UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
811-09157
Investment Company Act File Number
Eaton Vance California Municipal Income Trust
(Exact Name of Registrant as Specified in Charter)
Two International Place, Boston, Massachusetts 02110
(Address of Principal Executive Offices)
Maureen A. Gemma
Two International Place, Boston, Massachusetts 02110
(Name and Address of Agent for Services)
(617) 482-8260
(Registrant’s Telephone Number, Including Area Code)
November 30
Date of Fiscal Year End
August 31, 2016
Date of Reporting Period
Item 1. Schedule of Investments
Eaton Vance
California Municipal Income Trust
August 31, 2016
PORTFOLIO OF INVESTMENTS (Unaudited)
Tax-Exempt Municipal Securities — 149.0%
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Education — 11.2% |
||||||||
| California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/31 |
$ | 195 | $ | 232,360 | ||||
| California Educational Facilities Authority, (Harvey Mudd College), 5.25%, 12/1/36 |
330 | 393,225 | ||||||
| California Educational Facilities Authority, (Loyola Marymount University), 5.00%, 10/1/30 |
745 | 831,934 | ||||||
| California Educational Facilities Authority, (Santa Clara University), 5.00%, 9/1/23 |
1,600 | 1,943,344 | ||||||
| California Educational Facilities Authority, (University of San Francisco), 6.125%, 10/1/36 |
235 | 290,206 | ||||||
| California Educational Facilities Authority, (University of Southern California), 5.25%, 10/1/39 |
2,490 | 2,720,773 | ||||||
| California Educational Facilities Authority, (University of the Pacific), 5.00%, 11/1/30 |
630 | 736,023 | ||||||
| California Municipal Finance Authority, (University of San Diego), 5.00%, 10/1/31 |
415 | 486,496 | ||||||
| California Municipal Finance Authority, (University of San Diego), 5.00%, 10/1/35 |
285 | 334,559 | ||||||
| California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/26 |
810 | 967,318 | ||||||
| California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/27 |
850 | 1,007,267 | ||||||
| California Municipal Finance Authority, (University of San Diego), 5.25%, 10/1/28 |
895 | 1,054,820 | ||||||
| University of California, Prerefunded to 5/15/19, 5.25%, 5/15/39 |
895 | 1,006,517 | ||||||
|
|
|
|||||||
| $ | 12,004,842 | |||||||
|
|
|
|||||||
| Electric Utilities — 8.2% |
||||||||
| Chula Vista, (San Diego Gas and Electric), 5.875%, 2/15/34 |
$ | 270 | $ | 304,924 | ||||
| Los Angeles Department of Water and Power, Electric System Revenue, 5.25%, 7/1/32 |
2,170 | 2,357,662 | ||||||
| Northern California Power Agency, 5.25%, 8/1/24 |
1,500 | 1,714,860 | ||||||
| Sacramento Municipal Utility District, 5.00%, 8/15/27 |
995 | 1,180,349 | ||||||
| Sacramento Municipal Utility District, 5.00%, 8/15/28 |
1,335 | 1,582,269 | ||||||
| Southern California Public Power Authority, (Tieton Hydropower), 5.00%, 7/1/35 |
680 | 777,206 | ||||||
| Vernon, Electric System Revenue, 5.125%, 8/1/21 |
775 | 863,497 | ||||||
|
|
|
|||||||
| $ | 8,780,767 | |||||||
|
|
|
|||||||
| Escrowed/Prerefunded — 8.4% |
||||||||
| California Department of Water Resources, Prerefunded to 6/1/18, 5.00%, 12/1/29 |
$ | 715 | $ | 770,420 | ||||
| California Educational Facilities Authority, (Claremont McKenna College), Prerefunded to 1/1/19, 5.00%, 1/1/39 |
3,135 | 3,453,735 | ||||||
| California Health Facilities Financing Authority, (Providence Health System), Prerefunded to 10/1/18, 6.50%, 10/1/38 |
1,475 | 1,654,891 | ||||||
