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 California Municipal Income Trust's SEC filings provide detailed transparency into the fund's municipal bond holdings, investment strategy, and financial condition. As a closed-end fund, BFZ files regular reports with the Securities and Exchange Commission that reveal the specific California municipal bonds held in the portfolio, their credit ratings, maturity profiles, and geographic distribution across the state.
The fund's semi-annual reports (N-CSR) and annual reports (N-CSR) offer comprehensive portfolio schedules showing every bond position, allowing investors to evaluate credit exposure across different California municipalities, school districts, water authorities, and other issuers. These filings also detail the fund's use of leverage, derivative positions, expense ratios, and performance metrics. For closed-end fund investors, the discount or premium to net asset value becomes a key consideration, and these reports provide the data needed to calculate this relationship.
Form 4 filings track insider transactions by fund directors and officers, revealing when those closest to the fund's operations choose to buy or sell shares. Proxy statements (DEF 14A) disclose director compensation, fund expenses, and governance matters that shareholders vote on. Our AI-powered summaries explain complex municipal bond disclosures, translating technical bond terminology and credit analysis into accessible insights for investors evaluating this California-focused tax-exempt income fund.
Form 4 highlights for BFZ (BlackRock California Municipal Income Trust): On 07/21/2025, 10% owner Saba Capital Management, L.P.—controlled by Boaz Weinstein—sold 21,255 common shares at $10.51 per share (Transaction Code “S”). After the sale, Saba’s indirect position fell to 4,500,326 shares. No derivative securities were reported. The filing was jointly signed by Saba partner Zachary Gindes and Boaz Weinstein on 07/22/2025.
The disposal represents ≈0.5% of Saba’s prior stake and does not alter its status as a ≥10% beneficial owner. No other insiders or transactions were disclosed, and the form contains no commentary on business outlook, earnings, or additional corporate events.
BlackRock California Municipal Income Trust (BFZ) – Insider Transaction. A Form 4 filed 21-Jul-2025 shows 10% owner Saba Capital Management, L.P., together with its principal Boaz Weinstein, sold 21,180 common shares of BFZ on 18-Jul-2025 at $10.56 per share.
The transaction reduced Saba’s indirect position from 4,542,761 to 4,521,581 shares, a decline of roughly 0.47 % of its reported holdings. No derivative securities were involved and no additional purchases or sales were disclosed.
Because Saba remains well above the 10 % ownership threshold, the filing signals only a minor trimming rather than a strategic exit. Investors may view the sale as routine portfolio rebalancing; however, any continued selling by such a large holder could increase free float and apply modest downward pressure on BFZ’s market price.
Form 4 filed on 07/15/2025 shows that 10 % owner Saba Capital Management, L.P., represented by Boaz Weinstein, sold 46,385 common shares of BlackRock California Municipal Income Trust (BFZ) on 07/14/2025 at $10.83 per share. Following the sale, the reporting group still controls 4,554,826 shares, held indirectly, and therefore remains a >10 % beneficial owner. No derivative securities were reported. The disposition represents roughly 1 % of the filer’s prior position, indicating a modest portfolio adjustment rather than a strategic exit.
BlackRock California Municipal Income Trust (BFZ) – Form 4 filing
Saba Capital Management, L.P., together with its founder Boaz Weinstein, reported an open-market sale of BFZ common shares on 07/09/2025. The Schedule I entry shows the disposition (Transaction Code “S”) of 25,849 shares at $10.83 per share. Following the transaction, Saba continues to hold 4,629,832 shares, reported as indirectly owned. Both filers are classified as 10% owners, indicating they remain significant stakeholders despite the modest reduction (≈0.6% of their reported position).
No derivative transactions were reported, and there were no additional acquisitions or multiple trade dates disclosed. Signatures were provided on 07/10/2025 by Zachary Gindes on behalf of Saba Capital and by Boaz Weinstein individually.
On 07/07/2025, Saba Capital Management, L.P. and its principal, Boaz Weinstein, each classified as a 10% owner of BlackRock California Municipal Income Trust (BFZ), filed a Form 4 disclosing the sale of 3,054 common shares at $10.87 per share (transaction code S). After the trade, the group continues to hold 4,655,681 shares indirectly, leaving its overall economic exposure largely intact; the sale represents roughly 0.07 % of the reported position.
No derivative transactions were reported, and all other ownership details remain unchanged. The filing was executed on 07/08/2025 by Zachary Gindes on behalf of Saba Capital and separately by Boaz Weinstein.
BlackRock California Municipal Income Trust (BFZ) – Form 4
On 26-27 June 2025, 10 % owner Saba Capital Management L.P., represented by Boaz Weinstein, sold a combined 66,275 common shares of BFZ in two open-market transactions (transaction code “S”). Shares were disposed of at $10.83 and $10.80, producing roughly $0.72 million in gross proceeds.
Post-sale beneficial ownership declined from 4,767,716 to 4,736,654 shares, a reduction of about 1.4 %. Saba Capital remains a >10 % holder, and no derivative or additional insider transactions were reported.
The filing signals only a modest portfolio trim; there are no disclosed strategic changes or material corporate events accompanying the sales.
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