NPORT-EX 2 BRCaliforniaMuniIncomeTrust.htm EX-BFZ

Schedule of Investments  (unaudited) 

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  

Municipal Bonds — 94.4%

 

California — 89.0%  
County/City/Special District/School District — 26.1%  

California Municipal Finance Authority, RB, Series A:

 

Orange County Civic Center Infrastructure Improvement Program Phase I,
5.00%, 06/01/42

   $   5,000     $ 6,037,450  

Orange County Civic Center Infrastructure Improvement Program Phase II,
5.00%, 06/01/43

     2,545       3,096,374  

California Statewide Communities Development Authority, RB, Lancer Educational Student Housing Project, 5.00%, 06/01/51(a)

     240       278,378  

California Statewide Communities Development Authority, Special Assessment, Statewide Community Infrastructure Program, Series A:

    

5.00%, 09/02/39

     290       344,503  

5.00%, 09/02/44

     170       199,653  

5.00%, 09/02/48

     170       198,613  

City of San Jose California Hotel Tax, RB, Convention Center Expansion & Renovation Project:

    

6.13%, 05/01/31

     500       535,090  

6.50%, 05/01/36

     1,210       1,298,645  

6.50%, 05/01/42

     2,225         2,381,551  

County of Los Angeles California Metropolitan Transportation Authority, Refunding RB,
Series A, 5.00%, 07/01/42

     13,425       16,349,368  

County of Riverside California Public Financing Authority, RB, Capital Facilities Project, 5.25%, 11/01/45

     8,990       10,670,591  

County of San Joaquin California Transportation Authority, Refunding RB, Limited Tax,
Measure K, Series A, 6.00%, 03/01/21(b)

     2,880       3,068,467  

Fremont Union High School District, GO, Series A, 4.00%, 08/01/40

     5,000       5,668,250  

Glendale Community California College District, GO, Election of 2016, Series A, 5.25%, 08/01/41

     5,000       6,229,750  

Mount San Antonio Community College District, GO, Refunding, Election of 2018, Series A, 5.00%, 08/01/44

     5,000       6,296,750  

Sacramento Area Flood Control Agency, Refunding, Consolidated Capital Assessment District, 5.00%, 10/01/41

     8,000       9,606,560  
Security  

Par

(000)

     Value  
County/City/Special District/School District (continued)  

San Francisco Bay Area Rapid Transit District, GO, Green Bond, Election of 2004, Series F-1, 3.00%, 08/01/38

   $ 5,000     $ 5,246,400  

San Jose California Financing Authority, Refunding LRB, Civic Center Project, Series A, 5.00%, 06/01/32

     3,375       3,822,694  

San Leandro California Unified School District, GO, Election of 2010, Series A, 5.75%, 08/01/41

     3,060       3,277,168  

Santa Monica Public Financing Authority, RB, Downtown Fire Station Project, 5.00%, 07/01/42

     1,250       1,518,987  

State of California, GO, Refunding:

    

5.00%, 04/01/45

     6,325       7,909,286  

Various Purposes-Bid Group, 5.00%, 08/01/37

      15,000        18,738,300  

State of California Public Works Board, LRB, Various Capital Projects, Sub-Series I-1, 6.38%, 11/01/19(b)

     2,300       2,300,000  

Tustin California School District, GO, Election of 2008, Series B, 5.25%, 08/01/21(b)

     3,445       3,695,486  

Washington Township Health Care District, GO, Election of 2004, Series B, 5.50%, 08/01/38

     1,625       1,912,332  

West Contra Costa California Unified School District, GO, Election of 2012, Series A, 5.50%, 08/01/39

     2,500       2,866,375  

West Valley-Mission Community College District, GO, Series A, 4.00%, 08/01/44

     3,670       4,227,840  
   

 

 

  
    127,774,861  
Education — 5.5%            

California Educational Facilities Authority, Refunding RB, San Francisco University(b):

    

6.13%, 10/01/21

     3,075       3,370,354  

6.13%, 10/01/21

     3,205       3,512,840  

California Municipal Finance Authority, RB, Emerson College, 5.75%, 01/01/22(b)

     2,500       2,751,075  

California Municipal Finance Authority, Refunding RB, William Jessup University:

    

5.00%, 08/01/39

     425       483,765  

5.00%, 08/01/48

     510       570,037  

California Public Finance Authority, RB, Trinity Classical Academy Project, Series A, 5.00%, 07/01/54(a)

