BlackRock Funds Update: Distribution Dates and Amounts
Distribution Announcements for BlackRock Closed-End Funds
Recently, some closed-end funds managed by BlackRock have made significant announcements regarding their distributions. Understanding these distribution updates can provide valuable insights for investors looking to strategize their portfolios effectively.
Key Distribution Dates
The announced distributions have various key dates associated with them. For instance, funds within their municipal sector will have the following dates:
Municipal Funds:
Declaration Date - 11/1/2024
Ex-Date - 11/15/2024
Record Date - 11/15/2024
Payable Date - 12/2/2024
National Funds Overview
Investors interested in national funds should note the following key information regarding their distributions:
- BlackRock Municipal Income Quality Trust (Ticker: BYM) - Distribution of $0.055500
- BlackRock Long-Term Municipal Advantage Trust (Ticker: BTA) - Distribution of $0.049500
- BlackRock MuniAssets Fund, Inc (Ticker: MUA) - Distribution of $0.055500
- BlackRock Municipal Income Fund, Inc. (Ticker: MUI) - Distribution of $0.055000
- BlackRock Municipal Income Trust (Ticker: BFK) - Distribution of $0.050000
- BlackRock Investment Quality Municipal Trust, Inc. (Ticker: BKN) - Distribution of $0.057000
- BlackRock Municipal Income Trust II (Ticker: BLE) - Distribution of $0.054000
- BlackRock Municipal 2030 Target Term Trust (Ticker: BTT) - Distribution of $0.046400
- BlackRock MuniHoldings Fund (Ticker: MHD) - Distribution of $0.059500
Taxable Municipal Fund Update
In a related announcement, the taxable municipal fund will also have these dates:
Declaration Date - 11/1/2024
Ex-Date - 11/15/2024
Record Date - 11/15/2024
Payable Date - 11/29/2024
Performance Metrics and Distribution Sources
Distributions are structured based on various performance metrics, and it's crucial for stakeholders to keep track of these elements. In particular, all funds will provide regular updates on how their distributions are sourced. This may include net investment income and realized capital gains. Understanding these components can help investors grasp how distribution amounts are calculated.
The following funds are committed to a level monthly distribution approach:
- BlackRock Resources & Commodities Strategy Trust (Ticker: BCX)
- BlackRock Enhanced Equity Dividend Trust (Ticker: BDJ)
- BlackRock Energy and Resources Trust (Ticker: BGR)
- BlackRock Enhanced International Dividend Trust (Ticker: BGY)
- BlackRock Health Sciences Trust (Ticker: BME)
- BlackRock Enhanced Global Dividend Trust (Ticker: BOE)
- BlackRock Utilities, Infrastructure & Power Opportunities Trust (Ticker: BUI)
- BlackRock Enhanced Capital and Income Fund (Ticker: CII)
- BlackRock Science and Technology Trust (Ticker: BST)
- BlackRock Capital Allocation Term Trust (Ticker: BCAT)
- BlackRock ESG Capital Allocation Term Trust (Ticker: ECAT)
- BlackRock Science and Technology Term Trust (Ticker: BSTZ)
- BlackRock Health Sciences Term Trust (Ticker: BMEZ)
- BlackRock Innovation and Growth Term Trust (Ticker: BIGZ)
Conclusion and Investor Insights
In conclusion, BlackRock’s updates regarding its funds provide excellent insights for investors. The combination of announced distributions, clear communication of dates, and anticipated performance trends positions potential investors favorably as they consider opportunities within these funds. Staying informed about this information can help maximize investment returns.
Frequently Asked Questions
What are the key distribution dates for BlackRock funds?
The key dates include declaration, ex, record, and payable dates which vary by fund. Notably, municipal funds have several upcoming distributions announced for 11/1/2024.
How are distributions calculated for BlackRock funds?
Distributions are calculated based on net investment income, realized capital gains, and the fund's performance metrics.
Which funds have adopted managed distribution plans?
Several funds including BlackRock Resources & Commodities Strategy Trust and BlackRock Enhanced Equity Dividend Trust have adopted managed distribution plans to ensure steady returns.
What are typical distributions for the municipal funds?
Municipal funds typically have varying distributions, for instance, BlackRock Municipal Income Quality Trust offers $0.055500 per share.
Where can I find ongoing updates about the funds?
Updates can be found on BlackRock's website, specifically in the closed-end funds section where performance information is regularly posted.
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