SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
WELLS FARGO & COMPANY/MN
(Last) (First) (Middle)
420 MONTGOMERY STREET
(Street)
SAN FRANCISCO CA 94104
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BLACKROCK CALIFORNIA MUNICIPAL INCOME TRUST [ BFZ ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/03/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series W-7 Variable Rate Muni Term Preferred Shares 05/03/2024 J(1)(2) 1,713 D(1) (1) 1,713 I By Subsidiary(2)(3)
Series W-7 Variable Rate Muni Term Preferred Shares 05/03/2024 J(1)(2) 1,713 A(1) (1) 1,713 I By Subsidiary(2)(3)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
WELLS FARGO & COMPANY/MN
(Last) (First) (Middle)
420 MONTGOMERY STREET
(Street)
SAN FRANCISCO CA 94104
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Wells Fargo Municipal Capital Strategies, LLC
(Last) (First) (Middle)
30 HUDSON YARDS
(Street)
NEW YORK NY 10001
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WELLS FARGO BANK N A
(Last) (First) (Middle)
101 NORTH PHILLIPS AVENUE
(Street)
SIOUX FALLS SD 57104
(City) (State) (Zip)
Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The 1,713 variable rate muni term preferred shares reported in Table I represent variable rate muni term preferred shares of the Issuer (the "VMTP Shares") that were beneficially owned by Wells Fargo Bank, National Association ("WFBNA"). The 1,713 VMTP Shares beneficially owned by WFBNA were transferred from WFBNA to Wells Fargo Municipal Capital Strategies, LLC ("Capital Strategies") for a purchase price of $100,000 per share and all VMTP Shares are now beneficially owned by Capital Strategies.
2. This statement is jointly filed by Wells Fargo & Company ("Wells Fargo"), Capital Strategies and WFBNA. Wells Fargo holds an indirect interest in the securities listed in Table I by virtue of its indirect ownership of its wholly owned subsidiaries Capital Strategies and WFBNA.
3. Each reporting person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) of the US Securities Exchange Act of 1934 or any other purpose, (i) acting (or has agreed or is agreeing to act together with any other person) as a partnership, limited partnership, syndicate or other group for the purpose of acquiring, holding or disposing of securities of the Issuer or otherwise with respect to the Issuer or any securities of the Issuer or (ii) a member of any group with respect to the Issuer or any securities of the Issuer.
Remarks:
Exhibits Index Exhibit 99.1 - Joint Filing Agreement Exhibit 99.2 - Joint Filer Information
WELLS FARGO & COMPANY, by: /s/ Patricia Arce 05/07/2024
WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC, by: /s/ Alejandro Piekarewicz 05/07/2024
WELLS FARGO BANK, NATIONAL ASSOCIATION, by: /s/ Alejandro Piekarewicz 05/07/2024
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

 

EXHIBIT 99.1

 

JOINT FILING AGREEMENT

 

 

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date set forth below.

 

Date: May 7, 2024

WELLS FARGO & COMPANY

 

 

 

 

 

 

 

By:

/s/ Patricia Arce

 

 

Name: Patricia Arce

 

 

Title: Designated Signer

 

 

 

 

 

 

 

Wells Fargo Municipal Capital Strategies, LLC

 

 

 

 

 

 

 

By:

/s/ Alejandro Piekarewicz

 

 

Name: Alejandro Piekarewicz

 

 

Title: Vice President

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Alejandro Piekarewicz

 

 

Name: Alejandro Piekarewicz

 

 

Title: Director

 

 

 

 

 

 

 

EXHIBIT 99.2

 

JOINT FILER INFORMATION

 

Item

 

Information

Name:

 

Wells Fargo Municipal Capital Strategies, LLC

Address:

 

30 Hudson Yards

New York, New York 10001

 

Date of Event Requiring Statement (Month/Day/Year):

 

 

May 3, 2024

Issuer Name and Ticker or Trading Symbol:

 

 

BlackRock California Municipal Income Trust (BFZ)

Relationship of Reporting Person(s) to Issuer:

 

 

10% Owner

If Amendment, Date Original Filed (Month/Day/Year):

 

 

Not Applicable

Individual or Joint/Group Filing:

 

 

Form filed by More than One Reporting Person

Signature:

 

WELLS FARGO MUNICIPAL CAPITAL STRATEGIES, LLC

 

 

By: /s/ Alejandro Piekarewicz
Name: Alejandro Piekarewicz

Title: Vice President

Date: May 7, 2024

 

 

 

 

 

 

 

Item

 

Information

Name:

 

Wells Fargo Bank, National Association

Address:

 

101 North Phillips Avenue

Sioux Falls, SD 57104

 

Date of Event Requiring Statement (Month/Day/Year):

 

 

May 3, 2024

Issuer Name and Ticker or Trading Symbol:

 

 

BlackRock California Municipal Income Trust (BFZ)

Relationship of Reporting Person(s) to Issuer:

 

 

10% Owner

If Amendment, Date Original Filed (Month/Day/Year):

 

 

Not Applicable

Individual or Joint/Group Filing:

 

 

Form filed by More than One Reporting Person

Signature:

 

WELLS FARGO bank, national association

 

 

By: /s/ Alejandro Piekarewicz
Name: Alejandro Piekarewicz

Title: Director

Date: May 7, 2024

 

 

 

EXHIBIT 99.1

 

JOINT FILING AGREEMENT

 

 

Pursuant to and in accordance with the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the rules and regulations thereunder, each party hereto hereby agrees to the joint filing, on behalf of each of them, of any filing required by such party under Section 13 or Section 16 of the Exchange Act or any rule or regulation thereunder (including any amendment, restatement, supplement, and/or exhibit thereto) with the Securities and Exchange Commission (and, if such security is registered on a national securities exchange, also with the exchange), and further agrees to the filing, furnishing, and/or incorporation by reference of this agreement as an exhibit thereto. This agreement shall remain in full force and effect until revoked by any party hereto in a signed writing provided to each other party hereto, and then only with respect to such revoking party.

IN WITNESS WHEREOF, each party hereto, being duly authorized, has caused this agreement to be executed and effective as of the date set forth below.

 

Date: May 7, 2024

WELLS FARGO & COMPANY

 

 

 

 

 

 

 

By:

/s/ Patricia Arce

 

 

Name: Patricia Arce

 

 

Title: Designated Signer

 

 

 

 

 

 

 

Wells Fargo Municipal Capital Strategies, LLC

 

 

 

 

 

 

 

By:

/s/ Alejandro Piekarewicz

 

 

Name: Alejandro Piekarewicz

 

 

Title: Vice President

 

 

 

 

 

WELLS FARGO BANK, NATIONAL ASSOCIATION

 

 

 

 

 

 

 

By:

/s/ Alejandro Piekarewicz

 

 

Name: Alejandro Piekarewicz

 

 

Title: Director

 

 

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