Latest news with #InternalRevenueCodeof1986
Yahoo
08-07-2025
- Business
- Yahoo
MidCap Financial Investment Corporation Schedules Earnings Release and Conference Call for Quarter Ended June 30, 2025
NEW YORK, July 08, 2025 (GLOBE NEWSWIRE) -- MidCap Financial Investment Corporation (NASDAQ: MFIC) (the 'Company') announced today that it will report results for the quarter ended June 30, 2025, after the closing of the Nasdaq Global Select Market on Monday, August 11, 2025. The Company will also host a conference call on Tuesday, August 12, 2025, at 8:30 a.m. Eastern Time. All interested parties are welcome to participate in the conference call by dialing (800) 225-9448 approximately 5-10 minutes prior to the call; international callers should dial (203) 518-9708. Participants should reference either MidCap Financial Investment Corporation Earnings or Conference ID: MFIC0812 when prompted. A simultaneous webcast of the conference call will be available to the public on a listen-only basis and can be accessed through the Events Calendar in the Shareholders section of our website at Following the call, you may access a replay of the event either telephonically or via audio webcast. The telephonic replay will be available approximately two hours after the live call and through September 2, 2025, by dialing (800) 753-4652; international callers should dial (402) 220-4235. A replay of the audio webcast will also be available later that same day. To access the audio webcast please visit the Events Calendar in the Shareholders section of our website at About MidCap Financial Investment Corporation MidCap Financial Investment Corporation (NASDAQ: MFIC) is a closed-end, externally managed, diversified management investment company that has elected to be treated as a business development company ('BDC') under the Investment Company Act of 1940 (the '1940 Act'). For tax purposes, the Company has elected to be treated as a regulated investment company ('RIC') under Subchapter M of the Internal Revenue Code of 1986, as amended (the 'Code'). The Company is externally managed by Apollo Investment Management, L.P., an affiliate of Apollo Global Management, Inc. and its consolidated subsidiaries, a high-growth global alternative asset manager. The Company's investment objective is to generate current income and, to a lesser extent, long-term capital appreciation. The Company primarily invests in directly originated and privately negotiated first lien senior secured loans to privately held U.S. middle-market companies, which the Company generally defines as companies with less than $75 million in EBITDA, as may be adjusted for market disruptions, mergers and acquisitions-related charges and synergies, and other items. To a lesser extent, the Company may invest in other types of securities including, first lien unitranche, second lien senior secured, unsecured, subordinated, and mezzanine loans, and equities in both private and public middle market companies. For more information, please visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, including, but not limited to, statements as to our future operating results; our business prospects and the prospects of our portfolio companies; the impact of investments that we expect to make; our contractual arrangements and relationships with third parties; the dependence of our future success on the general economy and its impact on the industries in which we invest; the ability of our portfolio companies to achieve their objectives; our expected financings and investments; the adequacy of our cash resources and working capital; and the timing of cash flows, if any, from the operations of our portfolio companies. We may use words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'will,' 'should,' 'may' and similar expressions to identify forward-looking statements. Such statements are based on currently available operating, financial and competitive information and are subject to various risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations. Statements regarding the following subjects, among others, may be forward-looking: the return on equity; the yield on investments; the ability to borrow to finance assets; new strategic initiatives; the ability to reposition the investment portfolio; the market outlook; future investment activity; and risks associated with investing in real estate assets, including changes in business conditions and the general economy. Undue reliance should not be placed on such forward-looking statements as such statements speak only as of the date on which they are made. We do not undertake to update our forward-looking statements unless required by law. Contact Elizabeth BesenInvestor Relations ManagerMidCap Financial Investment Corporation(212) 822-0625ebesen@ in to access your portfolio
Coin Geek
08-07-2025
- Business
- Coin Geek
Cynthia Lummis digital asset tax bill seeks capital gain reforms
Getting your Trinity Audio player ready... United States Senator Cynthia Lummis (R-WY) has introduced 'comprehensive digital asset tax legislation' that would provide, amongst other measures, exemptions on gains from digital asset transactions, an end to the so-called 'double taxation' of digital asset miners and stakers, and greater parity with how other asset types are treated. On July 3, Senator Lummis—a prominent supporter of the digital asset space and chair of the Senate digital assets subcommittee—published a bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets, which the Wyoming Republican claimed would 'generate approximately $600 million in net revenue during the 2025-2034 budget window.' The legislation proposes several tax reforms to benefit the digital asset space, whilst bringing the asset class more in line with the treatment of other securities and commodities in certain areas . 'In order to maintain our competitive edge, we must change our tax code to embrace our digital economy, not burden digital asset users,' said Lummis. 