Today, BlackRock Resources & Commodities Strategy Trust
(NYSE:BCX), BlackRock Enhanced Equity Dividend Trust (NYSE:BDJ),
BlackRock Energy and Resources Trust (NYSE:BGR), BlackRock
International Growth and Income Trust (NYSE:BGY), BlackRock Health
Sciences Trust (NYSE:BME), BlackRock Global Opportunities Equity
Trust (NYSE:BOE), BlackRock Utility and Infrastructure Trust
(NYSE:BUI), BlackRock Enhanced Capital and Income Fund, Inc.
(NYSE:CII), BlackRock Science and Technology Trust (NYSE:BST), and
BlackRock Enhanced Government Fund, Inc. (NYSE:EGF) (collectively,
the “Funds”) paid the following distributions per share:
Fund CUSIP
Pay Date Per Share BCX 09257A108
November 30, 2016 $0.044600 BDJ 09251A104
November 30, 2016 $0.046700 BGR 09250U101
November 30, 2016 $0.077600 BGY 092524107
November 30, 2016 $0.038000 BME 09250W107
November 30, 2016 $0.200000 BOE 092501105
November 30, 2016 $0.078000 BUI 09248D104
November 30, 2016 $0.121000 CII 09256A109
November 30, 2016 $0.082800 BST 09258G104
November 30, 2016 $0.100000 EGF 09255K108
November 30, 2016 $0.041000
Each of the Funds has adopted a level distribution plan (the
“Plan”) and employs a managed distribution and/or an option
over-write policy 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 Fund’s Board of Directors/Trustees. Under its Plan, each
Fund will distribute all available investment income to its
shareholders, consistent with its primary investment objectives and
as required by the Internal Revenue Code of 1986, as amended. If
sufficient investment income 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 November 30, 2016 Fund
Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.044600 $0.022836
(51%) $0 (0%) $0 (0%) $0.021764 (49%) BDJ1
$0.046700 $0.009779 (21%) $0 (0%) $0
(0%) $0.036921 (79%) BGR1 $0.077600 $0.058926
(76%) $0 (0%) $0 (0%) $0.018674 (24%) BGY1
$0.038000 $0.010210 (27%) $0 (0%) $0
(0%) $0.027790 (73%) BME $0.200000 $0 (0%)
$0.019575 (10%) $0.180425 (90%) $0 (0%) BOE1
$0.078000 $0.028908 (37%) $0 (0%) $0
(0%) $0.049092 (63%) BUI1 $0.121000 $0.121000
(100%) $0 (0%) $0 (0%) $0 (0%) CII1
$0.082800 $0.004772 (6%) $0 (0%) $0 (0%)
$0.078028 (94%) BST1 $0.100000 $0 (0%)
$0 (0%) $0 (0%) $0.100000 (100%) EGF1
$0.041000 $0.026709 (65%) $0 (0%) $0 (0%)
$0.014291 (35%)
Estimated Allocations for the Fiscal Year through November 30,
2016 Fund Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.532400 $0.137697
(26%) $0 (0%) $0 (0%) $0.394703 (74%) BDJ1
$0.513700 $0.140444 (27%) $0 (0%) $0
(0%) $0.373256 (73%) BGR1 $0.918400 $0.261986
(29%) $0 (0%) $0 (0%) $0.656414 (71%) BGY1
$0.484000 $0.078951 (16%) $0 (0%) $0
(0%) $0.405049 (84%) BME $2.200000 $0.018229
(1%) $0.108895 (5%) $2.072877 (94%) $0 (0%)
BOE1 $0.972000 $0.102557 (11%) $0 (0%)
$0 (0%) $0.869443 (89%) BUI1 $1.331000
$0.487736 (37%) $0.032011 (2%) $0.207991 (16%)
$0.603261 (45%) CII1 $1.065600 $0.106331 (10%)
$0 (0%) $0 (0%) $0.959269 (90%) BST1 $1.100000
$0.002141 (0%) $0 (0%) $0 (0%)
$1.097859 (100%) EGF1 $0.450000 $0.314467 (70%)
$0 (0%) $0 (0%) $0.135533 (30%)
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 not 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 annualtotal return (inrelation to
NAV) forthe 5-year periodending on10/31/2016
Annualized currentdistribution rate
expressedas a percentage of NAVas of 10/31/2016
Cumulative totalreturn (in relationto NAV)
for thefiscal year through10/31/2016
Cumulative fiscalyear distributions asa
percentage ofNAV as of10/31/2016
BCX (2.73)% 5.74% 19.29% 5.23% BDJ
9.53% 6.48% 5.64% 5.40% BGR
(2.23)% 6.18% 14.13% 5.58% BGY 3.60%
7.09% 0.01% 6.94% BME 15.90%
7.58% (7.12)% 6.31% BOE 6.62% 6.97%
1.56% 6.66% BUI* 8.50% 7.37%
7.72% 6.14% CII 10.36% 6.90% 2.58%
6.82% BST* 10.92% 5.83% 10.75%
4.86% EGF 2.31% 3.44% 3.01% 2.86%
* Portfolio launched within the past 5 years; the performance
and distribution rate information presented for this Fund reflects
data from inception to 10/31/2016.
Shareholders 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.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At September 30, 2016, BlackRock’s AUM was $5.1 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of
September 30, 2016, the firm had approximately 13,000 employees in
30 countries and a major presence in global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
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 www.blackrock.com 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, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act, and regulatory,
supervisory or enforcement actions of government agencies relating
to a Fund or BlackRock, as applicable; (8) terrorist activities,
international hostilities 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 www.sec.gov and on
BlackRock’s website at www.blackrock.com, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161130006321/en/
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