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 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), and BlackRock Enhanced Government Fund, Inc.
(NYSE: EGF) (collectively, the “Funds”) paid the following
distributions per share:
Fund
Pay Date Per Share BCX
August 31, 2018 $ 0.051600 BDJ August
31, 2018 $ 0.046700 BGR August 31, 2018
$ 0.077600 BGY August 31, 2018
$ 0.038000 BME August 31, 2018 $
0.200000 BOE August 31, 2018 $ 0.063000
BUI August 31, 2018 $ 0.121000 CII
August 31, 2018 $ 0.082800 BST
August 31, 2018 $ 0.150000 EGF
August 31, 2018 $ 0.041000
Each of the Funds have adopted a managed distribution plan (the
“Plan”) and employ 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 August 31, 2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.051600
$0.047686 (92%) $0 (0%) $0 (0%)
$0.003914 (8%) BDJ $0.046700
$0.015632 (33%) $0 (0%)
$0.031068 (67%) $0 (0%) BGR1 $0.077600
$0.047159 (61%) $0 (0%)
$0 (0%) $0.030441 (39%) BGY $0.038000
$0.009405 (25%) $0 (0%)
$0.028595 (75%) $0 (0%) BME1 $0.200000
$0 (0%) $0 (0%) $0.193276
(97%) $0.006724 (3%) BOE1 $0.063000
$0.018280 (29%) $0 (0%)
$0 (0%) $0.044720 (71%) BUI1 $0.121000
$0.048624 (40%) $0 (0%)
$0 (0%) $0.072376 (60%) CII1 $0.082800
$0.015334 (19%) $0 (0%)
$0 (0%) $0.067466 (81%) BST $0.150000
$0 (0%) $0 (0%) $0.150000
(100%) $0 (0%) EGF1 $0.041000
$0.020109 (49%) $0 (0%) $0 (0%)
$0.020891 (51%)
Estimated Allocations for the
Fiscal Year through August 31, 2018 Fund
Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BCX1 $0.412800
$0.154592 (37%) $0 (0%) $0 (0%)
$0.258208 (63%) BDJ $0.373600
$0.120696 (32%) $0 (0%)
$0.252904 (68%) $0 (0%) BGR1 $0.620800
$0.176654 (28%) $0 (0%)
$0 (0%) $0.444146 (72%) BGY $0.304000
$0.133875 (44%) $0 (0%)
$0.170125 (56%) $0 (0%) BME1 $1.600000
$0.054347 (3%) $0 (0%)
$1.065758 (67%) $0.479895 (30%) BOE1
$0.594000 $0.223062 (38%) $0.005339
(1%) $0 (0%) $0.365599 (61%) BUI1
$0.968000 $0.348847 (36%)
$0 (0%) $0 (0%) $0.619153 (64%) CII1
$0.662400 $0.101813 (15%)
$0 (0%) $0 (0%) $0.560587 (85%) BST
$1.080000 $0 (0%) $0 (0%)
$1.080000 (100%) $0 (0%) EGF1
$0.287000 $0.170772 (60%) $0
(0%) $0 (0%) $0.116228 (40%)
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
toNAV)for the5-year periodending on7/31/2018
Annualized currentdistribution
rateexpressed as apercentage of NAV asof 7/31/2018
Cumulative totalreturn (in relationto NAV)
for thefiscal year through7/31/2018
Cumulative fiscalyear distributionsas a
percentageof NAV as of7/31/2018
BCX 3.22% 6.22% 1.12%
3.63% BDJ 9.85% 5.67%
3.66% 3.31% BGR (1.20)%
5.99% 6.14% 3.50% BGY
3.16% 7.15% (2.77)%
4.17% BME 14.05% 6.29%
10.02% 3.67% BOE 5.47%
6.25% (2.42)% 4.39% BUI
8.13% 7.25% 0.87%
4.23% CII 12.09% 5.61%
6.11% 3.27% BST* 20.99%
5.64% 15.45% 2.92% EGF
1.70% 3.61% (0.58)%
2.11%
* Portfolio launched within the past 5 years; the performance
and distribution rate information presented for this Fund reflects
data from inception to 7/31/2018.
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.
BlackRock Income Trust, Inc. (NYSE:BKT) effective August 2018
has adopted a Plan whereby the Fund will make fixed monthly
distributions to common stockholders and will distribute all
available investment income to its stockholders, consistent with
its investment objective and as required by the Internal Revenue
Code of 1986, as amended. If sufficient investment income is not
available on a monthly basis, the Fund will distribute long-term
capital gains and/or return capital to its stockholders in order to
maintain its managed distribution level. The Fund is currently not
relying on any exemptive relief from Section 19(b) of the
Investment Company Act of 1940, as amended. The Fund expects that
distributions under the Plan will exceed investment income and
capital gain and thus expects that such distributions will likely
include return of capital for the foreseeable future. No
conclusions should be drawn about the Fund’s investment performance
from the amount of the Fund’s distributions or from the terms of
the Fund’s Plan.
BKT’s estimated sources of the distributions paid as of August
31, 2018 and for its current fiscal year is as follows:
Estimated Allocations as of August 31, 2018
Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital
BKT $0.034400 $0.029649 (86%)
$0 (0%) $0 (0%) $0.004751 (14%)
Estimated Allocations for the Fiscal Year through August 31,
2018 Fund Distribution
Net InvestmentIncome
Net RealizedShort-Term Gains
Net RealizedLong-Term Gains
Return of Capital BKT $0.325900
$0.321149 (99%) $0 (0%) $0 (0%)
$0.004751 (1%)
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 BKT’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 totalreturn (in relationto
NAV) for the5-year period endingon 7/31/2018
Annualized currentdistribution
rateexpressed as apercentage of NAVas of 7/31/2018
Cumulative totalreturn (in relationto NAV)
for thefiscal year through7/31/2018
Cumulativefiscal yeardistributionsas a
percentageof NAV as of7/31/2018
BKT 2.58% 6.56% (1.88)%
4.63%
The amount distributed per share is subject to change at the
discretion of the Fund’s Board. The 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
the Plan or suspend or terminate the Plan at any time without prior
notice to the Fund’s stockholders if it deems such actions to be in
the best interest of the Fund or its stockholders. The amendment or
termination of the Plan could have an adverse effect on the market
price of the Fund's shares.
About BlackRock
BlackRock helps investors build better financial futures. As a
fiduciary to our clients, we provide the investment and technology
solutions they need when planning for their most important goals.
As of June 30, 2018, the firm managed approximately $6.3 trillion
in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com | Twitter:
@blackrock | 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180831005029/en/
BlackRock1-800-882-0052
BlackRock Health Sciences (NYSE:BME)
Historical Stock Chart
From Mar 2024 to Apr 2024
BlackRock Health Sciences (NYSE:BME)
Historical Stock Chart
From Apr 2023 to Apr 2024
