secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Vance California Municipal Income Trust (CEV)
CIK:        0001074692
Form:       8-K
Filed at:   2023-02-01T23:59:59+00:00
Accession:  0000940394-23-000226
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eaton Vance California Municipal Income Trust Board Exempts Control Share Acquisitions Following Court Ruling
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- Board voted to exempt on a going forward basis all prior and new purchases that might be deemed Control Share Acquisitions from the control share by-law.
- Decision follows Massachusetts Superior Court ruling on Jan 23, 2023 that the by-law violates Section 18(i) of the Investment Company Act of 1940.
- Court granted Saba Capital's claim for rescission of the by-law but found Board had legitimate business reason for adopting it.
- Litigation with Saba Capital Master Fund, Ltd. is ongoing in Massachusetts Superior Court.
- Exemption applies to 24 Eaton Vance closed-end funds, including CEV, EVM, EOI, EOS, EFT, EVV, and others.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1074692/000094039423000226/0000940394-23-000226-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1074692/000094039423000226/cev8k.htm
  HTML page:      https://secwatch.observer/filing/0000940394-23-000226

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