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BlackRock California Municipal Income Trust (BFZ)

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

Data as of Aug. 18, 2022
Market Price $11.72 (+ $0.04)
NAV (Aug. 18, 2022) $13.18 (- $0.02)
Fund Listed NYSE
Premium / Discount -11.08% (+0.44%)
Fund Info
Inception July 27, 2001
Sponsor BlackRock Advisors
Website www.blackrock.com/inve...
Phone 1-800-882-0052
Location Delaware
Incorporated Delaware
Staggered Board Yes
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 31,118,483
Total Assets (Reported: Jan. 31, 2022) $803M
Estimated Total Assets $688M
Net Assets $410M
Market Cap $365M
Portfolio Turnover 22.00%
Total Leverage 40.42%
Structural Leverage (out of total) 62.89%
Portfolio Leverage (out of total) 37.11%
Expense Ratio 1.50%
Non Lev Exp Ratio 1.00%
Rel Lev Cost 0.73%
Discount Data
Average Discount (3 Yr) -11.56%
Discount Low(3 Yr) -23.82%
Discount High(3 Yr) -6.28%
Discount Rel Range 72.64%
Comp Discount -9.31
Discount St Dev (1Yr) 2.44
Z-Stat (6mo) 1.92
Z-Stat (1Yr) -0.15
Z-Stat (3Yr) 0.19
Comp Z-Stat (6mo) 0.50
Comp Z-Stat (3Yr) -0.03
Distribution Data
Market Yield 4.40%
Income Yield 4.40%
Lev Adj NAV Yield 2.79%
Distribution Frequency M
Current Distribution $0.043
Current Income $0.043
Ex-Date 8/12/22
Payable Date 9/1/22
Div Growth (3yr) 3.61%
Dividend Change 13.2% on 3/1/21
Expected Div 9/1/22
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (K) $1,023
Avg Volume 30 day 73,532
Avg Volume 90 day 87,247
Volume Trend -15.72%
Comp Volume Trend 4.56%
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): NBW 85.0%
NAV - Price Correlation (30 d) 75.9%
NAV - Price Correlation (90 d) 95.7%
NAV - Price Correlation (1 Yr) 99.1%
Price St Dev (1Yr) 11.3%
NAV St Dev (1Yr) 7.3%
Earnings / Share (6/30/22) $0.039
Earn Coverage 89.77%
Earnings Trend Down
UNII / Share (6/30/22) $0.061
Rel UNII 11.88
UNII Trend Down
Bond Specific Data
Maturity 29.20
Duration 15.26
Credit Rating (rbo) AA
Investment Grade 88.83%
Non Investment Grade 1.32%
Unrated Bonds 9.85%
Average Bond Price 92.14
Discount vs Price -18.94
Coupon 4.34%
Zero Coupon 1.16%
AMT 9.41%
AMT Yield 4.29%
Bond Calls Risk 0.25%
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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