     285       298,426  
 

 

1

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Education (continued)  

California School Finance Authority, RB, Real Journey Academies, Series A,
5.00%, 06/01/58(a)

   $   2,120     $   2,208,680  

University of California, Refunding RB:

 

General, Series AZ, 5.00%, 05/15/43

     7,000       8,607,970  

Series AR, 5.00%, 05/15/38

     4,250       5,119,422  
   

 

 

  
    26,922,569  
Health — 8.1%            

California Health Facilities Financing Authority, RB:

 

Children’s Hospital, Series A, 5.25%, 11/01/41

     8,500       9,103,415  

Sutter Health, Series A, 5.00%, 11/15/41

     3,000       3,541,500  

Sutter Health, Series B, 6.00%, 08/15/20(b)

     6,015       6,247,480  

California Health Facilities Financing Authority, Refunding RB, Sutter Health, Series B, 5.00%, 11/15/46

     5,000       5,930,850  

California Statewide Communities Development Authority, RB, Loma Linda University Medical Center, 5.50%, 12/01/58(a)

     930       1,103,361  

California Statewide Communities Development Authority, Refunding RB, Trinity Health Credit Group Composite Issue, 5.00%, 12/01/41

     4,000       4,278,960  

State of California Public Works Board,
Refunding RB, Various Capital Projects, Series C, 5.00%, 11/01/34

     7,750       9,334,255  
   

 

 

  
    39,539,821  
Housing — 0.8%            

California Community Housing Agency, RB, M/F Housing, Annadel Apartments, Series A, 5.00%, 04/01/49(a)

     3,470       3,849,410  

California Housing Finance, RB, S/F Housing, Series A, 4.25%, 01/15/35

     727       1,815  
   

 

 

  
    3,851,225  
State — 3.4%            

Hayward Area Recreation & Park District, GO, Series A, 5.00%, 08/01/42

     4,950       6,089,539  

State of California Public Works Board, LRB, Various Capital Projects, Series I, 5.50%, 11/01/33

     4,940       5,709,504  
Security  

Par

(000)

     Value  
State (continued)            

State of California Public Works Board, RB, Department of Corrections & Rehabilitation, Series F, 5.25%, 09/01/33

   $   4,335     $   4,942,724  
   

 

 

  
    16,741,767  
Tobacco — 6.1%            

County of California Tobacco Securitization Agency, Refunding RB, Asset-Backed, Merced County, Series A, 5.25%, 06/01/45

     1,135       1,143,830  

Golden State Tobacco Securitization Corp.,
Refunding RB:

 

Series A-1, 5.00%, 06/01/47

     18,670       19,217,964  

Series A-2, 5.00%, 06/01/47

     475       488,941  

Tobacco Securitization Authority of Northern California, Refunding RB, Asset-Backed Bonds, Series A-1, 5.38%, 06/01/38

     2,000       2,010,540  

Tobacco Securitization Authority of Southern California, Refunding RB:

    

5.00%, 06/01/48

     1,445       1,664,467  

Tobacco Settlement, Asset-Backed, Senior Series A-1,

    

5.00%, 06/01/37

     4,425       4,426,903  

5.13%, 06/01/46

     885       886,142  
   

 

 

  
    29,838,787  
Transportation — 18.2%            

California Municipal Finance Authority, Refunding ARB, United Airlines, Inc. Project, AMT, 4.00%, 07/15/29(c)

     2,870       3,257,766  

City & County of San Francisco Airports San Francisco International Airport, Refunding ARB, AMT, Series E:

    

5.00%, 05/01/40

     2,000       2,432,600  

5.00%, 05/01/45

     2,000       2,414,180  

City & County of San Francisco California Airports Commission, Refunding ARB, Series A, AMT, 5.00%, 05/01/42

     16,535       19,372,737  

City of Los Angeles California Department of Airports, ARB, AMT:

    

Los Angeles International Airport, Series A, 5.00%, 05/15/37

     3,515       4,267,351  

5.00%, 05/15/44

     2,885       3,452,364  

5.00%, 05/15/36

     2,600       3,055,026  

5.00%, 05/15/42

     4,220       4,888,406  

Subordinate, Series C, 5.00%, 05/15/44

     1,000       1,200,300  
 

 

2

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Transportation (continued)  

City of Los Angeles California Department of Airports, Refunding ARB, AMT:

    

