Welcome to our dedicated page for Eaton Vance California Municipal Income Trust SEC filings (Ticker: CEV), 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.
Eaton Vance California Municipal Income Trust filings document the regulatory record for a closed-end municipal income fund with common shares of beneficial interest listed on NYSE American under CEV. Recent Form 8-K disclosures address Board of Trustees governance, including chairperson succession and board size changes, alongside the fund's registered share class and exchange listing.
For this fund issuer, SEC filings also frame capital-structure, listing-status and shareholder-governance disclosures relevant to its closed-end fund structure and California municipal income mandate.
Eaton Vance California Municipal Income Trust (CEV) focuses on generating tax-exempt income from California municipal bonds while using leverage through residual interest bond financing. For the 12 months ended November 30, 2025, the Fund returned 0.79% at net asset value, lagging the 2.64% gain of the Bloomberg Municipal Bond Index, though the market price return was 4.59% as shares traded at a 6.42% discount to NAV.
The portfolio is concentrated in California general obligation and education-related municipal bonds, with total investments of about $117.8 million and net assets of $78.9 million. Leverage via residual interest bond financing was 32.31% of total assets, boosting income but also adding volatility. Net investment income was $3.07 million, essentially offset by realized and unrealized losses.
The Fund paid total distributions of $0.60 per share during the year, with a distribution rate at NAV of 5.35% and a taxable-equivalent distribution rate of 11.66%, supported mainly by tax-exempt income plus a return of capital component. The adviser reports no material changes to the Fund’s objectives or principal strategies since the prior year and highlights ongoing risks from interest rates, credit quality, leverage, and California-specific economic conditions.
The filing amends prior Schedule 13D disclosures to report that Saba Capital Management, L.P., together with Saba Capital Management GP, LLC and Boaz R. Weinstein, beneficially own 336,013 common shares of Eaton Vance California Municipal Income Trust (CEV), equal to 4.78% of the outstanding shares based on 7,033,575 shares outstanding as of May 31, 2025. The reporting persons state approximately $3,633,548 was paid to acquire the shares and that funds came from investor subscriptions, capital appreciation and margin borrowings. The filing indicates shared voting and dispositive power over the 336,013 shares and incorporates a Schedule A for open-market transactions occurring between the prior amendment and October 1, 2025.
Eaton Vance California Municipal Income Trust reported a board leadership change. Effective August 27, 2025, the Board of Trustees appointed Scott E. Wennerholm as Chairperson of the Board for a 4-year term. He replaces Susan J. Sutherland, who had served as acting Chairperson since August 9, 2025 following the passing of the former Chairperson of the Board. This is a governance update and does not change the fund’s stated securities listing or structure.
Eaton Vance California Municipal Income Trust reported that its Board chairperson, Mark R. Fetting, unexpectedly passed away on August 9, 2025. Susan J. Sutherland is now serving as acting Chairperson of the Board. Effective August 12, 2025, the Board reduced its size from ten to nine members, reflecting the vacancy created by Mr. Fetting’s passing.
Eaton Vance California Municipal Income Trust (CEV) is the subject of Amendment No. 9 to a Schedule 13D/A filed by Saba Capital Management, Saba Capital Management GP, LLC and Boaz R. Weinstein. The Reporting Persons jointly disclose beneficial ownership of 364,458 common shares, equal to 5.18% of the class based on 7,033,575 shares outstanding as disclosed by the issuer. The filing states approximately $3,941,144 was paid to acquire the reported shares, with funds coming from investor subscriptions, capital appreciation and margin borrowings. The Reporting Persons report shared voting and dispositive power over the shares and list Item 4 (purpose) as Not Applicable. The amendment updates Items 3, 5 and 7 and incorporates open-market transactions in Schedule A.
Amendment No. 7 to Schedule 13D filed on 06/30/2025 reveals that Saba Capital Management, L.P., its general partner Saba Capital Management GP, LLC, and portfolio manager Boaz R. Weinstein (together, the “Reporting Persons”) now beneficially own 565,481 common shares of Eaton Vance California Municipal Income Trust (ticker CEV), representing 8.04 % of the fund’s outstanding shares (7,033,575 as of 12/30/24).
• Voting/Dispositive power: All shares are held with shared voting and shared dispositive power; none are held solely.
• Cost basis: Approximately $6.11 million was paid to acquire the position, funded through investor subscriptions, capital appreciation and ordinary-course margin borrowings.
• Amended items: The filing updates Items 3 (Source of Funds), 5 (Interest in Securities) and 7 (Exhibits).
The Reporting Persons have not stated a specific purpose for the investment (Item 4 marked “Not Applicable”) and report no related contracts, arrangements or legal proceedings. Transactions executed within the 60-day window preceding 06/27/2025 are detailed in Schedule A (not included in the excerpt).
This 13D (rather than a passive 13G) formally discloses an ownership level above the 5 % threshold, giving Saba Capital the status of an “insider” under Section 13 of the Exchange Act and providing it the ability to influence corporate actions subject to future disclosures.