BlackRock Advisors, LLC has announced the completion of a corporate reorganization involving the BlackRock California Municipal Income Trust $(BFZ)$. As part of the restructuring, BFZ has been merged with and into the BlackRock MuniHoldings California Quality Fund, Inc. $(MUC)$. This move is part of a broader consolidation of several BlackRock municipal closed-end funds aimed at enhancing long-term shareholder value. Shareholders of BFZ have received MUC shares based on the relative net asset values of the funds at the time of the merger. Additionally, MUC has adopted a Discount Management Program to provide periodic liquidity events if certain conditions are met.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock California Municipal Income Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20260209155153) on February 09, 2026, and is solely responsible for the information contained therein.