'This groundbreaking legislation is fully paid-for, cuts through the bureaucratic red tape and establishes common-sense rules that reflect how digital technologies function in the real world.' She added that U.S. lawmakers 'cannot allow our archaic tax policies to stifle American innovation, and my legislation ensures Americans can participate in the digital economy without inadvertent tax violations.' Tax exception for small transactions First on the list of changes would be a 'de minimis exclusion' from taxation for digital asset gains or losses of $300 or less, with a $5,000 yearly total cap—unless 'the sale or exchange is for cash or cash equivalents' (including payment stablecoins), property used in active trade or business, or property held for income production. 'This provision recognizes the impracticality of tracking every small digital asset transaction, such as buying coffee with Bitcoin, which creates enormous compliance burdens for ordinary users,' said a press release from Lummis' office, published last July 3. 'The $300 threshold strikes a reasonable balance between tax compliance and practical usability of digital assets as a medium of exchange.' This proposal aims to boost the market for small digital asset transactions and payments, and would be especially beneficial to micropayment markets. Mining and staking Another significant proposal in the bill aims to end the controversial 'double taxation' of digital asset miners. Under the IRS's existing rules, a U.S. taxpayer who successfully mines digital assets must treat the 'fair market value' of the recently created assets as gross income at the moment it is 'created'—meaning, the creation of the asset triggers a taxable event. However, when the miner later sells or exchanges those assets, a second taxable event occurs on any appreciation or loss over the original value at the time of sale. In other words, digital asset miners are effectively being taxed twice on the same assets under current U.S. tax rules—first at creation and then again at disposition. Lummis seeks to end this double taxation by amending the rules to make mining and staking income not recognized until the sale or disposition of the produced assets (the second taxable event), and treat it as ordinary income when recognized. 'This aligns the taxation of mining and staking rewards with the actual realization of economic benefit, rather than forcing recognition based on volatile and often uncertain fair market values at the time of receipt,' said the press release. 'The approach prevents cash flow problems where taxpayers owe taxes on assets they haven't sold and may not be able to liquidate easily.' Aligning with other asset classes Further notable changes proposed by the bill include expanding securities lending rules to include digital assets, which prevents a result where temporarily lending digital assets would trigger immediate tax consequences and potentially discourage legitimate lending markets in digital assets—a situation that Lummis described as 'absurd.' Another reform involves closing an 'unfair loophole' where digital asset investors could engage in tax-loss harvesting strategies—whereby an investor sells an asset at a loss to offset capital gains taxes—unavailable to traditional securities investors. This can be done for gaming capital gains tax, but also as a form of 'wash trading,' in which a trader sells a security at a loss and buys a 'substantially identical' security within 30 days before or after the sale—a practice that can be used to mislead investors into believing that trading volumes for a security are higher than they really are. Senator Lummis' bill proposes adding digital assets to an IRS rule that bars taxpayers from deducting from their taxable income losses that result from wash trades of securities; an exception was included for dealers and hedging transactions. The bill would also allow dealers and traders in digital assets to elect 'mark-to-market treatment,' also known as 'fair value accounting,' whereby the balance sheet shows assets at their fair market value, which may be higher or lower than cost. 'This provides digital asset dealers and traders with the same tax treatment available to their securities and commodities counterparts, eliminating arbitrary discrimination based on asset type,' said Lummis' announcement. Lastly, the proposed legislation would exempt actively traded digital assets from 'qualified appraisal' requirements for charitable contributions, thus removing 'an unnecessary bureaucratic barrier that has discouraged charitable giving of digital assets.' Based on the current IRS rules, donations of non-cash assets—whether commodities, securities, or digital assets—valued at more than $5,000 generally require a 'qualified appraisal' to prove that the stated value of the assets is accurate. However, publicly traded securities are exempt, as their fair market value can be readily determined from the current trading price. According to Lummis' bill, digital assets should also be exempt, as they often have readily determinable fair market values through active trading. Removing this requirement, suggested the Senator's press release, would encourage philanthropy while recognizing that actively traded digital assets should be treated similarly to publicly traded securities for valuation purposes. The tax reform bill will now head into the long U.S. legislative process, beginning with debate and subsequent vote in the Senate, at an as-yet-unspecified time in the next few months. Watch: Reggie Middleton on DeFi, booms/busts & crypto regulation title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen>
Business Insider
25-06-2025
- Business
- Business Insider
First Solar agrees to sell production tax credits for $296.27M
In a regulatory 8-K filing, the company stated: 'On June 20, 2025 – effective date – First Solar (FSLR), Inc. entered into a Tax Credit Transfer Agreement with a leading financial institution. Pursuant to the Agreement, the Company agreed to sell to the Purchaser $311,858,186.10 of advanced manufacturing production tax credits generated by the production of certain module components in the United States and the sale of such components to third parties during the first part of 2025 pursuant to Section 45X of the Internal Revenue Code of 1986, as amended. Pursuant to the Agreement, the purchase price for such Tax Credits was $296,265,276.80, payable in a single installment on the Effective Date.' Confident Investing Starts Here:
