SIT Investment Associates Amends Eaton Vance Muni Trust Filing

TL;DR

SIT Investment Associates updated their stake in CEV. Filing date 9/9/24.

AI Summary

SIT Investment Associates Inc. filed an amendment (SC 13D/A) on September 9, 2024, regarding their holdings in Eaton Vance California Municipal Income Trust (CEV). The filing indicates a change in their beneficial ownership as of September 5, 2024. Specific details on the nature of the change or the exact percentage of ownership are not provided in this excerpt.

Why It Matters

This amendment signals a potential shift in the investment strategy or ownership structure of the Eaton Vance California Municipal Income Trust, which could impact its market performance and investor relations.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D filings often indicate significant changes in beneficial ownership, which can lead to increased volatility or strategic shifts for the subject company.

Key Numbers

• 20240909 — Filing Date (Date the amendment was filed with the SEC)
• 20240905 — Date of Change (Date of the event requiring the filing)

Key Players & Entities

• SIT Investment Associates Inc. (company) — Filing entity
• Eaton Vance California Municipal Income Trust (company) — Subject company
• CEV (company) — Ticker symbol for subject company
• Paul E. Rasmussen (person) — Person authorized to receive notices

FAQ

Filing Documents

• sit240951_sch13da.htm (SC 13D/A) — 77KB
• 0000897101-24-000440.txt ( ) — 79KB

Interest in Securities of the Issuer

ITEM 5 Interest in Securities of the Issuer

of Schedule 13D is hereby amended to read as follows

Item 5 of Schedule 13D is hereby amended to read as follows: a) The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 7,033,575 Shares outstanding as of as of May 31, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Report on Form N-CSRS filed with the Securities Exchange Commission. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 300,164 Shares held in client accounts which represent 4.27% of the Issuer's outstanding Shares. b) Each of the Sit Entities may be deemed to have shared power to vote and dispose of such Shares. However, none of SIA's or SFI's directors or executive officers own Shares directly. c) Transactions in Shares by the Sit Entities in the last 60 days are set forth in Exhibit A. d) The clients of SIA and SFI have the right to participate in the receipt of dividends from, or proceeds from the sales of, the Shares held for their respective accounts. e) September 6, 2024.

Materials to be Filed as Exhibits

ITEM 7 Materials to be Filed as Exhibits Exhibit A: Schedule of Transactions in Shares by Sit Entities in the last 60 days. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. September 9, 2024 By: Sit Investment Associates, Inc. /s/ Roger J. Sit Name/Title: Roger J. Sit, Chairman & CEO By: Sit Fixed Income Advisors II, LLC /s/ Roger J. Sit Name/Title: Roger J. Sit, Chairman & CEO EXHIBIT A Schedule of Transactions in Shares by Sit Entities in the last 60 days: Date of Transaction Transaction Shares of Common Stock Price Per Share 08/08/2024 SELL 5,473 11.19 08/09/2024 SELL 231 11.21 08/15/2024 SELL 600 11.04 08/19/2024 SELL 3,815 10.97 08/20/2024 SELL 1,396 10.98 08/21/2024 SELL 3,935 11.00 08/22/2024 SELL 6,654 10.93 08/23/2024 SELL 8,617 10.92 08/26/2024 SELL 529 10.96 08/27/2024 SELL 796 10.92 08/28/2024 SELL 612 10.94 08/29/2024 SELL 3,434 10.90 08/30/2024 SELL 40,696 10.89 09/04/2024 SELL 2,657 10.97 09/05/2024 SELL 10,692 11.01

View Full Filing

View this SC 13D/A filing on SEC EDGAR