| California Statewide Communities Development Authority, (Southern California Presbyterian Homes), Prerefunded to 11/15/16, 4.75%, 11/15/26(1) |
175 | 176,563 | ||||||
| California Statewide Communities Development Authority, (Southern California Presbyterian Homes), Prerefunded to 11/15/16, 4.875%, 11/15/36(1) |
700 | 706,426 | ||||||
| Sacramento Municipal Utility District, Prerefunded to 8/15/21, 5.00%, 8/15/27 |
340 | 408,422 | ||||||
| Sacramento Municipal Utility District, Prerefunded to 8/15/21, 5.00%, 8/15/28 |
460 | 552,570 | ||||||
| Tustin Community Facilities District No. 07-1, Prerefunded to 9/1/17, 6.00%, 9/1/37 |
500 | 526,940 | ||||||
| University of California, Prerefunded to 5/15/19, 5.25%, 5/15/39 |
355 | 399,233 | ||||||
| Vernon, Electric System Revenue, Prerefunded to 8/1/19, 5.125%, 8/1/21 |
335 | 366,577 | ||||||
|
|
|
|||||||
| $ | 9,015,777 | |||||||
|
|
|
|||||||
| General Obligations — 29.1% |
||||||||
| California, 5.00%, 10/1/31 |
$ | 1,885 | $ | 2,370,746 | ||||
1
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| California, 5.50%, 11/1/35 |
$ | 1,600 | $ | 1,888,784 | ||||
| California, 6.00%, 4/1/38 |
750 | 850,088 | ||||||
| Escondido, 5.00%, 9/1/36 |
1,000 | 1,230,240 | ||||||
| Palo Alto, (Election of 2008), 5.00%, 8/1/40 |
3,655 | 4,202,336 | ||||||
| Redondo Beach Unified School District, (Election of 2012), 4.00%, 8/1/40 |
1,000 | 1,132,890 | ||||||
| San Bernardino Community College District, 4.00%, 8/1/30 |
2,890 | 3,263,590 | ||||||
| San Dieguito Union High School District, (Election of 2012), 4.00%, 8/1/30 |
1,545 | 1,778,125 | ||||||
| San Jose-Evergreen Community College District, (Election of 2010), 5.00%, 8/1/35 |
860 | 1,038,416 | ||||||
| San Mateo Union High School District, (Election of 2006), 5.00%, 9/1/27 |
1,315 | 1,648,865 | ||||||
| San Mateo Union High School District, (Election of 2006), 5.00%, 9/1/28 |
2,230 | 2,779,784 | ||||||
| Santa Clara County, (Election of 2008), 5.00%, 8/1/39(2)(3) |
3,180 | 3,568,914 | ||||||
| Santa Clarita Community College District, 4.00%, 8/1/46 |
2,500 | 2,836,925 | ||||||
| Torrance Unified School District, (Election of 2008), 5.00%, 8/1/35 |
2,150 | 2,623,666 | ||||||
|
|
|
|||||||
| $ | 31,213,369 | |||||||
|
|
|
|||||||
| Hospital — 12.7% |
||||||||
| California Health Facilities Financing Authority, (Catholic Healthcare West), |
$ | 1,000 | $ | 1,175,970 | ||||
| California Health Facilities Financing Authority, (Catholic Healthcare West), |
190 | 221,348 | ||||||
| California Health Facilities Financing Authority, (City of Hope), 5.00%, 11/15/32 |
635 | 763,918 | ||||||
| California Health Facilities Financing Authority, (City of Hope), 5.00%, 11/15/35 |
910 | 1,088,797 | ||||||
| California Health Facilities Financing Authority, (Memorial Health Services), |
2,000 | 2,413,580 | ||||||
| California Health Facilities Financing Authority, (Memorial Health Services), |
1,000 | 1,195,360 | ||||||
| California Health Facilities Financing Authority, (St. Joseph Health System), |
1,145 | 1,370,611 | ||||||
| California Health Facilities Financing Authority, (St. Joseph Health System), |
535 | 636,270 | ||||||
| Torrance, (Torrance Memorial Medical Center), 5.50%, 6/1/31 |
1,900 | 1,930,666 | ||||||
| Washington Township Health Care District, 5.00%, 7/1/32 |
2,780 | 2,851,418 | ||||||
|
|
|
|||||||
| $ | 13,647,938 | |||||||
|
|
|
|||||||
| Insured-Education — 1.4% |
||||||||
