UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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. (RAA) |
| Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809 |
Name and address of agent for service: Donald C. Burke, Chief Executive Officer, BlackRock California Investment Quality Municipal Trust, Inc., 800 Scudders Mill Road, Plainsboro, NJ, 08536. Mailing address: P.O. Box 9011, Princeton, NJ, 08543-9011
Registrant’s telephone number, including area code: (800) 882-0052, Option 4
Date of fiscal year end: 10/31/2008
Date of reporting period: 11/01/2007 – 01/31/2008
Item 1 – Schedule of Investments
| BlackRock California
Investment Quality Municipal Trust Schedule of Investments as of January 31, 2008 (Unaudited) |
(in Thousands) | |||||
| Face |
||||||
| Amount | Municipal Bonds | Value | ||||
| California - 127.7% |
$ |
500 | California Infrastructure and Economic Development Bank, Revenue Refunding | |||
| Bonds (The Salvation Army - Western Territory), 5% due 9/01/2027 (a) |
$ |
518 | ||||
| 500 | California Pollution Control Financing Authority, Solid Waste Disposal Revenue | |||||
| Bonds (Waste Management Inc. Project), AMT, Series C, 5.125% due 11/01/2023 | 490 | |||||
| 500 | California Rural Home Mortgage Finance Authority, S/F Mortgage Revenue Bonds | |||||
| (Mortgage-Backed Securities Program), AMT, Series A, 5.40% due 12/01/2036 (b)(c) | 532 | |||||
| 40 | California State, GO, 5.75% due 3/01/2019 | 40 | ||||
| 1,000 | California State, GO, Refunding, 5% due 9/01/2032 | 1,004 | ||||
| 500 | California State Public Works Board, Lease Revenue Bonds (Department of | |||||
| Corrections), Series H, 5% due 11/01/2031 | 489 | |||||
| 625 | California State University, Systemwide Revenue Refunding Bonds, Series C, 5% due 11/01/2038 (e) | 644 | ||||
| 500 | California Statewide Communities Development Authority Revenue Bonds | |||||
| (Kaiser Permanente), Series B, 5.25% due 3/01/2045 | 502 | |||||
| 500 | California Statewide Communities Development Authority, Revenue Refunding | |||||
| Bonds (Kaiser Hospital Asset Management, Inc.), Series C, 5.25% due 8/01/2031 | 508 | |||||
| 500 | California Statewide Communities Development Authority, Revenue Refunding | |||||
| Bonds (Kaiser Permanente), Series A, 5% due 4/01/2031 | 499 | |||||
| 500 | Chabot-Las Positas, California, Community College District, GO (Election of 2004), | |||||
| Series B, 5% due 8/01/2031 (a) | 518 | |||||
| 500 | Chino Basin, California, Regional Financing Authority, Revenue Refunding Bonds | |||||
| (Inland Empire Utility Agency), Series A, 5% due 11/01/2033 (a) | 509 | |||||
| 320 | Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT, | |||||
| Series B, 5% due 12/01/2027 | 323 | |||||
| 275 | Chula Vista, California, IDR (San Diego Gas and Electric Company), AMT, | |||||
| Series D, 5% due 12/01/2027 | 278 | |||||
| 600 | Contra Costa, California, Water District, Water Revenue Refunding Bonds, | |||||
| Series O, 5% due 10/01/2024 (a) | 638 | |||||
| 600 | Golden State Tobacco Securitization Corporation of California, Tobacco Settlement | |||||
| Revenue Bonds, Series B, 5.50% due 6/01/2013 (f) | 674 | |||||
| Portfolio Abbreviations | ||||||
To simplify the listings of BlackRock California Investment Quality Municipal Trust's portfolio holdings in the Schedule of Investments, we have abbreviated the names of many of the securities according to the list below. |
||||||
| AMT | Alternative Minimum Tax (subject to) | |
| GO | General Obligation Bonds | |
| HFA | Housing Finance Agency | |
| IDR | Industrial Development Revenue Bonds | |
| S/F | Single-Family |
1
| BlackRock California
Investment Quality Municipal Trust Schedule of Investments as of January 31, 2008 (Unaudited) |
(in Thousands) |
Face |
||||||
| Amount | Municipal Bonds | Value | ||||
| $ | 400 | Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue | ||||
| Bonds, Series B, 5.625% due 6/01/2013 (f) | $ | 452 | ||||
| 250 | Golden State Tobacco Securitization Corporation of California, Tobacco Settlement Revenue | |||||
| Refunding Bonds, Senior Series A-1, 5.125% due 6/01/2047 | 216 | |||||
| 510 | Los Angeles, California, Department of Airports, Airport Revenue Refunding Bonds (Ontario | |||||
| International Airport), AMT, Series A, 5% due 5/15/2026 (e) | 516 | |||||
| 945 | Los Angeles, California, Regional Airports Improvement Corporation, Lease Revenue | |||||
| Bonds (American Airlines Inc.), AMT, Series B, 7.50% due 12/01/2024 | 995 | |||||
| 500 | Los Angeles, California, Water and Power Revenue Bonds (Power System), Sub-Series A-1, 5% | |||||
| due 7/01/2035 (d) | 519 | |||||
| 1,000 | Los Angeles County, California, Community Facilities District Number 3, Special Tax Refunding | |||||
