M&A - BLACKROCK MUNIHOLDINGS CALIFORNIA QUALITY FUND, INC.

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Form Type: N-14 8C

Filing Date: 2025-07-16

Corporate Action: Merger

Type: New

Accession Number: 000119312525159953

Filing Summary: On July 16, 2025, BlackRock MuniHoldings California Quality Fund, Inc. filed a registration statement under Form N-14 regarding the proposed reorganization and merger of BlackRock California Municipal Income Trust (BFZ) into BlackRock MuniHoldings California Quality Fund, Inc. (MUC). This special shareholder meeting is scheduled for October 15, 2025, where shareholders of both funds will vote on the Agreement and Plan of Reorganization. The merger aims to combine assets and liabilities, terminating BFZ's registration under the Investment Company Act of 1940, leading to its liquidation. The merging funds possess similar investment objectives and strategies, promising operational efficiencies and reduced expenses. The reorganization expects to benefit shareholders through lower expense ratios and improved earnings yields. Shareholders are urged to consider voting in favor of the merger, which is seen as in the best interests of both funds' investors, ensuring shareholder support and participation at the meeting is crucial.

Additional details:

Approximate Date Of Proposed Public Offering: As soon as practicable after the effective date of this Registration Statement.

Joint Special Meeting Date: 2025-10-15

Target Fund: BlackRock California Municipal Income Trust (BFZ)

Acquiring Fund: BlackRock MuniHoldings California Quality Fund, Inc. (MUC)

Reorganization Agreement: Approval of Agreement and Plan of Reorganization between BFZ and MUC.

Vote Importance: Your vote is important. Attendance at the Special Meeting will be limited to shareholders as of August [●], 2025.

Funds Management: Managed by BlackRock Advisors, LLC.

Merger Impact: Expected benefits include lower expense ratios and improved earnings yield.

Shareholder Classes: Common and preferred shareholders of both funds will vote on different proposals.

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