Better than expected
BlackRock California Municipal Income Trust is urging shareholders to contact its service provider regarding an important matter before an upcoming meeting.
BlackRock California Municipal Income Trust (BFZ) shareholders are urged to vote on a proposed fund combination expected to increase after-tax yield and reduce expenses.
Better than expected
Delay expected
BlackRock California Municipal Income Trust and BlackRock MuniHoldings California Quality Fund, Inc. have revised the voting requirement for the issuance of Acquiring Fund common shares.
Capital raise
BlackRock California Municipal Income Trust proposes a reorganization with BlackRock MuniHoldings California Quality Fund and introduces a discount management program.
Better than expected
BlackRock California Municipal Income Trust is urging shareholders to contact its solicitor, Georgeson LLC, by October 15, 2025, regarding an unspecified important investment matter.
Schedule 13D - Activist Investments
Saba Capital Management and its affiliates have reduced their beneficial ownership in Blackrock California Municipal Income Trust to 4.75%.
Worse than expected
Saba Capital Management, L.P. and its affiliates have updated their beneficial ownership in Blackrock California Municipal Income Trust, reporting a 5.76% stake.
Saba Capital Management, L.P. has reduced its beneficial ownership in Blackrock California Municipal Income Trust, selling over 379,000 shares.
Worse than expected
Saba Capital Management, L.P. and its affiliates have filed an Amendment No. 17 to Schedule 13D, reporting a decrease in their beneficial ownership of Blackrock California Municipal Income Trust common shares to 8.59% through open market sales.
Worse than expected
Saba Capital Management, L.P. and affiliates reported a reduction in their beneficial ownership of Blackrock California Municipal Income Trust common shares to 9.7% following recent open market sales.
Saba Capital Management and affiliates have reduced their beneficial ownership in Blackrock California Municipal Income Trust to 10.79% through recent open market sales.
Worse than expected