Eaton Vance California Municipal Income Trust. Stock Analysis CEV

Eaton Vance California Municipal Income Trust is a US-based company operating in industry. The company is headquartered in Boston, Massachusetts. Eaton Vance California Municipal Income Trust (the Trust) is a non-diversified, closed-end management investment company. The Trust's investment objective is to provide current income exempt from regular federal income tax and California state personal income taxes. The Trust may invest in residual interest bonds, also referred to as inverse floating rate securities, whereby the Trust may sell a variable or fixed rate bond for cash to a special-purpose vehicle (the SPV), while at the same time, buying a residual interest in the assets and cash flows of the SPV. The Trust invests primarily in debt securities issued by California municipalities. The Trust invests in various sectors, which includes general obligations, hospital, transportation, insured-general obligations, insured-transportation, education, insured-escrowed/pre-refunded, housing, electric utilities, and water and sewer. The Trust’s investment adviser is Eaton Vance Management.