Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK--(BUSINESS WIRE)--March 28, 2024--
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Today, BlackRock Resources & Commodities Strategy Trust $(BCX)$, BlackRock Enhanced Equity Dividend Trust $(BDJ)$, BlackRock Energy and Resources Trust $(BGR)$, BlackRock Enhanced International Dividend Trust $(BGY)$, BlackRock Health Sciences Trust $(BME)$, BlackRock Health Sciences Term Trust $(BMEZ)$, BlackRock Enhanced Global Dividend Trust $(BOE)$, BlackRock Utilities, Infrastructure & Power Opportunities Trust $(BUI)$, BlackRock Enhanced Capital and Income Fund, Inc. $(CII)$, BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Term Trust $(BSTZ)$, BlackRock Innovation and Growth Term Trust $(BIGZ)$, BlackRock Capital Allocation Term Trust $(BCAT)$, and BlackRock ESG Capital Allocation Term Trust $(ECAT)$ (collectively, the "Funds") paid the following distributions per share:
Fund Pay Date Per Share ----- --------------- --------- BCX March 28, 2024 $0.051800 ----- --------------- --------- BDJ March 28, 2024 $0.056200 ----- --------------- --------- BGR March 28, 2024 $0.065700 ----- --------------- --------- BGY March 28, 2024 $0.033800 ----- --------------- --------- BME March 28, 2024 $0.213000 ----- --------------- --------- BMEZ March 28, 2024 $0.090030 ----- --------------- --------- BOE March 28, 2024 $0.063000 ----- --------------- --------- BUI March 28, 2024 $0.121000 ----- --------------- --------- CII March 28, 2024 $0.099500 ----- --------------- --------- BST March 28, 2024 $0.250000 ----- --------------- --------- BSTZ March 28, 2024 $0.103540 ----- --------------- --------- BIGZ March 28, 2024 $0.044460 ----- --------------- --------- BCAT March 28, 2024 $0.127500 ----- --------------- --------- ECAT March 28, 2024 $0.150000 ----- --------------- ---------
Each of the Funds has adopted a managed distribution plan (the "Plan") to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ and BIGZ a monthly distribution based on an annual rate of 6% of the Fund's 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund's Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the "Code"). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, the Funds will distribute long-term capital gains and/or return capital to their shareholders in order to maintain a level distribution.
The Funds' estimated sources of the distributions paid this month and for their current fiscal year are as follows:
Estimated Allocations as of March 28, 2024
----------------------------------------------------------------------------------------
Net
Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
-------- ------------ ---------------- ---------- ---------------- ----------------
BCX(1) $0.051800 $0.051800 (100%) $0 (0%) $0 (0%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BDJ $0.056200 $0.056200 (100%) $0 (0%) $0 (0%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BGR(1) $0.065700 $0.064310 (98%) $0 (0%) $0 (0%) $0.001390 (2%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BGY(1) $0.033800 $0.005090 (15%) $0 (0%) $0 (0%) $0.028710 (85%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BME(1) $0.213000 $0.035440 (17%) $0 (0%) $0 (0%) $0.177560 (83%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BMEZ(1) $0.090030 $0 (0%) $0 (0%) $0 (0%) $0.090030 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BOE(1) $0.063000 $0.023050 (37%) $0 (0%) $0 (0%) $0.039950 (63%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BUI(1) $0.121000 $0.047890 (40%) $0 (0%) $0 (0%) $0.073110 (60%)
-------- ------------ ---------------- ---------- ---------------- ----------------
CII $0.099500 $0.015130 (15%) $0 (0%) $0.084370 (85%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BSTZ(1) $0.103540 $0 (0%) $0 (0%) $0 (0%) $0.103540 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BIGZ(1) $0.044460 $0 (0%) $0 (0%) $0 (0%) $0.044460 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BCAT(1) $0.127500 $0 (0%) $0 (0%) $0 (0%) $0.127500 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
ECAT(1) $0.150000 $0 (0%) $0 (0%) $0 (0%) $0.150000 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
Estimated Allocations for the Fiscal Year through March 28, 2024
----------------------------------------------------------------------------------------
Net
Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
-------- ------------ ---------------- ---------- ---------------- ----------------
BCX(1) $0.155400 $0.065270 (42%) $0 (0%) $0 (0%) $0.090130 (58%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BDJ $0.168600 $0.168600 (100%) $0 (0%) $0 (0%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BGR(1) $0.197100 $0.094230 (48%) $0 (0%) $0 (0%) $0.102870 (52%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BGY(1) $0.101400 $0.005090 (5%) $0 (0%) $0 (0%) $0.096310 (95%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BME(1) $0.639000 $0.038200 (6%) $0 (0%) $0 (0%) $0.600800 (94%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BMEZ(1) $0.271380 $0 (0%) $0 (0%) $0 (0%) $0.271380 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BOE(1) $0.189000 $0.038790 (21%) $0 (0%) $0 (0%) $0.150210 (79%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BUI(1) $0.363000 $0.077290 (21%) $0 (0%) $0 (0%) $0.285710 (79%)
-------- ------------ ---------------- ---------- ---------------- ----------------
CII $0.298500 $0.031720 (11%) $0 (0%) $0.266780 (89%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BST(1) $0.750000 $0 (0%) $0 (0%) $0.750000 (100%) $0 (0%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BSTZ $0.309510 $0 (0%) $0 (0%) $0 (0%) $0.309510 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BIGZ(1) $0.133840 $0 (0%) $0 (0%) $0 (0%) $0.133840 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
BCAT(1) $0.382500 $0.000000 (0%) $0 (0%) $0 (0%) $0.382500 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
ECAT(1) $0.450000 $0.000000 (0%) $0 (0%) $0 (0%) $0.450000 (100%)
-------- ------------ ---------------- ---------- ---------------- ----------------
(1) The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share.
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