| California Educational Facilities Authority, (Santa Clara University), (NPFG), |
$ | 1,250 | $ | 1,518,238 | ||||
|
|
|
|||||||
| $ | 1,518,238 | |||||||
|
|
|
|||||||
| Insured-Escrowed/Prerefunded — 17.1% |
||||||||
| California Statewide Communities Development Authority, (Sutter Health), (AMBAC), (BHAC), Prerefunded to 5/15/17, 5.00%, 11/15/38(2) |
$ | 5,000 | $ | 5,159,850 | ||||
| Foothill/Eastern Transportation Corridor Agency, (AGC), (AGM), Escrowed to Maturity, |
5,130 | 4,398,565 | ||||||
| Glendale, Electric System Revenue, (AGC), Prerefunded to 2/1/18, 5.00%, 2/1/31 |
2,790 | 2,964,682 | ||||||
| Riverside Community College District, (Election of 2004), (AGM), (NPFG), Prerefunded to 8/1/17, 5.00%, 8/1/32 |
2,005 | 2,088,608 | ||||||
| San Diego County Water Authority, Certificates of Participation, (AGM), Prerefunded to 5/1/18, 5.00%, 5/1/38(2) |
3,500 | 3,758,510 | ||||||
|
|
|
|||||||
| $ | 18,370,215 | |||||||
|
|
|
|||||||
| Insured-General Obligations — 4.7% |
||||||||
| Cotati-Rohnert Park Unified School District, (BAM), 5.00%, 8/1/39 |
$ | 1,000 | $ | 1,205,790 | ||||
| Sweetwater Union High School District, (Election of 2000), (AGM), 0.00%, 8/1/25 |
4,720 | 3,845,950 | ||||||
|
|
|
|||||||
| $ | 5,051,740 | |||||||
|
|
|
|||||||
2
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Insured-Lease Revenue/Certificates of Participation — 4.1% |
||||||||
| Anaheim Public Financing Authority, (Public Improvements), (AGM), 0.00%, 9/1/17 |
$ | 4,410 | $ | 4,375,734 | ||||
|
|
|
|||||||
| $ | 4,375,734 | |||||||
|
|
|
|||||||
| Insured-Special Tax Revenue — 5.3% |
||||||||
| Puerto Rico Sales Tax Financing Corp., (NPFG), 0.00%, 8/1/45 |
$ | 4,850 | $ | 934,934 | ||||
| Successor Agency to Dinuba Redevelopment Agency, (BAM), 5.00%, 9/1/28 |
370 | 457,017 | ||||||
| Successor Agency to Hawthorne Community Redevelopment Agency, (AGM), 5.00%, 9/1/32 |
1,385 | 1,716,666 | ||||||
| Successor Agency to San Francisco City and County Redevelopment Agency, (NPFG), 5.00%, 8/1/41 |
2,100 | 2,608,578 | ||||||
|
|
|
|||||||
| $ | 5,717,195 | |||||||
|
|
|
|||||||
| Insured-Transportation — 9.0% |
||||||||
| Alameda Corridor Transportation Authority, (AMBAC), 0.00%, 10/1/29 |
$ | 5,000 | $ | 3,226,000 | ||||
| Alameda Corridor Transportation Authority, (NPFG), 0.00%, 10/1/31 |
4,500 | 2,899,665 | ||||||
| Puerto Rico Highway and Transportation Authority, (AGC), 5.25%, 7/1/41 |
740 | 862,204 | ||||||
| San Jose, Airport Revenue, (AGM), (AMBAC), (BHAC), (AMT), 5.00%, 3/1/37 |
1,275 | 1,300,946 | ||||||
| San Jose, Airport Revenue, (AGM), (AMBAC), (BHAC), (AMT), 6.00%, 3/1/47 |
1,350 | 1,384,533 | ||||||
|
|
|
|||||||
| $ | 9,673,348 | |||||||
|
|
|
|||||||
| Lease Revenue/Certificates of Participation — 1.0% |
||||||||
| California Public Works Board, 5.00%, 11/1/38 |
$ | 915 | $ | 1,112,393 | ||||
|
|
|
|||||||
| $ | 1,112,393 | |||||||
|
|
|
|||||||
| Other Revenue — 0.4% |
||||||||
| California Infrastructure and Economic Development Bank, (Performing Arts Center of Los Angeles), 5.00%, 12/1/32 |
$ | 385 | $ | 403,291 | ||||
|
|
|
|||||||
| $ | 403,291 | |||||||
|
|
|
|||||||
| Senior Living/Life Care — 1.6% |
||||||||
| ABAG Finance Authority for Nonprofit Corporations, (Episcopal Senior Communities), 6.00%, 7/1/31 |
$ | 290 | $ | 337,293 | ||||
| California Statewide Communities Development Authority, (Southern California Presbyterian Homes), 7.25%, 11/15/41(1) |
600 | 698,838 | ||||||
