Closed-end management investment company investing in California municipal bonds.
BlackRock California Municipal Income Trust operates as a closed-ended fixed income mutual fund managed by BlackRock Advisors, LLC and launched by BlackRock, Inc. Established on July 31, 2001, the fund focuses on investing in the fixed income markets, specifically targeting investment grade municipal bonds. These bonds are selected for their exemption from regular federal and California income taxes, making them particularly attractive to investors seeking tax-efficient investment opportunities within the state.
The investment strategy of BlackRock California Municipal Income Trust revolves around generating income through a diversified portfolio of municipal bonds issued within California. Municipal bonds typically fund local public projects such as infrastructure improvements, schools, and hospitals, supported by revenue streams derived from local taxes or fees. By investing in these bonds, the fund aims to provide stable income distributions to its shareholders while taking advantage of the tax benefits associated with municipal bond interest.
As part of BlackRock's extensive lineup of investment products, BlackRock California Municipal Income Trust underscores the firm's commitment to providing tailored investment solutions to meet the specific needs of investors seeking exposure to California municipal bonds. Managed by BlackRock Advisors, LLC, the fund leverages the firm's expertise in fixed income investing and municipal bond markets, aiming to deliver consistent returns and tax advantages to its shareholders over the long term.