Los Angeles International Airport, 5.00%, 05/15/36

   $ 600     $ 740,784  

Subordinate, Series A, 5.00%, 05/15/38

     5,000        6,168,750  

City of Los Angeles Department of Airports, ARB, Los Angeles International Airport:

    

AMT, 4.00%, 05/15/44

     5,000       5,584,450  

Series E, 5.00%, 05/15/44

     4,000       4,925,280  

City of San Jose California, Refunding ARB, Norman Y Mineta San Jose International Airport SJC, Series A-1, AMT:

    

5.75%, 03/01/34

     3,875       4,085,257  

6.25%, 03/01/34

     2,650       2,811,782  

County of Sacramento California Airport System Revenue, Refunding ARB, Senior Series A, 5.00%, 07/01/41

     13,500       15,997,230  

Port of Los Angeles California Harbor Department, Refunding RB, Series A, AMT, 5.00%, 08/01/44

     4,135       4,692,894  
   

 

 

  
    89,347,157  
Utilities — 20.8%            

City & County of San Francisco Public Utilities Commission Wastewater Revenue, RB,
Series B, 5.00%, 10/01/43

     2,485       3,086,594  

City of Los Angeles California Department of Water & Power, RB, Power System, Series A, 5.00%, 07/01/42

     10,670       12,811,042  

City of Los Angeles California Department of Water & Power, Refunding RB, Series B, 5.00%, 07/01/43

     6,150       7,596,418  

City of Petaluma California Wastewater Revenue, Refunding RB, 6.00%, 05/01/21(b)

     5,625       6,038,494  
Security  

Par

(000)

     Value  
Utilities (continued)            

City of San Francisco California Public Utilities Commission Water Revenue, RB, Sub-Series A, 5.00%, 11/01/37

   $   5,000     $ 5,379,500  

City of San Francisco California Public Utilities Commission Water Revenue, Refunding RB, Green Bond, Series D, 5.00%, 11/01/32

     7,090       8,968,921  

City of San Mateo Foster Public Financing Authority, RB, Clean Water Program, 4.00%, 08/01/44

     5,900       6,826,772  

Dublin-San Ramon Services District Water Revenue, Refunding RB, 6.00%, 02/01/21(b)

     2,425       2,573,652  

East Bay California Municipal Utility District Water System Revenue, RB:

    

Green Bond, Series A, 5.00%, 06/01/45

     3,230       3,940,245  

Water System, Series C, 4.00%, 06/01/45

     5,000       5,491,950  

El Dorado Irrigation District, Refunding RB,
Series A (AGM), 5.25%, 03/01/39

     10,000       11,549,600  

Los Angeles Department of Water, Refunding RB,
Series A:

 

5.00%, 07/01/41

     5,000       6,032,400  

5.25%, 07/01/44

     3,000       3,674,580  

Water System, 5.00%, 07/01/44

     1,500       1,803,300  

Los Angeles Department of Water & Power System Revenue, RB, Series B, 5.00%, 07/01/38

     3,000       3,551,490  

Milpitas Municipal Financing Authority, RB, 4.00%, 06/01/44(c)

     1,000       1,129,370  

South Coast Water District Financing Authority, Refunding RB, Series A, 5.00%, 02/01/44

     9,130       11,282,124  
   

 

 

  
    101,736,452  
   

 

 

  

Total Municipal Bonds in California

 

     435,752,639  
   

 

 

  

Puerto Rico — 5.4%

    
State — 3.7%            

Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue, RB, Restructured:

    

CAB, Series A-1, 0.00%, 07/01/46(d)

     3,157       828,839  

Series A-1, 4.75%, 07/01/53

     2,467       2,544,414  

Series A-1, 5.00%, 07/01/58

     9,125       9,549,860  

Series A-2, 4.33%, 07/01/40

     2,588       2,622,213  

Series A-2, 4.78%, 07/01/58

     2,530       2,603,952  
   

 

 

  
      18,149,278  
 

 

3

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Tobacco — 0.1%  

Children’s Trust Fund, Refunding RB, Tobacco Settlement Asset-Backed Bonds,
5.50%, 05/15/39

   $ 505     $ 512,878  
   

 

 

  
Utilities — 1.6%            

Puerto Rico Commonwealth Aqueduct & Sewer Authority, RB, Senior Lien, Series A:

    

