FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
Investment Company Act file number 811-07664
Name of Fund: BlackRock California Investment Quality Municipal Trust, Inc.
Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809
Name and address of agent for service: Robert S. Kapito,
President, BlackRock California Investment Quality Municipal Trust, Inc.,
40
East 52nd
Street, New York, NY 10022.
Registrant’s telephone number, including area code: (888) 825-2257
Date of fiscal year end: 10/31/2007
Date of reporting period: 05/01/2007 – 07/31/2007
Item
1 – Schedule of Investments PORTFOLIO OF INVESTMENTS (unaudited) This bond is prerefunded. U.S. government securities, held in escrow, are used to pay interest on this security, as well as retire the bond in full at the date indicated, typically at a premium to
par. Represents an investment in an affiliate. Represents current yield as of July 31, 2007. Cost for federal income tax purposes is $20,676,076. The net unrealized appreciation on a tax basis is $626,296, consisting of $774,352 gross unrealized appreciation and $148,056 gross unrealized
depreciation.
1
Item 2 – Controls and Procedures The registrant’s
principal executive and principal financial officers or persons performing
similar functions have concluded that the registrant’s disclosure
controls and procedures (as defined in Rule 30a-3(c) under the Investment
Company Act of 1940, as amended (the “1940 Act”)) are effective
as of a date within 90 days of the filing of this report based on the
evaluation of these controls and procedures required by Rule 30a-3(b)
under the 1940 Act and Rule 13a-15(b) under the Securities and Exchange
Act of 1934, as amended.
JULY 31, 2007
BlackRock California Investment Quality Municipal Trust (RAA)
(Percentages shown are based on Net Assets)
Principal
Amount
Description
LONG-TERM INVESTMENTS—150.8%
California—133.9%
$
625
California St. Univ., Coll. & Univ. RB, Ser. C, 5.00%, 11/01/38, MBIA
$
646,731
500
California Statewide Cmntys. Dev Auth., Hlth., Hosp. & Nursing
Home RB, Kaiser Permanente Proj.,
507,220
Ser.
B, 5.25%, 3/01/45
California,
1,000
Ad Valorem Ppty. Tax GO, 5.00%, 9/01/32
1,028,120
40
Pub. Impvts. Misc. GO, 5.75%, 3/01/19
40,051
500
Carson Pub. Fing. Auth., Pub. Impvts. SA, Ser. A, 5.00%, 9/02/31, RAA
501,110
500
Chabot-Las Positas Cmnty. Coll. Dist., Univ. & Coll. Impvts. Ad Valorem Ppty. Tax GO, 5.00%, 8/01/31, AMBAC
521,340
275
City of Chula Vista, Natural Gas Util. Impvts. Nat. Gas RB, 5.00%, 12/01/27, AMT
280,544
320
City of Chula Vista, RB, San Diego Gas & Elec. Proj., 5.00%, 12/01/27, AMT
325,667
1,000
Cnty. of San Bernardino, Pub. Impvts. ST, 5.90%, 9/01/33
1,043,990
600
Contra Costa Wtr. Dist., Wtr. RB, Ser. 0, 5.00%, 10/01/24,
AMBAC
633,756
Golden St. Tobacco Sec. Corp.,
600
1
Misc. Purps. Tobacco Settlement Funded RB, Ser. B, 5.50%, 6/01/13
649,038
400
1
Misc. Purps. Tobacco Settlement Funded RB, Ser. B, 5.625%, 6/01/13
435,276
250
Misc. RB, Ser. A, 5.75%, 6/01/47
257,550
1,040
Hlth. Facs. Fing. Auth., Hlth., Hosp. & Nursing Home RB, Cedars Sinai Med. Ctr. Proj., 5.00%, 11/15/34
1,046,230
500
Infrastructure & Econ. Dev. Bank, Misc. RB, Salvation Army Proj., 5.00%, 9/01/27, AMBAC
518,830
1,000
Los Angeles Cnty. Cmnty. Facs. Dist. No. 3, ST, Ser. A, 5.50%, 9/01/14, FSA
1,021,380
510
Los Angeles Dept. of Arpts., Port, Arpt. & Marina RB, Ontario Intl. Proj., Ser. A, 5.00%, 5/15/26, MBIA, AMT
523,092
500
Los Angeles Dept. of Wtr. & Pwr., Elec., Pwr. & Lt. RB, Pwr. Sys. Proj., 5.00%, 7/01/35, FSA
518,500
945
Los Angeles Regl. Arpts. Impvt. Corp., Port, Arpt. & Marina Impvts. RB, American Airlines, Inc. Proj., Ser. B,
7.50%, 12/01/24,
AMT
Met. Wtr. Dist. of Southern California, Wtr.