| Bonds (Improvement Area A), Series A, 5.50% due 9/01/2014 (d) | 1,023 | |||||
| 500 | Metropolitan Water District of Southern California, Waterworks Revenue Bonds, Series A, 5% | |||||
| due 7/01/2037 | 523 | |||||
| 1,000 | Poway, California, Unified School District, Special Tax Bonds (Community Facilities District | |||||
| Number 6), 5.60% due 9/01/2033 | 1,004 | |||||
| 1,000 | San Bernardino County, California, Special Tax Bonds (Community Facilities District | |||||
| Number 2002-1), 5.90% due 9/01/2033 | 979 | |||||
| 500 | Southern California HFA, S/F Mortgage Revenue Bonds, AMT, Series A, 5.80% | |||||
| due 12/01/2049 (b)(c) | 543 | |||||
| 500 | Southern California Public Power Authority, Natural Gas Project Number 1 Revenue Bonds, | |||||
| Series A, 5% due 11/01/2033 | 482 | |||||
| 40 | Southern California Public Power Authority, Transmission Project Revenue Refunding Bonds, | |||||
| 5.50% due 7/01/2020 (e) | 40 | |||||
| 900 | Tobacco Securitization Authority of Southern California, Asset-Backed Revenue Bonds, Senior | |||||
| Series A, 5.625% due 6/01/2012 (f) | 1,009 | |||||
| 750 | Tustin, California, Unified School District, Senior Lien Special Tax Bonds (Community Facilities | |||||
| District Number 97-1), Series A, 5% due 9/01/2032 (d) | 762 | |||||
| 500 | Vacaville, California, Unified School District, GO (Election of 2001), 5% due 8/01/2030 (e) | 519 | ||||
| Puerto Rico - 17.2% | 85 | Puerto Rico Commonwealth Highway and Transportation Authority, Transportation Revenue | ||||
| Refunding Bonds, Series L, 5.25% due 7/01/2038 (a) | 87 | |||||
| 315 | Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5% due 7/01/2014 (f) | 354 | ||||
| 185 | Puerto Rico Commonwealth, Public Improvement, GO, Series A, 5% due 7/01/2034 | 180 | ||||
| 255 | Puerto Rico Electric Power Authority, Power Revenue Bonds, Series NN, 5.125% due 7/01/2013 (f) | 287 | ||||
| 700 | Puerto Rico Industrial, Tourist, Educational, Medical and Environmental Control Facilities Revenue | |||||
| Bonds (Ana G. Mendez University System Project), 5% due 3/01/2026 | 660 |
2
|
BlackRock California Investment Quality Municipal Trust Schedule of Investments as of January 31, 2008 (Unaudited) |
(in Thousands) |
|
Face |
||||||||
| Amount | Municipal Bonds | Value | ||||||
| $ | 745 | Puerto Rico Public Finance Corporation, Commonwealth Appropriation Revenue Bonds, Series | ||||||
| E, 5.50% due 2/01/2012 (f) | $ | 824 | ||||||
| Total Municipal Bonds (Cost - $19,585) - 144.9% | 20,140 | |||||||
|
Shares Held |
Short-Term Securities | |||||||
| 1,521 | CMA California Municipal Money Fund, 2.12% (g)(h) | 1,521 | ||||||
| Total Short-Term Securities (Cost - $1,521) - 10.9% | 1,521 | |||||||
| Total Investments (Cost - $21,106*) - 155.8% | 21,661 | |||||||
| Liabilities in Excess of Other Assets - (1.8%) | (251 | ) | ||||||
| Preferred Shares, at Redemption Value - (54.0%) | (7,506 | ) | ||||||
| Net Assets Applicable to Common Shares - 100.0% | $ | 13,904 | ||||||
| * | The cost and unrealized appreciation (depreciation) of investments as of January 31, 2008, as | |||||
| computed for federal income tax purposes, were as follows: | ||||||
| Aggregate cost | $ | 21,106 | ||||
| Gross unrealized appreciation | $ | 795 | ||||
| Gross unrealized depreciation | (240 | ) | ||||
| Net unrealized appreciation | $ | 555 | ||||
| (a) |
AMBAC Insured. |
| (b) |
FHLMC Collateralized. |
| (c) |
FNMA/GNMA Collateralized. |
| (d) |
FSA Insured. |
| (e) |
MBIA Insured. |
| (f) |
Prerefunded. |
| (g) |
Investments in companies considered to be an affiliate of the Trust, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: |
|
Net |
Dividend | |||
| Affiliate |
Activity |
Income | ||
|
CMA California Municipal Money
Fund |
1,103 |
$ | 5 | |
| (h) | Represents the current yield as of January 31, 2008. | |||
3
| Item 2 – | Controls and Procedures | |
| 2 (a) – | 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 Exchange Act of 1934, as amended. | ||
| 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) 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 | ||
| Chief Executive Officer of | ||
| BlackRock California Investment Quality Municipal Trust, Inc | ||
| Date: March 24, 2008 | ||
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/ Donald C. Burke
|
|
| Donald C. Burke | ||
| Chief Executive Officer (principal executive officer) of | ||
| BlackRock California Investment Quality Municipal Trust, Inc. | ||
| Date: March 24, 2008 | ||
| By: |
/s/ Neal J. Andrews
|
|
| Neal J. Andrews | ||
| Chief Financial Officer (principal financial officer) of | ||
| BlackRock California Investment Quality Municipal Trust, Inc. | ||
| Date: March 24, 2008 | ||