BlackRock Announces Distribution Increases for Certain Closed-End Funds
NEW YORK--(BUSINESS WIRE)--November 22, 2024--
Today, the BlackRock closed-end funds listed below (each a "Fund," and collectively the "Funds") have announced changes to their monthly distribution amounts per share under their managed distribution plans (each, a "Plan"), as applicable, and declared their December distributions early. Each Fund has adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital.
The Funds' monthly distribution rates for December can be found below:
Key Dates:
Declaration- 11/22/2024 Ex- 12/16/2024 Record- 12/16/2024 Payable- 12/23/2024
Change From Prior Change From Prior
Fund * Ticker Distribution Distribution ($) Distribution (%)
----------------- ------- ------------ ----------------- -----------------
BlackRock
Enhanced Capital
and Income Fund,
Inc. CII $0.141000 $0.041500 42%
----------------- ------- ------------ ----------------- -----------------
BlackRock
Enhanced Equity
Dividend Trust BDJ $0.061900 $0.005700 10%
----------------- ------- ------------ ----------------- -----------------
BlackRock
Enhanced Global
Dividend Trust BOE $0.082700 $0.019700 31%
----------------- ------- ------------ ----------------- -----------------
BlackRock
Enhanced
International
Dividend Trust BGY $0.042600 $0.008800 26%
----------------- ------- ------------ ----------------- -----------------
BlackRock Health
Sciences Trust BME $0.262100 $0.049100 23%
----------------- ------- ------------ ----------------- -----------------
BlackRock Energy
and Resources
Trust BGR $0.097300 $0.021900 29%
----------------- ------- ------------ ----------------- -----------------
BlackRock
Resources &
Commodities
Strategy Trust BCX $0.069700 $0.017900 35%
----------------- ------- ------------ ----------------- -----------------
BlackRock
Utilities,
Infrastructure &
Power
Opportunities
Trust BUI $0.136000 $0.015000 12%
----------------- ------- ------------ ----------------- -----------------
BlackRock Science
and Technology
Trust BST $0.250000 - -
----------------- ------- ------------ ----------------- -----------------
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act"), each of the Funds above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the "Closed-End Funds" section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2024 will be made after the end of the year.
The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment 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, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.
The Funds' estimated sources of the distributions paid as of October 31, 2024 and for their current fiscal year are as follows:
Estimated Allocations as of October 31, 2024
-------------------------------------------------------------------------------------
Net
Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
------- ------------ --------------- ---------- ---------------- ---------------
CII $0.099500 $0 (0%) $0 (0%) $0.099500 (100%) $0 (0%)
------- ------------ --------------- ---------- ---------------- ---------------
BDJ $0.056200 $0.017422 (31%) $0 (0%) $0.038778 (69%) $0 (0%)
------- ------------ --------------- ---------- ---------------- ---------------
BOE(1) $0.063000 $0.014884 (24%) $0 (0%) $0 (0%) $0.048116 (76%)
------- ------------ --------------- ---------- ---------------- ---------------
BGY(1) $0.033800 $0.003015 (9%) $0 (0%) $0.030785 (91%) $0 (0%)
------- ------------ --------------- ---------- ---------------- ---------------
BME(1) $0.213000 $0 (0%) $0 (0%) $0.213000 (100%) $0 (0%)
------- ------------ --------------- ---------- ---------------- ---------------
BGR(1) $0.075400 $0.015903 (21%) $0 (0%) $0 (0%) $0.059497 (79%)
------- ------------ --------------- ---------- ---------------- ---------------
BCX(1) $0.051800 $0.011095 (21%) $0 (0%) $0 (0%) $0.040705 (79%)
------- ------------ --------------- ---------- ---------------- ---------------
BUI(1) $0.121000 $0.001188 (1%) $0 (0%) $0.060793 (50%) $0.059019 (49%)
------- ------------ --------------- ---------- ---------------- ---------------
BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%)
------- ------------ --------------- ---------- ---------------- ---------------
Estimated Allocations for the Fiscal Year through October 31, 2024
-----------------------------------------------------------------------------------------
Net Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
------- ------------ --------------- -------------- ---------------- ---------------
CII $0.995000 $0.059966 (6%) $0 (0%) $0.935034 (94%) $0 (0%)
------- ------------ --------------- -------------- ---------------- ---------------
BDJ $0.562000 $0.329298 (59%) $0 (0%) $0.232702 (41%) $0 (0%)
------- ------------ --------------- -------------- ---------------- ---------------
BOE(1) $0.630000 $0.170921 (27%) $0 (0%) $0 (0%) $0.459079 (73%)
------- ------------ --------------- -------------- ---------------- ---------------
BGY(1) $0.338000 $0.085258 (25%) $0.023488 (7%) $0.207532 (62%) $0.021722 (6%)
------- ------------ --------------- -------------- ---------------- ---------------
BME(1) $2.130000 $0.077558 (4%) $0 (0%) $0.890031 (42%) $1.162411 (54%)
------- ------------ --------------- -------------- ---------------- ---------------
BGR(1) $0.666700 $0.263985 (40%) $0 (0%) $0 (0%) $0.402715 (60%)
------- ------------ --------------- -------------- ---------------- ---------------
BCX(1) $0.518000 $0.199609 (39%) $0 (0%) $0 (0%) $0.318391 (61%)
------- ------------ --------------- -------------- ---------------- ---------------
BUI(1) $1.210000 $0.253187 (21%) $0 (0%) $0.627127 (52%) $0.329686 (27%)
------- ------------ --------------- -------------- ---------------- ---------------
BST $2.500000 $0 (0%) $0 (0%) $2.500000 (100%) $0 (0%)
------- ------------ --------------- -------------- ---------------- ---------------
(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.
The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information:
------------------------------------------------------------------------------
Annualized
Average annual current Cumulative total Cumulative fiscal
total return (in distribution return (in year
relation to NAV) rate expressed relation to NAV) distributions as
for the 5-year as a percentage for the fiscal a percentage of
period ending on of NAV as of year through NAV as of
Fund 9/30/2024 9/30/2024 9/30/2024 9/30/2024
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November 22, 2024 17:23 ET (22:23 GMT)
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