Overview
Description
Eaton Vance California Municipal Income Trust is a closed-end municipal bond fund that focuses on generating current income exempt from regular federal income tax and California state personal income taxes. The fund primarily invests in investment-grade debt securities issued by California state and local entities, including education, housing, hospital, transportation, water and sewer, and utility-related projects. Its portfolio is designed to provide exposure to the California municipal market while emphasizing tax-advantaged income for investors. Managed by Eaton Vance Management, the trust is part of the firm’s municipal income lineup and uses a closed-end structure that can trade independently of the value of its underlying holdings. Eaton Vance California Municipal Income Trust serves as a specialized fixed-income vehicle within the broader municipal bond market, with a clear focus on California’s public finance sector.
About
Instrument type
Closed-end fund
Country
United States
MIC code
IEXG