Form 4: Wells Fargo Entities Adjust Beneficial Ownership in BlackRock MuniHoldings California Quality Fund

Wells Fargo Bank, National Association transferred its holdings of BlackRock MuniHoldings California Quality Fund's variable rate muni term preferred shares to Wells Fargo Municipal Capital Strategies, LLC.

Summary

• Wells Fargo Bank, National Association (WFBNA) transferred 5,264 variable rate muni term preferred shares of BlackRock MuniHoldings California Quality Fund, Inc. (MUC) to Wells Fargo Municipal Capital Strategies, LLC (Capital Strategies).
• The transfer occurred on May 3, 2024, at a price of $100,000 per share.
• Following the transaction, Capital Strategies now directly owns the 5,264 VMTP Shares.
• Wells Fargo & Company holds an indirect interest in these securities through its ownership of Capital Strategies and WFBNA.
• The filing indicates that Wells Fargo, Capital Strategies, and WFBNA are jointly filing this statement and are 10% owners of the issuer.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing indicating a transfer of shares between subsidiaries of Wells Fargo. It doesn't convey any particularly positive or negative sentiment.

Industry Context

This filing reflects changes in the beneficial ownership of securities in a closed-end fund, BlackRock MuniHoldings California Quality Fund, Inc. Such filings are common and provide transparency into the holdings of major shareholders.

Related Party Transactions

• The transfer of shares from Wells Fargo Bank, National Association to Wells Fargo Municipal Capital Strategies, LLC is a related party transaction.

Stakeholder Impact

• The transfer of shares is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors of BlackRock MuniHoldings California Quality Fund, Inc.

Key Dates