Utils. Impvts. RB, Ser A, 5.00%, 7/01/37
521,430
500
Poll. Ctrl. Fing. Auth., Rec. Recovery Impvts. RB, Chemical Wst. Mgmt., Inc. Proj., Ser. C, 5.125%, 11/01/23,
AMT
495,880
1,000
Poway Unified Sch. Dist., Pub. Impvts. ST, Cmnty. Facs. Dist. No. 6 Proj., 5.60%, 9/01/33
1,015,890
500
Pub. Wks. Brd., Correctional Fac. Impvts. Lease Abatement RB, Dept. Corrections Rehab Proj., Ser. H, 5.00%, 11/01/31
512,620
500
Rural Home Mtg. Fin. Auth., Local Sngl. Fam. Hsg. RB, 5.40%, 12/01/36, AMT
521,790
40
Southern California Pub. Pwr. Auth., Elec., Pwr. & Lt.
RB, 5.50%, 7/01/20, MBIA Statewide Cmntys. Dev.
40,056
Auth., Hlth., Hosp. & Nursing Home RB,
500
Kaiser Hosp. Asset Mgmt. Proj., 5.25%, 8/01/31
512,250
500
Kaiser Permanente Proj., Ser. A, 5.00%, 4/01/31
503,015
500
1
Temecula Valley Unified Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax GO, Ser. G, 5.75%, 8/01/07, FGIC
510,000
900
1
Tobacco Sec. Auth. of Southern California, Misc. Purps. Tobacco Settlement Funded RB, Ser. A, 5.625%, 6/01/12
973,170
750
Tustin Unified Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax ST, Cmnty. Facs. Dist. 97-1-A Proj., 5.00%, 9/01/32,
FSA
767,632
500
Vacaville Unified Sch. Dist., Sch. Impvts. Ad Valorem Ppty. Tax GO, 5.00%, 8/01/30, MBIA
519,705
370
West Basin Mun. Wtr. Dist., Lease Non-Terminable COP, Ser. A, 5.50%, 8/01/22, AMBAC
374,163
18,810,119
Puerto Rico—16.9%
500
Comnwlth., Pub. Impvts. Ad Valorem Ppty. Tax GO, Ser. A, 5.00%, 7/01/34
508,750
255
1
Elec. Pwr. Auth., Elec., Pwr. & Lt. Impvts. RB, Ser. NN, 5.125%, 7/01/13
272,465
85
Hwy. & Transp. Auth., Hwy. Tolls RB, Ser. L, 5.25%, 7/01/38, AMBAC
95,277
700
Indl. Tourist Edl. Med. & Env. Ctrl. Facs. Fing.
Auth., Univ. & Coll. Impvts. RB, Ana G. Mendez Univ. Sys. Proj., 5.00%, 3/01/26
707,273
745
1
Pub. Fin. Corp., Cash Flow Mgmt. Misc. RB, Ser. E, 5.50%, 2/01/12
795,757
2,379,522
Total Long-Term Investments (cost $20,557,508)
21,189,641
Shares
MONEY MARKET FUND—0.8%
113
2,3
CMA California Mun. Money Fund, 3.07% (cost $112,731)
112,731
Total Investments —151.6% (cost $20,670,2394)
$
21,302,372
Other assets in excess of liabilities —1.8%
251,058
Preferred shares at redemption value, including dividends payable —(53.4)%
(7,504,316
Net Assets Applicable to Common Shareholders —100%
$
14,049,114
______________
1
2
3
4
KEY
TO ABBREVIATIONS
AMBAC
—
American Municipal Bond Assurance
Corp.
AMT
—
Subject to Alternative Minimum
Tax
COP
—
Certificate of Participation
FGIC
—
Financial Guaranty Insurance Co.
FSA
—
Financial Security Assurance
GO
—
General Obligation
MBIA
—
Municipal Bond Insurance Assoc.
RAA
—
Radian Asset Assurance
RB
—
Revenue Bond
SA
—
Special Assessment
ST
—
Special Tax
2(a) –
2(b) –
There were no changes in the registrant’s
internal control over financial reporting (as defined in Rule 30a-3(d)
under the 1940 Act (17 CFR 270.30a -3(d)) that occurred during the registrant’s
last fiscal quarter that have materially affected, or are reasonably
likely to materially affect, the registrant’s internal control over
financial reporting.
Item 3 – Exhibits
Certifications – Attached hereto
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.
BlackRock California Investment Quality Municipal
Trust, Inc.
By:
/s/ Donald
C. Burke
Donald C. Burke,
Treasurer of
BlackRock California
Investment Quality Municipal Trust, Inc.
Date: September 20,
2007
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/ Robert
S. Kapito
Robert S. Kapito,
President (principal
executive officer) of
BlackRock California
Investment Quality Municipal Trust, Inc.
Date: September 20,
2007
By:
/s/ Donald
C. Burke
Donald C. Burke,
Treasurer (principal
financial officer) of
BlackRock California
Investment Quality Municipal Trust, Inc.
Date: September 20,
2007