Welcome to our dedicated page for BlackRock CA Municipal Income SEC filings (Ticker: BFZ), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
blackrock's business is investing on behalf of our clients, from large institutions to parents and grandparents, doctors and teachers who entrust their savings to us. we work only for our clients—period. our promise is to offer them the clearest thinking about what to do with their money and the products and services they need to secure a better financial future. that's why investors of all kinds have made us the world’s largest asset manager, entrusting us with trillions of dollars, and it’s why companies, institutions and global governments come to us for help meeting their biggest financial challenges. important disclosures: http://www.blackrock.com/corporate/en-us/compliance/social-media-guidelinesSaba Capital Management, L.P. and individual reporting person Boaz Weinstein filed a Form 4 disclosing non-derivative sales of BlackRock California Municipal Income Trust common stock. The filings show a sale of 72,550 shares on 08/07/2025 at $10.61 and a sale of 27,450 shares on 08/08/2025 at $10.58. After these transactions the reporting persons are shown as indirectly beneficially owning 3,902,195 shares.
BFZ Form 4: On 5-6 Aug 2025, 10% owner Saba Capital Management LP, led by Boaz Weinstein, sold 32,498 and 67,985 BlackRock California Municipal Income Trust common shares at average prices of $10.56 and $10.59. The 100,483-share sale trims Saba’s position by about 2.5%, leaving 4,002,195 shares still held indirectly, enough to maintain 10%-plus ownership. No derivative securities were involved.
SEC Form 4 filed 08/05/2025 shows that 10% owner Saba Capital Management, L.P. (controlled by Boaz Weinstein) sold 30,440 BFZ common shares on 08/04/2025 at $10.56. After the sale the filer still indirectly holds 4,102,678 shares of BlackRock California Municipal Income Trust. No derivative security activity or other transactions were reported. The filing is a joint submission by Saba Capital and Weinstein.
Saba Capital Management, L.P., together with its GP and founder Boaz R. Weinstein, filed Amendment No. 12 to Schedule 13D disclosing a 14.1 % stake (4,239,487 common shares) in BlackRock California Municipal Income Trust (BFZ). The position, worth roughly $46.4 million, was accumulated with investor capital and ordinary-course margin borrowings. All shares are held with shared voting and dispositive power; none are held solely by the reporting parties.
The percentage ownership is based on 30,063,645 shares outstanding as stated in BFZ’s 5/22/25 proxy. Transactions occurred in the open market between the last amendment (7/15/25) and the event date (7/29/25); details are incorporated by reference in Schedule A.
Key implications for investors:
- The 14 % stake positions Saba—an activist closed-end fund specialist—to influence BFZ’s strategy, distribution policy or discount-management initiatives.
- No immediate plans or proposals were disclosed, but the size of the holding surpasses the 10 % threshold often associated with activist engagement.
- Financing via margin accounts indicates normal trading leverage, not a control transaction.
Form 4 filings dated 8/4/2025 disclose that activist investor Saba Capital Management, L.P. and its principal Boaz Weinstein—both 10% owners of BlackRock California Municipal Income Trust (BFZ)—sold shares in two open-market transactions.
- 7/31/2025: 40,918 shares sold at $10.43; post-sale holding: 4,165,585 shares.
- 8/01/2025: 32,467 shares sold at $10.49; post-sale holding: 4,133,118 shares.
The combined disposal of 73,385 shares represents roughly 1.7 % of Saba’s prior position, leaving the group with more than 4.1 million shares and continued 10 %-plus ownership. No derivative transactions were reported. The filing signals modest portfolio trimming rather than a strategic exit.
Form 4 filing for BlackRock California Municipal Income Trust (BFZ) reports a small insider sale by 10% owner Saba Capital Management, L.P., controlled by portfolio manager Boaz Weinstein.
- Transaction: On 07/30/2025 the fund sold 32,984 common shares at $10.39.
- Remaining stake: 4,206,503 shares held indirectly after the sale; the reported block represents <1% of Saba’s position, so the firm retains its >10% ownership status.
- Filers: Saba Capital Management, L.P. and Boaz Weinstein (both checked as 10% owners); filing signed 07/31/2025 by Zachary Gindes for Saba and Weinstein individually.
No derivative positions were disclosed. The filing indicates routine portfolio adjustment rather than a large divestiture.
Saba Capital Management LP and its founder Boaz Weinstein, both classified as 10 % owners of BlackRock California Municipal Income Trust (BFZ), filed a Form 4 reporting two open-market sales.
- 07/24/2025: 43,268 shares sold at $10.44
- 07/25/2025: 30,813 shares sold at $10.42
The combined 74,081-share disposition represents roughly 1.7 % of their prior position. Following the trades, the reporting persons still beneficially own 4,318,559 shares, preserving their >10 % ownership. No derivative securities were involved and no other corporate events were disclosed.
Form 4 filing (BFZ) — insider activity
Saba Capital Management, L.P. and founder Boaz Weinstein, both classified as 10% owners of BlackRock California Municipal Income Trust, reported two open-market sales totalling 107,686 common shares.
- 22 Jul 2025: 44,878 shares sold at $10.48
- 23 Jul 2025: 62,808 shares sold at $10.44
After the dispositions, the reporting persons retain 4,392,640 shares, implying the divestiture reduced their stake by roughly 2.4 %.
No derivative securities were involved and the group remains a significant (>10 %) holder. The transactions may reflect routine portfolio rebalancing rather than a fundamental shift, but investors often monitor such insider sales for sentiment clues.
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