5.00%, 07/01/33

      3,865       4,050,211  

5.13%, 07/01/37

     1,105       1,160,416  

Puerto Rico Commonwealth Aqueduct & Sewer Authority, Refunding RB, Senior Lien,
Series A, 6.00%, 07/01/38

     2,550       2,576,316  
   

 

 

  
    7,786,943  
   

 

 

  

Total Municipal Bonds in Puerto Rico

 

     26,449,099  
   

 

 

  

Total Municipal Bonds — 94.4%
(Cost — $433,762,110)

 

      462,201,738  
   

 

 

  

Municipal Bonds Transferred to Tender Option Bond Trusts(e)

 

California — 71.4%            
County/City/Special District/School District — 30.7%  

County of Los Angeles California Metropolitan Transportation Authority, RB, Green Bond, Series A, 5.00%, 07/01/44

     11,200       13,810,608  

County of Santa Clara California Financing Authority, RB, Series A, 4.00%, 05/01/45

     22,230       25,143,019  

Los Angeles Community College District California, GO, Election of 2008, Series C, 5.25%, 08/01/20(b)(f)

     12,903       13,305,834  

Palomar Community College District, GO, Election of 2006, Series C, 5.00%, 08/01/44

     15,140       17,999,643  

San Diego Unified School District California, GO, Election of 2012, Series I,
5.00%, 07/01/47

     10,000       12,155,200  
Security  

Par

(000)

     Value  
County/City/Special District/School District (continued)  

San Francisco California Bay Area Rapid Transit District, GO, Election 2016, Green Bond, Series A, 5.00%, 08/01/47

   $   10,615     $ 12,950,193  

San Joaquin California Delta Community College District, GO, Election of 2004, Series C,
5.00%, 08/01/39

     14,505        16,777,347  

San Jose Unified School District, GO, Series C, 4.00%, 08/01/39

     6,100       6,722,810  

Santa Monica Community College District, GO, Election of 2016, Series A, 5.00%, 08/01/43

     10,000       12,369,200  

State of California, GO, Refunding,
4.00%, 10/01/39

     16,620       19,214,216  
   

 

 

  
    150,448,070  
Education — 13.2%            

University of California, RB:

    

Limited Project, Series M, 5.00%, 05/15/42

     10,000       12,071,000  

Series AM, 5.25%, 05/15/44

     5,000       5,806,000  

University of California, Refunding RB:

    

Series A, 5.00%, 11/01/43

     11,792       13,909,924  

Series AI, 5.00%, 05/15/38

     14,225       16,009,099  

Series I, 5.00%, 05/15/40

     14,065       16,513,291  
   

 

 

  
    64,309,314  
Health — 9.2%            

California Health Facilities Financing Authority, RB, Sutter Health, Series A:

    

5.00%, 11/15/41

     11,620       13,717,410  

5.00%, 08/15/52

     9,695       10,804,496  

California Statewide Communities Development Authority, RB, Kaiser Permanente, Series A, 5.00%, 04/01/42

     18,960       20,563,447  
   

 

 

  
    45,085,353  
State — 2.5%            

University of California, Refunding RB,
Series AR, 5.00%, 05/15/41

     10,165       12,102,247  
   

 

 

  
Transportation — 14.3%            

City & County of San Francisco California, COP, Green Bond, 49 South Van Ness Project, 4.00%, 04/01/43

     10,865       12,088,831  
 

 

4

Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

(Percentages shown are based on Net Assets)

 

Security  

Par

(000)

     Value  
Transportation (continued)  

City & County of San Francisco California Airports Commission, Refunding RB, San Francisco International Airport, Series B, AMT, 5.00%, 05/01/41

   $   8,720     $   10,117,467  

City of Los Angeles California Department of Airports, ARB, AMT:

    

Los Angeles International Airport, Sub-Series A, 5.00%, 05/15/42

     22,710       26,307,032  

Series D, 5.00%, 05/15/41

     18,632       21,502,690  
   

 

 

  
    70,016,020  
Security  

Par

(000)

     Value  
Utilities — 1.5%            

Los Angeles Department of Water,
Refunding RB, Series A, 5.00%, 07/01/46

   $   6,412     $ 7,501,395  
   

 

 

  

Total Municipal Bonds Transferred to Tender Option Bond Trusts — 71.4%
(Cost — $332,413,377)

 

     349,462,399  
   

 

 

  

Total Long-Term Investments — 165.8%
(Cost — $766,175,487)

 

     811,664,137  
   

 

 

  

Other Assets Less Liabilities — 0.6%

 

     2,956,042  

Liability for TOB Trust Certificates, Including Interest Expense and Fees Payable — (31.4)%

 

     (153,835,011 ) 

VMTP Shares at Liquidation Value — (35.0)%

 

     (171,300,000 ) 
   

 

 

  

Net Assets Applicable to Common Shares — 100.0%

 

   $ 489,485,168  
   

 

 

  
 

 

(a) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(b) 

U.S. Government securities held in escrow, are used to pay interest on this security as well as to retire the bond in full at the date indicated, typically at a premium to par.

