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BlackRock California Municipal Income Trust (BFZ)

Single State Muni Bond Funds - California (CA) Municipal Bond

Data as of Sept. 29, 2023
Market Price $10.29 (- $0.01)
NAV (Sept. 29, 2023) $11.90 (+ $0.12)
Fund Listed NYSE
Premium / Discount -13.53% (-0.97%)
Fund Info
Inception July 27, 2001
Sponsor BlackRock Advisors
Phone 1-800-882-0052
Location Delaware
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Current income exempt from regular US federal income and California income taxes; Investment grade municipal obligations
Related Indexes
California Municipal Index
Capital & Leverage
Outstanding Shares 30,246,415
Total Assets (Reported: Jan. 31, 2023) $617M
Estimated Total Assets $556M
Net Assets $360M
Market Cap $311M
Portfolio Turnover 75.00%
Total Leverage 35.26%
Structural Leverage (out of total) 82.98%
Portfolio Leverage (out of total) 17.02%
Expense Ratio 2.74%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 3.23%
Discount Data
Average Discount (3 Yr) -11.23%
Discount Low(3 Yr) -16.24%
Discount High(3 Yr) -6.28%
Discount Rel Range (3 Yr) 27.21%
Comp Discount -0.43
Discount St Dev (1Yr) 2.26
Z-Stat (6mo) -2.10
Z-Stat (1Yr) -0.64
Z-Stat (3Yr) -0.94
Comp Z-Stat (6mo) -0.09
Comp Z-Stat (3Yr) 0.78
Distribution Data
Market Yield 4.55%
Income Yield 4.55%
Lev Adj NAV Yield 2.91%
Distribution Frequency M
Current Distribution $0.039
Current Income $0.039
Ex-Date 9/14/23
Payable Date 10/2/23
Div Growth (3yr) 2.63%
Dividend Change 14.7% on 2/1/23
Expected Div 10/2/23
RoC (1yr) 0.00%
RoC (3yr) 0.45%
Volume & Liquidity
Average Daily $ (K) $758
Avg Volume 30 day 84,085
Avg Volume 90 day 73,712
Volume Trend 14.07%
Comp Volume Trend -7.88%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's California Municipal Index
Most Correlated Peer (Mk Pr): NAC 86.0%
NAV - Price Correlation (30 d) 93.6%
NAV - Price Correlation (90 d) 92.9%
NAV - Price Correlation (1 Yr) 83.4%
Price St Dev (1Yr) 10.0%
NAV St Dev (1Yr) 7.6%
Earnings / Share (8/31/23) $0.027
Earn Coverage 68.21%
Earnings Trend Down
UNII / Share (8/31/23) $0.019
Rel UNII 4.15
UNII Trend Down
Bond Specific Data
Maturity 27.62
Duration 13.87
Credit Rating (rbo) AA
Investment Grade 94.13%
Non Investment Grade 0.04%
Unrated Bonds 5.83%
Average Bond Price 99.73
Discount vs Price -13.80
Coupon 4.44%
Zero Coupon 0.59%
AMT 14.50%
AMT Yield 4.36%
Bond Calls Risk 0.00%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's California Municipal Index

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NOTES: Distribution type sourced from For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

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