Filed
by BlackRock California Investment Quality Municipal Trust Inc.
pursuant
to Rule 425 of the Securities Act of 1933, as amended
and
deemed filed pursuant to Rule 14a-6
under
the Securities and Exchange Act of 1934, as amended
Subject
Company: BlackRock California Municipal Income Trust
Commission
File No. 811-10331
Contact:
1-800-882-0052
Certain
BlackRock California Tax-Exempt Closed-End Funds Announce
Adjournment
of
Meeting for Proposed Reorganization
New
York, October 26, 2009 – BlackRock Advisors, LLC announced today that the joint
special meeting of shareholders of BlackRock California Municipal Income Trust
II (NYSE Amex: BCL), BlackRock California Insured Municipal Income Trust (NYSE:
BCK), BlackRock California Municipal Bond Trust (NYSE: BZA), BlackRock
California Investment Quality Municipal Trust Inc. (NYSE Amex: RAA) and
BlackRock California Municipal Income Trust (NYSE: BFZ) was held today and has
been adjourned upon shareholder motion until November 30, 2009.
The
special meeting was adjourned to allow additional time to further solicit votes
in connection with the proposed reorganization of each of BCL, BCK, BZA and RAA
into BFZ, with BFZ being the surviving fund, as outlined in the Notice of Joint
Special Meeting of Shareholders previously mailed to shareholders. The
reconvened joint special meeting of shareholders of the funds will be held at
800 Scudders Mill Road, Plainsboro, New Jersey at 9:00 a.m. on November 30,
2009.
About
BlackRock
BlackRock
is one of the world’s largest publicly traded investment management firms.
At September 30, 2009, BlackRock’s assets under management was $1.435
trillion. The firm manages assets on behalf of institutions and
individuals worldwide through a variety of equity and balanced, fixed income,
cash management, alternative investment and advisory products. In
addition, a growing number of institutional investors use BlackRock Solutions investment
system, risk management and financial advisory services. Headquartered in
New York City, as of September 30, 2009, the firm has approximately 5,000
full-time employees in 21 countries and a major presence in key global markets,
including the United States, Europe, Asia, Australia and the Middle East. For
additional information, please visit the firm’s website at www.blackrock.com.
Forward-Looking
Statements
This
press release, and other statements that BlackRock or BCL, BCK, BZA, RAA or BFZ
(the “Funds”) may make, may contain certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act, with respect to the
future financial or business performance, strategies or expectations of
BlackRock or the Funds. Forward-looking statements are typically
identified by words or phrases such as “trend,” “potential,” “opportunity,”
“pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,”
“intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,”
“maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar
expressions.
BlackRock
cautions that forward-looking statements are subject to numerous assumptions,
risks and uncertainties, which change over time. Forward-looking
statements speak only as of the date they are made, and neither BlackRock nor
any of the Funds assumes a duty to or undertakes to update forward-looking
statements. Actual results could differ materially from those
anticipated in forward-looking statements and future results could differ
materially from historical performance.
With
respect to each Fund, the following factors, among others, could cause actual
events to differ materially from forward-looking statements or historical
performance: (1) changes in political,
economic
or industry conditions, the interest rate environment or financial and capital
markets, which could result in changes in the Fund’s net asset value; (2) the
performance of the Fund’s investments; (3) the impact of increased competition;
(4) the extent and timing of any Fund distributions or share repurchases; (5)
the impact of legislative and regulatory actions and reforms and regulatory,
supervisory or enforcement actions of government agencies relating to the Funds
or BlackRock, as applicable; and (6) BlackRock’s ability to attract and retain
highly talented professionals.
The
Annual and Semi-Annual Reports and other regulatory filings of the BlackRock
Closed-End Funds with the Securities and Exchange Commission (“SEC”) are
accessible on the SEC's web site at www.sec.gov and on BlackRock’s
web site at www.blackrock.com, and may
discuss these or other factors that affect the BlackRock Closed-End Funds. The
information contained on our web site is not a part of this press
release.
The
Joint Proxy Statement/Prospectus relating to the proposed reorganization
contains important information and shareholders are urged to read it. Free
copies of the Joint Proxy Statement/Prospectus are available by
calling BlackRock at (800) 882-0052 or on the SEC's web site at www.sec.gov.
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