| California Statewide Communities Development Authority, (The Redwoods, a Community of Seniors), 5.125%, 11/15/35 |
535 | 648,656 | ||||||
|
|
|
|||||||
| $ | 1,684,787 | |||||||
|
|
|
|||||||
| Special Tax Revenue — 16.1% |
||||||||
| Aliso Viejo Community Facilities District No. 2005-01, Special Tax Revenue, (Glenwood at Aliso Viejo), 5.00%, 9/1/30 |
$ | 770 | $ | 915,761 | ||||
| Brentwood Infrastructure Financing Authority, 5.00%, 9/2/26 |
285 | 291,239 | ||||||
| Brentwood Infrastructure Financing Authority, 5.00%, 9/2/34 |
460 | 469,849 | ||||||
| Fontana Redevelopment Agency, (Jurupa Hills), 5.60%, 10/1/27 |
1,590 | 1,596,519 | ||||||
| Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/22 |
240 | 285,286 | ||||||
| Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/23 |
480 | 569,025 | ||||||
| Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/24 |
240 | 284,513 | ||||||
| Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/25 |
335 | 396,596 | ||||||
| Los Angeles County Community Facilities District No. 3, (Valencia/Newhall Area), 5.00%, 9/1/26 |
240 | 284,129 | ||||||
| San Francisco Bay Area Rapid Transit District, Sales Tax Revenue, 5.00%, 7/1/28 |
2,400 | 2,738,712 | ||||||
| Santa Clara Valley Transportation Authority, Sales Tax Revenue, 5.00%, 4/1/34 |
1,500 | 1,858,605 | ||||||
| Santa Clara Valley Transportation Authority, Sales Tax Revenue, 5.00%, 4/1/36 |
1,250 | 1,538,850 | ||||||
3
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| South Orange County Public Financing Authority, Special Tax Revenue, (Ladera Ranch), 5.00%, 8/15/27 |
$ | 485 | $ | 568,507 | ||||
| South Orange County Public Financing Authority, Special Tax Revenue, (Ladera Ranch), 5.00%, 8/15/28 |
725 | 847,126 | ||||||
| Successor Agency to La Quinta Redevelopment Agency, 5.00%, 9/1/28 |
1,600 | 1,977,184 | ||||||
| Successor Agency to Union City Community Redevelopment Agency, 5.00%, 10/1/32 |
1,360 | 1,690,942 | ||||||
| Successor Agency to Union City Community Redevelopment Agency, 5.00%, 10/1/36 |
800 | 979,808 | ||||||
|
|
|
|||||||
| $ | 17,292,651 | |||||||
|
|
|
|||||||
| Transportation — 11.8% |
||||||||
| Bay Area Toll Authority, Toll Bridge Revenue, (San Francisco Bay Area), Prerefunded to 4/1/19, 5.25%, 4/1/29 |
$ | 1,000 | $ | 1,119,430 | ||||
| Los Angeles Department of Airports, (Los Angeles International Airport), 5.00%, 5/15/35(2)(3) |
2,120 | 2,418,496 | ||||||
| Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.00%, 5/15/41 |
1,500 | 1,790,400 | ||||||
| Los Angeles Department of Airports, (Los Angeles International Airport), (AMT), 5.375%, 5/15/30 |
1,500 | 1,607,880 | ||||||
| San Francisco City and County Airport Commission, (San Francisco International Airport), 5.00%, 5/1/35 |
2,760 | 3,125,893 | ||||||
| San Joaquin Hills Transportation Corridor Agency, 5.00%, 1/15/34 |
2,265 | 2,662,236 | ||||||
|
|
|
|||||||
| $ | 12,724,335 | |||||||
|
|
|
|||||||
| Water and Sewer — 6.9% |
||||||||
| Los Angeles, Wastewater System Revenue, 5.00%, 6/1/45 |
$ | 1,925 | $ | 2,358,683 | ||||
| Metropolitan Water District of Southern California, 5.00%, 7/1/40 |
1,000 | 1,241,780 | ||||||
| San Mateo, Sewer Revenue, 5.00%, 8/1/36 |
1,700 | 1,971,065 | ||||||
| Upper Santa Clara Joint Powers Financing Authority, 5.00%, 8/1/41 |
1,500 | 1,878,420 | ||||||
|
|
|
|||||||
| $ | 7,449,948 | |||||||
|
|
|
|||||||
| Total Tax-Exempt Municipal Securities — 149.0% |
