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30-05-2025
- Business
- Yahoo
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK, May 30, 2025--(BUSINESS WIRE)--Today, 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 Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), BlackRock Enhanced Large Cap Core Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Technology and Private Equity Term Trust (NYSE: BTX), BlackRock Capital Allocation Term Trust (NYSE: BCAT), and BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (collectively, the "Funds") paid the following distributions per share: Fund Pay Date Per Share BCX May 30, 2025 $0.069700 BDJ May 30, 2025 $0.061900 BGR May 30, 2025 $0.097300 BGY May 30, 2025 $0.042600 BME May 30, 2025 $0.262100 BMEZ May 30, 2025 $0.171210 BOE May 30, 2025 $0.082700 BUI May 30, 2025 $0.136000 CII May 30, 2025 $0.141000 BST May 30, 2025 $0.250000 BSTZ May 30, 2025 $0.219200 BTX May 30, 2025 $0.082340 BCAT May 30, 2025 $0.281320 ECAT May 30, 2025 $0.299770 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, BTX, BCAT and ECAT a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BTX) and 20% (for BCAT and ECAT) 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. Each Fund's estimated sources of the distributions paid May 30, 2025 and for its current fiscal year are as follows: Estimated Allocations as of May 30, 2025 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.069700 $0.014111 (20%) $0 (0%) $0 (0%) $0.055589 (80%) BDJ $0.061900 $0.015428 (25%) $0.006451 (10%) $0.040021 (65%) $0 (0%) BGR1 $0.097300 $0.016267 (17%) $0 (0%) $0 (0%) $0.081033 (83%) BGY1 $0.042600 $0.032396 (76%) $0 (0%) $0.010204 (24%) $0 (0%) BME $0.262100 $0 (0%) $0 (0%) $0.262100 (100%) $0 (0%) BMEZ1 $0.171210 $0 (0%) $0 (0%) $0 (0%) $0.171210 (100%) BOE1 $0.082700 $0.024583 (30%) $0 (0%) $0.058117 (70%) $0 (0%) BUI $0.136000 $0.031777 (23%) $0.019076 (14%) $0.085147 (63%) $0 (0%) CII $0.141000 $0 (0%) $0 (0%) $0.141000 (100%) $0 (0%) BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%) BSTZ $0.219200 $0 (0%) $0 (0%) $0.219200 (100%) $0 (0%) BTX1 $0.082340 $0 (0%) $0 (0%) $0 (0%) $0.082340 (100%) BCAT1 $0.281320 $0.048342 (17%) $0 (0%) $0 (0%) $0.232978 (83%) ECAT1 $0.299770 $0.031324 (10%) $0 (0%) $0 (0%) $0.268446 (90%) Estimated Allocations for the Fiscal Year through May 30, 2025 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BCX1 $0.348500 $0.091412 (26%) $0 (0%) $0 (0%) $0.257088 (74%) BDJ $0.309500 $0.244379 (79%) $0.006451 (2%) $0.058670 (19%) $0 (0%) BGR1 $0.486500 $0.125900 (26%) $0 (0%) $0 (0%) $0.360600 (74%) BGY1 $0.213000 $0.061849 (29%) $0 (0%) $0.029762 (14%) $0.121389 (57%) BME1 $1.310500 $0.025851 (2%) $0 (0%) $1.264652 (96%) $0.019997 (2%) BMEZ1 $0.876970 $0 (0%) $0 (0%) $0 (0%) $0.876970 (100%) BOE1 $0.413500 $0.077915 (19%) $0 (0%) $0.185201 (45%) $0.150384 (36%) BUI $0.680000 $0.065711 (10%) $0.019076 (3%) $0.595213 (87%) $0 (0%) CII $0.705000 $0 (0%) $0 (0%) $0.705000 (100%) $0 (0%) BST $1.250000 $0 (0%) $0 (0%) $1.250000 (100%) $0 (0%) BSTZ $1.105720 $0 (0%) $0 (0%) $1.105720 (100%) $0 (0%) BTX1 $0.426340 $0 (0%) $0 (0%) $0 (0%) $0.426340 (100%) BCAT1 $1.430620 $0.120094 (8%) $0 (0%) $0 (0%) $1.310526 (92%) ECAT1 $1.524000 $0.068607 (5%) $0 (0%) $0 (0%) $1.455393 (95%) 1The 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: Fund Average annual total return (in relation to NAV) for the 5-year period ending on 4/30/2025 Annualized current distribution rate expressed as a percentage of NAV as of 4/30/2025 Cumulative total return (in relation to NAV) for the fiscal year through 4/30/2025 Cumulative fiscal year distributions as a percentage of NAV as of 4/30/2025 BCX 14.60% 8.62% 4.37% 2.87% BDJ 12.08% 8.36% 1.41% 2.79% BGR 17.52% 8.95% (2.41%) 2.98% BGY 9.32% 8.46% 5.33% 2.82% BME 6.72% 7.77% 0.88% 2.59% BMEZ 2.87% 13.53% (3.31%) 4.65% BOE 