Newsweek
13-06-2025
- Business
- Newsweek
Student Loan Update: How Republican Bill Would Impact Married Borrowers
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Senate Republicans are eyeing a change to student loan payments that could have key implications for married couples. Newsweek reached out to the Senate Health, Education, Labor and Pensions (HELP) committee for comment via email on Friday. Why It Matters Senate Republicans unveiled the first public draft of the reconciliation bill this week after the House of Representatives passed President Donald Trump's "Big Beautiful Bill Act" last month. The bill would reshape the federal student loan system and includes one change from the House bill that, if not adjusted, could lead to higher payments for married couples who have borrowed student loans. What To Know Under current repayment plans, married couples who file their taxes as married-filing-jointly can have their income-driven repayment (IDR) plans based on their own adjusted gross income (AGI), rather than their combine income. This means they are eligible for lower monthly payments on their federal student loans. House Republicans' restructuring of the student loan payment system under the "Big Beautiful Bill Act" would extend that treatment for married couples under current payment plans as well as for future borrowers under the proposed Repayment Assistance Plan. However, the Senate plan appears to omit the line of text that would allow married borrowers not filing jointly to base payments on their own AGI, Forbes reported on Friday. The House bill reads: "The term 'adjusted gross income', when used with respect to a borrower, means the adjusted gross income (as such term is defined in section 62 of the Internal Revenue Code of 1986) of the borrower (and the borrower's spouse, as applicable) for the most recent taxable year, except that, in the case of a married borrower who files a separate Federal income tax return, the term does not include the adjusted gross income of the borrower's spouse." However, the Senate bill states: "The term 'adjusted gross income', when used with respect to a borrower, means the adjusted gross income (as such term is defined in section 62 of the Internal Revenue Code of 1986) of the borrower (and the borrower's spouse, as applicable) for the most recent taxable year," This could lead to higher payments, Forbes reported. Forbes reported that borrowers under the new Repayment Assistance Plan (RAP) who have an AGI of $50,000 would pay about $208 per month under the House plan, which would allow them to file separately from their spouse. Under the Senate plan, if their spouse also makes $50,000, their payment could increase to $830 per month, regardless of how they file. This would apply to individuals who begin borrowing student loans in July 2026. It wouldn't affect borrowers who are already on an income-based repayment plan, Forbes reported. Earlier this year, a court filing from the Trump administration indicated they were supportive of reverting to earlier rules requiring spousal income to be counted in IDR plans but later clarified that was a mistake, reported Business Insider. Student loan borrowers gather near the White House to urge the cancellation of student loan debt on May 12, 2022, in Washington, D.C. Student loan borrowers gather near the White House to urge the cancellation of student loan debt on May 12, 2022, in Washington, We, The 45 Million What People Are Saying Alan Collinge, founder of Student Loan Justice, told Newsweek: "The Senate should be the adult in the room with this dangerous legislation, which really is a giveaway to the student loan industry and the colleges. Instead, we're seeing them go the other way. This will hurt the GOP badly, including with their own base. I hope the wiser Republicans in the Senate will stand up to this, and include—at a minimum—the return of standard bankruptcy rights to these loans." He described the House bill as a "massive giveaway to both the colleges and the Department of Education and its contractors," noting that it would increase student loan borrowing "like nothing we've ever seen before." "Limits for undergraduate borrowing will increase by nearly $20,000 per borrower. This provision, alone, would add hundreds of billions onto the debt that the freshman class of '26, and every class thereafter," he said. Senator Bill Cassidy, the Louisiana Republican who leads the Senate HELP committee, wrote in a statement: "We need to fix our broken higher education system, so it prioritizes student success and ensures Americans have the skills to compete in a 21st century economy. President Trump and Senate Republicans are focused on delivering results for American families and this bill does just that. While Biden and Democrats unfairly attempted to shift student debt onto taxpayers that chose not to go to college, Republicans are taking on the root causes of the student debt crisis to lower the cost of tuition and improve Americans' access to opportunities that set them up for success." Sameer Gadkaree, president of The Institute for College Access & Success, wrote in a statement earlier this week: "The Senate reconciliation bill's higher education provisions would cause widespread harm to American families by making college more expensive, making student debt much harder to repay, unleashing an avalanche of student loan defaults, and rolling back basic protections for students who are defrauded by their college—all to fund tax cuts for the wealthy." What Happens Next? It's yet to be seen if the bill will pass in its current form or whether that measure could be amended throughout the legislative process.
Yahoo
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