(c) 

When-issued security.

(d) 

Zero-coupon bond.

(e) 

Represent bonds transferred to a TOB Trust in exchange of cash and residual certificates received by the Trust. These bonds serve as collateral in a secured borrowing.

(f) 

All or a portion of the security is subject to a recourse agreement. The aggregate maximum potential amount the Trust could ultimately be required to pay under the agreement which expires on May 18, 2020, is $6,798,110.

During the period ended October 31, 2019, investments in issuers considered to be an affiliate/affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   

Shares

Held at

7/31/2019

     

Net

Activity

     

Shares

Held at

10/31/19

     

Value at

10/31/19

      Income     

Net

Realized

Gain (Loss) (a)

     

Change in
Unrealized

Appreciation
(Depreciation)

  

BlackRock Liquidity Funds California Money Fund, Institutional Class(b)

      —        —        —      $ —      $ 5,734      $ —      $ —  
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes net capital gain distributions, if applicable.

 
  (b) 

As of period end, the entity is no longer held by the Trust.

 

For Trust compliance purposes, the Trust’s sector classifications refer to one or more of the sector sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by the investment advisor. These definitions may not apply for purposes of this report, which may combine such sector sub-classifications for reporting ease.

 

5

Schedule of Investments  (unaudited) (continued)

October 31, 2019

    BlackRock California Municipal Income Trust (BFZ)

 

Portfolio Abbreviations
AGM    Assured Guaranty Municipal Corp.
AMT    Alternative Minimum Tax (subject to)
ARB    Airport Revenue Bonds
CAB    Capital Appreciation Bonds
COP    Certificates of Participation
GO    General Obligation Bonds
LRB    Lease Revenue Bonds
M/F    Multi-Family
RB    Revenue Bonds
S/F    Single-Family

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

 

Description   

Number of

Contracts

       

Expiration

Date

       

Notional

Amount (000)

       

Value/

Unrealized

Appreciation

(Depreciation)

  

Short Contracts

                  

10-Year U.S. Treasury Note

      107          12/19/19          13,942          44,571  

Long U.S. Treasury Bond

      115          12/19/19          18,558          136,420  

5-Year U.S. Treasury Note

      13          12/31/19          1,550          (3,345 ) 
                 

 

 

  
          $ 177,646  
                 

 

 

  

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 — Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

Level 2 — Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

Level 3 — Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee”) own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors.The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

 

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Schedule of Investments  (unaudited) (continued)

October 31, 2019

   

BlackRock California Municipal Income Trust (BFZ)

 

Fair Value Hierarchy as of Period End (continued)

The following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1        Level 2        Level 3        Total  

Assets:

                  

Investments:

                  

Long-Term Investments (a)

    $             —        $ 811,664,137        $             —        $ 811,664,137  
  

 

 

       

 

 

       

 

 

       

 

 

  

Derivative Financial Instruments (b)

                  

Assets:

                  

Interest rate contracts

    $ 180,991        $ —        $ —        $ 180,991  

Liabilities:

                  

Interest rate contracts

      (3,345 )         —          —          (3,345 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 177,646        $ —        $ —        $ 177,646  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

  (a) 

See above Schedule of Investments for values in each sector.

 
  (b) 

Derivative financial instruments are futures contracts. Futures contracts are valued at the unrealized appreciation (depreciation) on the instrument.

 

The Trust may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial statement purposes. As of period end, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:

 

      Level 1        Level 2        Level 3        Total  

Liabilities:

                  

TOB Trust Certificates

    $             —        $ (153,373,735 )       $             —        $ (153,373,735 ) 

VMTP Shares at Liquidation Value

      —          (171,300,000 )         —          (171,300,000 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ —        $ (324,673,735 )       $ —        $ (324,673,735 ) 
  

 

 

       

 

 

       

 

 

       

 

 

  

 

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