Best Response

BlackRock CA Insured Municipal Income Trust III (BCK) BlackRock CA Municipal 2018 Income Trust (BJZ) BlackRock CA Municipal Income Tr II (BCL) BlackRock California Insured Municipal 2008 Term Trust (BFC) BlackRock California Investment Quality Municipal Trust (RAA) BlackRock California Municipal Bond Trust (BZA) BlackRock California Municipal Income Trust (BFZ) BlackRock Insured Municipal Term Trust (BMT) BlackRock MuniHoldings California Insured Fund, Inc. (MUC) BlackRock MuniYield California Fund, Inc. (MYC) BlackRock MuniYield California Insured Fund, Inc. (MCA) Eaton Vance California Municipal Income Trust (CEV) Eaton Vance Insured CA Municipal Bond II (EIA) Eaton Vance Insured California Municipal Bond (EVM) MFS California Insured Municipal (CCA) Morgan Stanley California Insured Municipal Income Trust (IIC) Morgan Stanley California Quality Municipal Securities (IQC) Morgan Stanley Insured California Municipal Securities (ICS) Neuberger Berman California Intermediate Municipal Fund (NBW) Nuveen California Dividend Advantage Municipal Fund (NAC) Nuveen California Dividend Advantage Municipal Fund 2 (NVX) Nuveen California Dividend Advantage Municipal Fund 3 (NZH) Nuveen California Investment Quality Municipal Fund (NQC) Nuveen California Municipal Market Opportunity Fund (NCO) Nuveen California Municipal Value Fund (NCA) Nuveen California Performance Plus Municipal Fund (NCP) Nuveen California Premium Income Municipal Fund (NCU) Nuveen California Quality Income Municipal Fund (NUC) Nuveen California Select Quality Municipal Fund (NVC) Nuveen California Select Tax-Free Income Portfolio (NXC) Nuveen Insured California Dividend Advantage Municipal Fund (NKL) Nuveen Insured California Premium Income Municipal Fund (NPC) Nuveen Insured California Premium Income Municipal Fund 2 (NCL) Nuveen Insured California Tax-Free Advantage Municipal Fund (NKX) Nuveen North Carolina Dividend Advantage Municipal Fund (NRB) Nuveen North Carolina Dividend Advantage Municipal Fund 2 (NNO) Nuveen North Carolina Dividend Advantage Municipal Fund 3 (NII) Nuveen North Carolina Premium Income Municipal Fund (NNC) PIMCO California Municipal Income Fund III (PZC) Van Kampen California Value Municipal Income Trust (VCV)

or the iShares Cali Muni Bond ETF (CMF)

 
spoonfork:
BlackRock CA Insured Municipal Income Trust III (BCK) BlackRock CA Municipal 2018 Income Trust (BJZ) BlackRock CA Municipal Income Tr II (BCL) BlackRock California Insured Municipal 2008 Term Trust (BFC) BlackRock California Investment Quality Municipal Trust (RAA) BlackRock California Municipal Bond Trust (BZA) BlackRock California Municipal Income Trust (BFZ) BlackRock Insured Municipal Term Trust (BMT) BlackRock MuniHoldings California Insured Fund, Inc. (MUC) BlackRock MuniYield California Fund, Inc. (MYC) BlackRock MuniYield California Insured Fund, Inc. (MCA) Eaton Vance California Municipal Income Trust (CEV) Eaton Vance Insured CA Municipal Bond II (EIA) Eaton Vance Insured California Municipal Bond (EVM) MFS California Insured Municipal (CCA) Morgan Stanley California Insured Municipal Income Trust (IIC) Morgan Stanley California Quality Municipal Securities (IQC) Morgan Stanley Insured California Municipal Securities (ICS) Neuberger Berman California Intermediate Municipal Fund (NBW) Nuveen California Dividend Advantage Municipal Fund (NAC) Nuveen California Dividend Advantage Municipal Fund 2 (NVX) Nuveen California Dividend Advantage Municipal Fund 3 (NZH) Nuveen California Investment Quality Municipal Fund (NQC) Nuveen California Municipal Market Opportunity Fund (NCO) Nuveen California Municipal Value Fund (NCA) Nuveen California Performance Plus Municipal Fund (NCP) Nuveen California Premium Income Municipal Fund (NCU) Nuveen California Quality Income Municipal Fund (NUC) Nuveen California Select Quality Municipal Fund (NVC) Nuveen California Select Tax-Free Income Portfolio (NXC) Nuveen Insured California Dividend Advantage Municipal Fund (NKL) Nuveen Insured California Premium Income Municipal Fund (NPC) Nuveen Insured California Premium Income Municipal Fund 2 (NCL) Nuveen Insured California Tax-Free Advantage Municipal Fund (NKX) Nuveen North Carolina Dividend Advantage Municipal Fund (NRB) Nuveen North Carolina Dividend Advantage Municipal Fund 2 (NNO) Nuveen North Carolina Dividend Advantage Municipal Fund 3 (NII) Nuveen North Carolina Premium Income Municipal Fund (NNC) PIMCO California Municipal Income Fund III (PZC) Van Kampen California Value Municipal Income Trust (VCV)

or the iShares Cali Muni Bond ETF (CMF)

you are a god ty

 

Cali was supposed to come out with $10 billion muni issuance today and they postponed it and now are getting sued according to Bloomberg. They are a total basket case.

In response to your question, I would find out what institutional investors are primarily active in buying Cali notes and try and find out what alternatives they may flee to. My guess would be PIMCO and Blackrock to start.

 

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