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:
Trust
Pay Date Per Share BCX June 29,
2018 $0.051600 BDJ June 29, 2018
$0.046700 BGR June 29, 2018
$0.077600 BGY June 29, 2018 $0.038000
BME June 29, 2018 $0.200000 BOE
June 29, 2018 $0.078000 BUI June
29, 2018 $0.121000 CII June 29, 2018
$0.082800 BST June 29, 2018
$0.130000 EGF June 29, 2018
$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 years are as follows:
Estimated Allocations as of June 29,
2018
Trust
Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net Realized Long-Term Gains
Return of Capital
BCX $0.051600 $0.013991
(27%) $0 (0%) $0 (0%)
$0.037609 (73%) BDJ
$0.046700 $0.018036 (39%)
$0 (0%) $0.028664 (61%)
$0 (0%) BGR $0.077600
$0.037592 (48%) $0 (0%)
$0 (0%) $0.040008 (52%) BGY
$0.038000 $0.006607 (17%)
$0 (0%) $0.031393 (83%)
$0 (0%) BME $0.200000
$0.002786 (1%) $0 (0%)
$0.197214 (99%) $0 (0%) BOE
$0.078000 $0.026624 (34%)
$0 (0%) $0 (0%)
$0.051376 (66%) BUI $0.121000
$0.114888 (95%) $0.006112 (5%)
$0 (0%) $0 (0%) CII
$0.082800 $0.018676 (23%)
$0 (0%) $0 (0%)
$0.064124 (77%) BST $0.130000
$0 (0%) $0 (0%)
$0.130000 (100%) $0 (0%) EGF
$0.041000 $0.023172 (57%)
$0 (0%) $0 (0%)
$0.017828 (43%)
Estimated Allocations for the Fiscal
Year through June 29, 2018
Trust
Distribution
Net InvestmentIncome
Net Realized Short-Term Gains
Net Realized Long-Term Gains
Return of Capital
BCX1 $0.309600 $0.108728 (35%)
$0 (0%) $0 (0%) $0.200872 (65%)
BDJ $0.280200 $0.081478 (29%)
$0.008302 (3%) $0.19042 (68%) $0
(0%) BGR1 $0.465600 $0.138969 (30%)
$0 (0%) $0 (0%) $0.326631
(70%) BGY $0.228000 $0.113511 (50%)
$0 (0%) $0.114489 (50%)
$0 (0%) BME $1.200000 $0.047943 (4%)
$0.009451 (1%) $1.142606 (95%)
$0 (0%) BOE1 $0.468000 $0.18578
(40%) $0.097648 (21%) $0 (0%)
$0.184572 (39%) BUI1 $0.726000
$0.288398 (40%) $0.047828 (7%)
$0.023475 (3%) $0.366299 (50%) CII1
$0.496800 $0.08205 (17%) $0 (0%)
$0 (0%) $0.41475 (83%) BST
$0.780000 $0 (0%) $0 (0%)
$0.780000 (100%) $0 (0%) EGF1 $0.205000
$0.127902 (62%) $0 (0%)
$0 (0%) $0.077098 (38%)
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:
Trust
Average annualtotal return (inrelation to
NAV) forthe 5-year periodending on05/31/2018
Annualized currentdistribution rate
expressedas a percentage of NAV asof 05/31/2018
Cumulative totalreturn (in relation toNAV)
for the fiscalyear through05/31/2018
Cumulative fiscalyear distributions asa
percentage ofNAV as of05/31/2018
BCX 2.87% 5.89% 0.38%
2.45% BDJ 9.50% 5.75%
(0.68)% 2.39% BGR (1.15)%
5.88% 3.63% 2.45% BGY
2.76% 7.14% (6.07)%
2.97% BME 14.25% 6.50%
3.92% 2.71% BOE 5.01%
7.81% (6.38)% 3.25% BUI
7.76% 7.29% (1.88)%
3.04% CII 11.73% 5.75%
1.06% 2.40% BST* 21.72%
4.80% 14.29% 2.00% EGF
1.53% 3.62% (0.76)%
1.51%
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. *Portfolio
launched within the past 5 years; this represents the average
annual total return (in relation to NAV) from inception to
05/31/2018.
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 March 31, 2018, the firm managed approximately $6.317
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.
Forward-Looking Statements
This press release, and other statements that BlackRock or the
Funds may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to the Funds 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 the Funds 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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