10.14% 8.49% (0.05%) 2.83% BUI 11.32% 7.04% 4.75% 2.35% CII 13.18% 8.52% (4.67%) 2.84% BST 9.75% 8.67% (10.22%) 2.89% BSTZ 8.09% 13.76% (13.52%) 4.64% BTX* (15.90%) 15.09% (17.80%) 5.25% BCAT* 4.78% 22.09% 0.29% 7.52% ECAT* 5.78% 22.37% (1.34%) 7.61% * Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 4/30/ should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the Fund's Plan. BlackRock Income Trust, Inc. (NYSE: BKT), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Taxable Municipal Bond Trust (NYSE: BBN), 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) and BlackRock Multi-Sector Income Trust (NYSE: BIT) have adopted a Plan to support a level monthly 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 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 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 stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the "1940 Act"). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act. Each Fund's estimated sources of the distributions paid May 30, 2025 and for its current fiscal year are as follows: Estimated Allocations as of May 30, 2025 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT2 $0.088200 $0.037638 (43%) $0 (0%) $0 (0%) $0.050562 (57%) DSU2 $0.098730 $0.062975 (64%) $0 (0%) $0 (0%) $0.035755 (36%) FRA2 $0.123840 $0.076270 (62%) $0 (0%) $0 (0%) $0.047570 (38%) BBN2 $0.092900 $0.078792 (85%) $0 (0%) $0 (0%) $0.014108 (15%) BGT2 $0.120280 $0.073491 (61%) $0 (0%) $0 (0%) $0.046789 (39%) HYT2 $0.077900 $0.059385 (76%) $0 (0%) $0 (0%) $0.018515 (24%) BTZ2 $0.083900 $0.060538 (72%) $0 (0%) $0 (0%) $0.023362 (28%) BLW2 $0.113200 $0.086629 (77%) $0 (0%) $0 (0%) $0.026571 (23%) BHK2 $0.074600 $0.049308 (66%) $0 (0%) $0 (0%) $0.025292 (34%) BIT2 $0.123700 $0.075549 (61%) $0 (0%) $0 (0%) $0.048151 (39%) Estimated Allocations for the Fiscal Year through May 30, 2025 Fund Distribution Net Income Net Realized Short-Term Gains Net Realized Long-Term Gains Return of Capital BKT2 $0.441000 $0.176270 (40%) $0 (0%) $0 (0%) $0.264730 (60%) DSU2 $0.493650 $0.303399 (61%) $0 (0%) $0 (0%) $0.190251 (39%) FRA2 $0.619200 $0.393525 (64%) $0 (0%) $0 (0%) $0.225675 (36%) BBN2 $0.464500 $0.399895 (86%) $0 (0%) $0 (0%) $0.064605 (14%) BGT2 $0.601400 $0.360225 (60%) $0 (0%) $0 (0%) $0.241175 (40%) HYT2 $0.389500 $0.288880 (74%) $0 (0%) $0 (0%) $0.100620 (26%) BTZ2 $0.419500 $0.291695 (70%) $0 (0%) $0 (0%) $0.127805 (30%) BLW2 $0.566000 $0.423608 (75%) $0 (0%) $0 (0%) $0.142392 (25%) BHK2 $0.373000 $0.246869 (66%) $0 (0%) $0 (0%) $0.126131 (34%) BIT2 $0.618500 $0.377583 (61%) $0 (0%) $0 (0%) $0.240917 (39%) 2The 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. Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes. Fund Performance and Distribution Rate Information: Fund Average annual total return (in relation to NAV) for the 5-year period ending on 4/30/2025 Annualized current distribution rate expressed as a percentage of NAV as of 4/30/2025 Cumulative total return (in relation to NAV) for the fiscal year through 4/30/2025 Cumulative fiscal year distributions as a percentage of NAV as of 4/30/2025 BKT (1.20%) 8.81% 4.85% 2.94% DSU 9.17% 11.54% 0.32% 3.85% FRA 9.09% 11.99% (0.13%) 4.00% BBN 0.46% 6.47% 2.66% 2.16% BGT 9.19% 11.94% (0.01%) 3.98% HYT 7.96% 9.92% 0.62% 3.31% BTZ 3.98% 9.07% 1.60% 3.02% BLW 7.18% 9.90% 0.94% 3.30% BHK (0.56%) 8.73% 2.51% 2.91% BIT 8.84% 10.47% 1.13% 3.49% No conclusions should be drawn about a Fund's investment performance from the amount of the Fund's distributions or from the terms of the Fund's Plan. The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund's Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund's shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund's shares. About BlackRock BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit Availability of Fund Updates BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the "Closed-end Funds" section of as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock's website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock's website in this release. Forward-Looking Statements This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund's or BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions. BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund's net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock's ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission ("SEC") are accessible on the SEC's website at and on BlackRock's website at and may discuss these or other factors that affect the Funds. The information contained on BlackRock's website is not a part of this press release. View source version on Contacts 1-800-882-0052 Sign in to access your portfolio
Yahoo
19-05-2025
- Politics
- Yahoo
DeSantis signs law that restricts when authorities can stop boaters
Gov. Ron DeSantis signed into law the Boater Freedom Act on Monday, which places new restrictions on when state and local law enforcement can stop boaters and board their vessels. DeSantis was joined at the a news conference in Panama City ahead of Memorial Day weekend by sponsors Rep. Griff Griffitts and Sen. Jay Trumbell, who touted SB 1388 as one that rids boaters of 'government overreach.' The bill, which goes into effect July 1, says an officer cannot stop a boat or board someone's boat solely to do a safety or equipment inspection. Officers are only allowed to stop a boat when there is probable cause of a violation. DeSantis at the news conference Monday said the law previously allowed officers to stop boaters without probable cause or suspicion of any violation in order to conduct safety inspections, like property searches, which could then lead to unexpected further law enforcement action. Boaters will be protected from 'suspicionless searches' under the new law, DeSantis said. He appeared to reference one stop of a boater that went viral online, where Florida Fish and Wildlife Conservation Commission officers pulled a Jupiter man over for violating a slow speed minimum wake zone and then arrested him for BUI, even though testing later proved he was sober. 'If there's a basis to intervene, that's one thing … But to just go in without any basis is not the way we want to do it in the state of Florida,' DeSantis said. 'And I think it's unnecessarily created friction between the boating community and some folks in law enforcement.' Trumbell, a frequent boater himself, said one of his neighbors shared with him that he had been stopped by law enforcement out on the water three times in the same day last year for random safety inspections. The bill does not get rid of inspections, he said, but 'ensures that they happen for the right reasons and not at random.' 'We do respect our law enforcement officers and their mission, but there has to be a balance,' he said. 'This bill is about restoring common sense to marine enforcement.' Boaters will be able to receive a 'Florida Freedom Boater' decal to show law enforcement that they are keeping the needed safety requirements and 'strikes an appropriate balance between ensuring compliance with boating laws and reducing unnecessary disruptions for law-abiding boaters,' the governor's office said in a news release Monday. The law also prohibits state and any local governments from imposing restrictions on the types of boats people can use or sell based on the fuel it uses. DeSantis said there has been a 'movement' with some local governments to regulate boat usage based on its energy source. 'We know a lot of families opt for used vessels and of course they're gonna be gas powered,' he said. 'People want to be able to afford this, and if you impose these draconian restrictions, you're not gonna be able to do it.'