$ | 160,036,568 | ||||||
|
|
|
|||||||
| Taxable Municipal Securities — 6.8% |
||||||||
| Security | Principal Amount (000’s omitted) |
Value | ||||||
| Hospital — 1.8% |
||||||||
| California Statewide Communities Development Authority, (Loma Linda University Medical Center), 6.00%, 12/1/24 |
$ | 1,750 | $ | 1,961,628 | ||||
|
|
|
|||||||
| $ | 1,961,628 | |||||||
|
|
|
|||||||
| Insured-Special Tax Revenue — 3.9% |
||||||||
| Successor Agency to Roseville Redevelopment Agency, (BAM), 4.066%, 9/1/40 |
$ | 4,000 | $ | 4,126,600 | ||||
|
|
|
|||||||
| $ | 4,126,600 | |||||||
|
|
|
|||||||
| Other Revenue — 1.1% |
||||||||
| California Infrastructure and Economic Development Bank, (The Scripps Research Institute), 3.42%, 7/1/36 |
$ | 1,200 | $ | 1,216,440 | ||||
|
|
|
|||||||
| $ | 1,216,440 | |||||||
|
|
|
|||||||
4
| Security | Value | |||||||
| Total Taxable Municipal Securities — 6.8% |
$ | 7,304,668 | ||||||
|
|
|
|||||||
| Total Investments — 155.8% |
$ | 167,341,236 | ||||||
|
|
|
|||||||
| Auction Preferred Shares Plus Cumulative Unpaid Dividends — (2.8)% |
$ | (3,000,454 | ) | |||||
|
|
|
|||||||
| Institutional MuniFund Term Preferred Shares, at Liquidation Value — (43.7)% |
$ | (46,975,000 | ) | |||||
|
|
|
|||||||
| Other Assets, Less Liabilities — (9.3)% |
$ | (9,983,490 | ) | |||||
|
|
|
|||||||
| Net Assets Applicable to Common Shares — 100.0% |
$ | 107,382,292 | ||||||
|
|
|
|||||||
The percentage shown for each investment category in the Portfolio of Investments is based on net assets applicable to common shares.
The Trust invests primarily in debt securities issued by California municipalities. The ability of the issuers of the debt securities to meet their obligations may be affected by economic developments in a specific industry or municipality. In order to reduce the risk associated with such economic developments, at August 31, 2016, 29.2% of total investments are backed by bond insurance of various financial institutions and financial guaranty assurance agencies. The aggregate percentage insured by an individual financial institution or financial guaranty assurance agency ranged from 3.5% to 13.7% of total investments.
| (1) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be sold in certain transactions in reliance on an exemption from registration (normally to qualified institutional buyers). At August 31, 2016, the aggregate value of these securities is $1,581,827 or 1.5% of the Trust’s net assets applicable to common shares. |
| (2) | Security represents the municipal bond held by a trust that issues residual interest bonds. |
| (3) | Security (or a portion thereof) has been pledged as collateral for residual interest bond transactions. The aggregate value of such collateral is $2,012,410. |
Futures Contracts
| Description |
Contracts | Position | Expiration Month/Year |
Aggregate Cost | Value | Net Unrealized Appreciation |
||||||||||||||||||
| Interest Rate Futures |
||||||||||||||||||||||||
| U.S. 10-Year Treasury Note | 38 | Short | Dec-16 | $ | (4,987,428 | ) | $ | (4,975,031 | ) | $ | 12,397 | |||||||||||||
| U.S. Long Treasury Bond | 29 | Short | Dec-16 | (4,958,627 | ) | (4,940,875 | ) | 17,752 | ||||||||||||||||
|
|
|
|||||||||||||||||||||||
| $ | 30,149 | |||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
Abbreviations:
5
At August 31, 2016, the Trust had sufficient cash and/or securities to cover commitments under open derivative contracts.
