Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
NEW YORK-(BUSINESS WIRE)-Oct 31, 2023-
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 Capital and Income Fund, Inc. (NYSE: CII), BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Innovation and Growth Term Trust (NYSE: BIGZ), BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), 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), BlackRock Multi-Sector Income Trust (NYSE: BIT), 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:
Estimated Allocations for the Fiscal Year through October 31, 2023 |
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Fund |
Distribution |
Net Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
BCX 1 |
$0.518000 |
$0.238710 (46%) |
$0 (0%) |
$0 (0%) |
$0.279290 (54%) |
BDJ |
$0.562000 |
$0.242350 (43%) |
$0.084620 (15%) |
$0.235030 (42%) |
$0 (0%) |
BGR 1 |
$0.642600 |
$0.290550 (45%) |
$0 (0%) |
$0 (0%) |
$0.352050 (55%) |
BGY 1 |
$0.338000 |
$0.080990 (24%) |
$0 (0%) |
$0.150920 (45%) |
$0.106090 (31%) |
BME 1 |
$2.130000 |
$0.109540 (5%) |
$0 (0%) |
$1.007930 (47%) |
$1.012530 (48%) |
BMEZ 1 |
$1.398180 |
$0 (0%) |
$0 (0%) |
$0 (0%) |
$1.398180 (100%) |
BOE 1 |
$0.630000 |
$0.195760 (31%) |
$0 (0%) |
$0 (0%) |
$0.434240 (69%) |
BUI 1 |
$1.210000 |
$0.294950 (24%) |
$0.333300 (28%) |
$0.346220 (29%) |
$0.235530 (19%) |
CII |
$0.995000 |
$0.077230 (8%) |
$0 (0%) |
$0.917770 (92%) |
$0 (0%) |
BST 1 |
$2.500000 |
$0 (0%) |
$0 (0%) |
$0 (0%) |
$2.500000 (100%) |
BSTZ 1 |
$1.616310 |
$0 (0%) |
$0 (0%) |
$0.277810 (17%) |
$1.338500 (83%) |
BIGZ 1 |
$0.675580 |
$0 (0%) |
$0 (0%) |
$0 (0%) |
$0.675580 (100%) |
EGF 1 |
$0.410000 |
$0.257823 (63%) |
$0 (0%) |
$0 (0%) |
$0.152177 (37%) |
DSU 1 |
$0.856650 |
$0.811653 (95%) |
$0 (0%) |
$0 (0%) |
$0.044997 (5%) |
FRA 1 |
$1.080700 |
$1.040954 (96%) |
$0 (0%) |
$0 (0%) |
$0.039746 (4%) |
BGT 1 |
$1.049000 |
$1.021584 (97%) |
$0 (0%) |
$0 (0%) |
$0.027416 (3%) |
HYT 1 |
$0.779000 |
$0.562169 (72%) |
$0 (0%) |
$0 (0%) |
$0.216831 (28%) |
BTZ 1 |
$0.839000 |
$0.518251 (62%) |
$0 (0%) |
$0 (0%) |
$0.320749 (38%) |
BLW 1 |
$0.990800 |
$0.874247 (88%) |
$0 (0%) |
$0 (0%) |
$0.116553 (12%) |
BHK 1 |
$0.746000 |
$0.446536 (60%) |
$0 (0%) |
$0 (0%) |
$0.299464 (40%) |
BIT 1 |
$1.484400 |
$0.886377 (60%) |
$0 (0%) |
$0 (0%) |
$0.598023 (40%) |
BCAT 1 |
$1.251600 |
$0.311193 (25%) |
$0 (0%) |
$0 (0%) |
$0.940407 (75%) |
ECAT 1 |
$1.225000 |
$0.135565 (11%) |
$0 (0%) |
$0 (0%) |
$1.089435 (89%) |
1 The 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.
Estimated Allocations for the Fiscal Year through October 31, 2023 |
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Fund |
Distribution |
Net Income |
Net Realized Short-Term Gains |
Net Realized Long-Term Gains |
Return of Capital |
BKT 2 |
$0.882000 |
$0.327061 (37%) |
$0 (0%) |
$0 (0%) |
$0.554939 (63%) |
BBN 2 |
$0.979000 |
$0.748148 (76%) |
$0 (0%) |
$0 (0%) |
$0.230852 (24%) |
2 The 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 BKT and BBN’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. BKT and BBN 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.