Shareholder Approvals: BlackRock Advisors announced that shareholders approved the reorganization or merger of several closed-end funds during meetings held on October 15 and November 20, 2025.
Details of Reorganizations: The reorganization involves merging eight municipal closed-end funds into four acquiring funds, with expected completion in February 2026, pending customary closing conditions.
Non-Taxable Events: The reorganizations are anticipated to be non-taxable events, occurring based on the relative net asset values of each fund's common shares at the time of the reorganization.
Investor Information: BlackRock will provide monthly updates on fund performance and other material information on its website, encouraging investors to check for the latest data regarding the funds.
Wall Street analysts forecast BFZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BFZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast BFZ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BFZ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 11.020
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Current: 11.020
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About BFZ
BlackRock California Municipal Income Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular United States federal income and California income taxes. The Trust seeks to achieve its investment objective by investing primarily in municipal obligations exempt from United States federal income taxes (except that the interest may be subject to the federal alternative minimum tax) and California income taxes. The Trust invests approximately 80% of its assets in municipal obligations that are investment-grade quality. The Trust may invest directly in such securities or synthetically through the use of derivatives. The Trust invests in various sectors, including health, utilities, transportation, education, housing, state, tobacco and corporate. The Trust's investment advisor is BlackRock Advisors, LLC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
