Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
BlackRock Limited Duration Income Trust (NYSE: BLW) announced an increase in its monthly distribution rate and BlackRock Municipal 2030 Target Term Trust (NYSE: BTT) announced a decrease in its monthly distribution rate. Generally, these distribution changes were made in order to better align the applicable Fund’s distribution rate with its current and projected level of earnings.
Effective with today’s distribution, each of BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) will pay monthly distributions to shareholders at an annual rate of 6% of the Fund’s 12-month rolling average daily net asset value to be calculated 5 business days prior to declaration date. The October 2023 distribution was calculated based on the average net asset value from September 23, 2022 to September 22, 2023. Below are the 12-month rolling average daily net asset values used to calculate each Fund’s October distribution:
BSTZ: $20.640996
BMEZ: $18.635578
BIGZ: $9.114582
BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) declared a special distribution in order to satisfy its December 31, 2022 distribution requirement.
BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ) declared its November and December distributions early in order to satisfy the Fund’s December 31, 2022 remaining distribution requirements.
Municipal Funds:
Declaration- 10/2/2023 Ex-Date- 10/13/2023 Record- 10/16/2023 Payable- 11/1/2023
National Funds | Ticker | Distribution | Change From Prior Distribution |
BYM | $0.038000 | - | |
BTA | $0.043500 | - | |
MUA | $0.040500 | - | |
MUI | $0.034000 | - | |
BFK | $0.030500 | - | |
BKN | $0.039500 | - | |
BLE | $0.034000 | - | |
BTT | $0.046400 | (0.010000) | |
MHD | $0.035500 | - | |
MQT | $0.035000 | - | |
MQY | $0.043500 | - | |
MUE | $0.029000 | - | |
MVT | $0.031500 | - | |
MYD | $0.036500 | - | |
MYI | $0.040500 | - | |
MVF | $0.021000 | - | |
BMN | $0.093750 | - | |
State-Specific Funds | Ticker | Distribution | Change From Prior Distribution |
MUC | $0.033500 | - | |
BFZ | $0.039000 | - | |
MIY | $0.034500 | - | |
MUJ | $0.037500 | - | |
MHN | $0.033500 | - | |
MYN | $0.031500 | - | |
BNY | $0.030500 | - | |
MPA | $0.034000 | - | |
BHV | $0.026500 | - |
Taxable Municipal Fund:
Declaration- 10/2/2023 Ex-Date- 10/13/2023 Record- 10/16/2023 Payable-10/31/2023
Fund | Ticker | Distribution | Change From Prior Distribution | |
BBN | $0.092900 | - |
Taxable Fixed Income Funds:
Declaration- 10/2/2023 Ex-Date- 10/13/2023 Record- 10/16/2023 Payable-10/31/2023
Fund | Ticker | Distribution | Change From Prior Distribution |
BGT | $0.113580 | - | |
BHK | $0.074600 | - | |
BIT | $0.123700 | - | |
BKT | $0.088200 | - | |
BLW | $0.107900 | +0.00980 | |
BTZ | $0.083900 | - | |
DSU | $0.091050 | - | |
EGF | $0.041000 | - | |
FRA | $0.117020 | - | |
HYT | $0.077900 | - |
Equity Funds:
Declaration- 10/2/2023 Ex-Date- 10/13/2023 Record- 10/16/2023 Payable-10/31/2023
Fund | Ticker | Distribution | Change From Prior Distribution |
BCX | $0.051800 | - | |
BDJ | $0.056200 | - | |
BGR | $0.065700 | - | |
BGY | $0.033800 | - | |
BME | $0.213000 | - | |
BMEZ | $0.093180 | (0.051820) | |
BOE | $0.063000 | - | |
BlackRock Utilities, Infrastructure & Power Opportunities Trust* | BUI | $0.121000 | - |
CII | $0.099500 | - | |
BST | $0.250000 | - | |
BSTZ | $0.103210 | (0.058090) | |
BIGZ | $0.045580 | (0.024420) |
Multi-Asset Funds:
Declaration- 10/2/2023 Ex-Date- 10/13/2023 Record- 10/16/2023 Payable-10/31/2023
Fund | Ticker | Distribution | Change From Prior Distribution |
BCAT | $0.127500 | - | |
ECAT | $0.125000 | - |
BlackRock 2037 Municipal Target Term Trust (BMN) special distribution
Declaration- 10/2/2023 Ex-Date- 12/14/2023 Record- 12/15/2023 Payable- 12/29/2023
Fund | Ticker | Short-term capital gain | |
BlackRock 2037 Municipal Target Term Trust | BMN | $0.002169 |
Early Declaration of Monthly Distributions for BlackRock Enhanced Equity Dividend Trust (BDJ)
November 2023 Distribution:
Declaration- 10/2/2023 Ex-Date- 11/14/2023 Record- 11/15/2023 Payable- 11/30/2023
Fund | Ticker | Distribution | Change From Prior Distribution |
BlackRock Enhanced Equity Dividend Trust | BDJ | $0.056200 | - |
December 2023 Distribution:
Declaration- - 10/2/2023 Ex-Date- 12/14/2023 Record- 12/15/2023 Payable- 12/20/2023
Fund | Ticker | Distribution | Change From Prior Distribution | |
BlackRock Enhanced Equity Dividend Trust | BDJ | $0.056200 | - |
* 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 noted 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 2023 will be made after the end of the year.
BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), and BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (collectively, the “Plan Funds”) have adopted a managed distribution plan (a “Plan”) to support a level distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Plan Fund’s Board of Directors/Trustees. Under its Plan, each Plan 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 investment income is not available on a monthly basis, each Plan Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.
Effective with today’s distribution, each of BMEZ, BSTZ and BIGZ will pay monthly distributions to shareholders at an annual rate of 6% of the Fund’s 12-month rolling average daily net asset value to be calculated 5 business days prior to declaration date of each distribution. The annual distribution rate is subject to change at the discretion of each Fund’s Board of Trustees. Under its Plan, each of BMEZ, BSTZ and BIGZ will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient investment income is not available for a monthly distribution, each of BMEZ, BSTZ and BIGZ will distribute long-term capital gains and/or return capital to its shareholders in order to maintain its stated annual distribution rate under the Plan.
The Funds’ estimated sources of the distributions paid this month and for their current fiscal year are as follows:
Estimated Allocations as of September 29, 2023 | |||||||
Fund | Distribution | Net Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital | ||
BCX1 | $0.051800 | $0.050251 (97%) | $0 (0%) | $0 (0%) | $0.001549 (3%) | ||
BDJ | $0.056200 | $0.014907 (27%) | $0.041293 (73%) | $0 (0%) | $0 (0%) | ||
BGR1 | $0.065700 | $0.040894 (62%) | $0 (0%) | $0 (0%) | $0.024806 (38%) | ||
BGY1 | $0.033800 | $0.000249 (1%) | $0 (0%) | $0 (0%) | $0.033551 (99%) | ||
BME1 | $0.213000 | $0.032570 (15%) | $0 (0%) | $0.066087 (31%) | $0.114343 (54%) | ||
BMEZ1 | $0.145000 | $0 (0%) | $0 (0%) | $0 (0%) | $0.145000 (100%) | ||
BOE1 | $0.063000 | $0.009053 (14%) | $0 (0%) | $0 (0%) | $0.053947 (86%) | ||
BUI1 | $0.121000 | $0.028697 (24%) | $0.092303 (76%) | $0 (0%) | $0 (0%) | ||
CII | $0.099500 | $0.009881 (10%) | $0 (0%) | $0.089619 (90%) | $0 (0%) | ||
BST1 | $0.250000 | $0 (0%) | $0 (0%) | $0 (0%) | $0.250000 (100%) | ||
BSTZ1 | $0.161300 | $0 (0%) | $0 (0%) | $0.134637 (83%) | $0.026663 (17%) | ||
BIGZ1 | $0.070000 | $0 (0%) | $0 (0%) | $0 (0%) | $0.070000 (100%) | ||
EGF1 | $0.041000 | $0.023213 (57%) | $0 (0%) | $0 (0%) | $0.017787 (43%) | ||
DSU1 | $0.091050 | $0.086990 (96%) | $0 (0%) | $0 (0%) | $0.004060 (4%) | ||
FRA1 | $0.117020 | $0.109754 (94%) | $0 (0%) | $0 (0%) | $0.007266 (6%) | ||
BGT1 | $0.113580 | $0.108698 (96%) | $0 (0%) | $0 (0%) | $0.004882 (4%) | ||
HYT1 | $0.077900 | $0.059718 (77%) | $0 (0%) | $0 (0%) | $0.018182 (23%) | ||
BTZ1 | $0.083900 | $0.053775 (64%) | $0 (0%) | $0 (0%) | $0.030125 (36%) | ||
BLW1 | $0.098100 | $0.098100 (100%) | $0 (0%) | $0 (0%) | $0 (0%) | ||
BHK1 | $0.074600 | $0.047882 (64%) | $0 (0%) | $0 (0%) | $0.026718 (36%) | ||
BIT1 | $0.123700 | $0.074421 (60%) | $0 (0%) | $0 (0%) | $0.049279 (40%) | ||
BCAT1 | $0.127500 | $0.033094 (26%) | $0 (0%) | $0 (0%) | $0.094406 (74%) | ||
ECAT1 | $0.125000 | $0.022022 (18%) | $0 (0%) | $0 (0%) | $0.102978 (82%) | ||
Estimated Allocations for the Fiscal Year through September 29, 2023 | |||||
Fund | Distribution | Net Income | Net Realized Short-Term Gains | Net Realized Long-Term Gains | Return of Capital |
BCX1 | $0.466200 | $0.231890 (50%) | $0 (0%) | $0 (0%) | $0.234310 (50%) |
BDJ | $0.505800 | $0.229270 (45%) | $0.059290 (12%) | $0.217240 (43%) | $0 (0%) |
BGR1 | $0.576900 | $0.283810 (49%) | $0 (0%) | $0 (0%) | $0.293090 (51%) |
BGY1 | $0.304200 | $0.081770 (27%) | $0 (0%) | $0.163220 (54%) | $0.059210 (19%) |
BME1 | $1.917000 | $0.106330 (6%) | $0 (0%) | $1.019710 (53%) | $0.790960 (41%) |
BMEZ1 | $1.305000 | $0 (0%) | $0 (0%) | $0 (0%) | $1.305000 (100%) |
BOE1 | $0.567000 | $0.177420 (31%) | $0 (0%) | $0 (0%) | $0.389580 (69%) |
BUI1 | $1.089000 | $0.331290 (30%) | $0.281370 (26%) | $0.417860 (39%) | $0.058480 (5%) |
CII |