The Trust is subject to interest rate risk in the normal course of pursuing its investment objective. Because the Trust holds fixed-rate bonds, the value of these bonds may decrease if interest rates rise. The Trust enters into U.S. Treasury futures contracts to hedge against changes in interest rates.
At August 31, 2016, the aggregate fair value of open derivative instruments (not considered to be hedging instruments for accounting disclosure purposes) in an asset position and whose primary underlying risk exposure is interest rate risk was $30,149.
The cost and unrealized appreciation (depreciation) of investments of the Trust at August 31, 2016, as determined on a federal income tax basis, were as follows:
| Aggregate cost |
$ | 137,965,566 | ||
|
|
|
|||
| Gross unrealized appreciation |
$ | 17,755,786 | ||
| Gross unrealized depreciation |
(215,116 | ) | ||
|
|
|
|||
| Net unrealized appreciation |
$ | 17,540,670 | ||
|
|
|
Under generally accepted accounting principles for fair value measurements, a three-tier hierarchy to prioritize the assumptions, referred to as inputs, is used in valuation techniques to measure fair value. The three-tier hierarchy of inputs is summarized in the three broad levels listed below.
| • | Level 1 — quoted prices in active markets for identical investments |
| • | Level 2 — other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.) |
| • | Level 3 — significant unobservable inputs (including a fund’s own assumptions in determining the fair value of investments) |
In cases where the inputs used to measure fair value fall in different levels of the fair value hierarchy, the level disclosed is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.
At August 31, 2016, the hierarchy of inputs used in valuing the Trust’s investments and open derivative instruments, which are carried at value, were as follows:
| Asset Description | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
| Tax-Exempt Municipal Securities |
$ | — | $ | 160,036,568 | $ | — | $ | 160,036,568 | ||||||||
| Taxable Municipal Securities |
— | 7,304,668 | — | 7,304,668 | ||||||||||||
| Total Investments |
$ | — | $ | 167,341,236 | $ | — | $ | 167,341,236 | ||||||||
| Futures Contracts |
$ | 30,149 | $ | — | $ | — | $ | 30,149 | ||||||||
| Total |
$ | 30,149 | $ | 167,341,236 | $ | — | $ | 167,371,385 | ||||||||
The Trust held no investments or other financial instruments as of November 30, 2015 whose fair value was determined using Level 3 inputs. At August 31, 2016, there were no investments transferred between Level 1 and Level 2 during the fiscal year to date then ended.
For information on the Trust’s policy regarding the valuation of investments and other significant accounting policies, please refer to the Trust’s most recent financial statements included in its semiannual or annual report to shareholders.
6
Item 2. Controls and Procedures
(a) It is the conclusion of the registrant’s principal executive officer and principal financial officer that the effectiveness of the registrant’s current disclosure controls and procedures (such disclosure controls and procedures having been evaluated within 90 days of the date of this filing) provide reasonable assurance that the information required to be disclosed by the registrant on this Form N-Q has been recorded, processed, summarized and reported within the time period specified in the Commission’s rules and forms and that the information required to be disclosed by the registrant on this Form N-Q has been accumulated and communicated to the registrant’s principal executive officer and principal financial officer in order to allow timely decisions regarding required disclosure.
(b) There have been no changes in the registrant’s internal controls over financial reporting during the fiscal quarter for which the report is being filed that have materially affected, or are reasonably likely to materially affect the registrant’s internal control over financial reporting.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Eaton Vance California Municipal Income Trust
| By: | /s/ Payson F. Swaffield | |
| Payson F. Swaffield | ||
| President | ||
| Date: | October 24, 2016 | |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
| By: | /s/ Payson F. Swaffield | |
| Payson F. Swaffield | ||
| President | ||
| Date: | October 24, 2016 | |
| By: | /s/ James F. Kirchner | |
| James F. Kirchner | ||
| Treasurer | ||
| Date: | October 24, 2016 | |