Press Release: Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

Dow Jones
2024-11-30

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(BUSINESS WIRE)--November 29, 2024-- 

Today, BlackRock Resources & Commodities Strategy Trust $(BCX)$, BlackRock Enhanced Equity Dividend Trust $(BDJ)$, BlackRock Energy and Resources Trust $(BGR)$, BlackRock Enhanced International Dividend Trust $(BGY)$, BlackRock Health Sciences Trust $(BME)$, BlackRock Health Sciences Term Trust $(BMEZ)$, BlackRock Enhanced Global Dividend Trust $(BOE)$, BlackRock Utilities, Infrastructure & Power Opportunities Trust $(BUI)$, BlackRock Enhanced Capital and Income Fund, Inc. $(CII)$, BlackRock Science and Technology Trust (NYSE: BST), BlackRock Science and Technology Term Trust $(BSTZ)$, BlackRock Innovation and Growth Term Trust $(BIGZ)$, BlackRock Capital Allocation Term Trust $(BCAT)$, and BlackRock ESG Capital Allocation Term Trust $(ECAT)$ (collectively, the "Funds") paid the following distributions per share:

 
 Fund         Pay Date        Per Share 
------  -------------------  ---------- 
  BCX    November 29, 2024    $0.051800 
------  -------------------  ---------- 
  BDJ    November 29, 2024    $0.056200 
------  -------------------  ---------- 
  BGR    November 29, 2024    $0.075400 
------  -------------------  ---------- 
  BGY    November 29, 2024    $0.033800 
------  -------------------  ---------- 
  BME    November 29, 2024    $0.213000 
------  -------------------  ---------- 
 BMEZ    November 29, 2024    $0.176900 
------  -------------------  ---------- 
  BOE    November 29, 2024    $0.063000 
------  -------------------  ---------- 
  BUI    November 29, 2024    $0.121000 
------  -------------------  ---------- 
  CII    November 29, 2024    $0.099500 
------  -------------------  ---------- 
  BST    November 29, 2024    $0.250000 
------  -------------------  ---------- 
 BSTZ    November 29, 2024    $0.215490 
------  -------------------  ---------- 
 BIGZ    November 29, 2024    $0.086330 
------  -------------------  ---------- 
 BCAT    November 29, 2024    $0.288540 
------  -------------------  ---------- 
 ECAT    November 29, 2024    $0.305030 
------  -------------------  ---------- 
 

Each of the Funds has adopted a managed distribution plan (the "Plan") to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ, BIGZ, BCAT and ECAT a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BIGZ) and 20% (for BCAT and ECAT) of the Fund's 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund's Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the "Code"). If sufficient income (inclusive of net investment income and short-term capital gains) 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.

Each Fund's estimated sources of the distributions paid November 29, 2024 and for its current fiscal year are as follows:

 
                     Estimated Allocations as of November 29, 2024 
--------------------------------------------------------------------------------------- 
                                            Net 
                                          Realized     Net Realized 
                                         Short-Term     Long- Term        Return of 
  Fund    Distribution    Net Income       Gains          Gains            Capital 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BCX(1)    $0.051800    $0.016956 (33%)   $0 (0%)        $0 (0%)       $0.034844 (67%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
  BDJ      $0.056200    $0.011499 (20%)   $0 (0%)    $0.044701 (80%)       $0 (0%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BGR(1)    $0.075400    $0.050801 (67%)   $0 (0%)        $0 (0%)       $0.024599 (33%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
  BGY      $0.033800    $0.002903 (9%)    $0 (0%)    $0.030897 (91%)       $0 (0%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BME(1)    $0.213000        $0 (0%)       $0 (0%)    $0.213000 (100%)      $0 (0%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
BMEZ(1)    $0.176900        $0 (0%)       $0 (0%)        $0 (0%)       $0.176900 (100%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BOE(1)    $0.063000    $0.005606 (9%)    $0 (0%)        $0 (0%)       $0.057394 (91%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BUI(1)    $0.121000    $0.006177 (5%)    $0 (0%)        $0 (0%)       $0.114823 (95%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
  CII      $0.099500        $0 (0%)       $0 (0%)    $0.099500 (100%)      $0 (0%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 BST(1)    $0.250000        $0 (0%)       $0 (0%)    $0.172000 (69%)   $0.078000 (31%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
BSTZ(1)    $0.215490        $0 (0%)       $0 (0%)        $0 (0%)       $0.215490 (100%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
BIGZ(1)    $0.086330        $0 (0%)       $0 (0%)        $0 (0%)       $0.086330 (100%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
BCAT(1)    $0.288540    $0.032627 (11%)   $0 (0%)        $0 (0%)       $0.255913 (89%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
ECAT(1)    $0.305030    $0.015937 (5%)    $0 (0%)        $0 (0%)       $0.289093 (95%) 
--------  ------------  ---------------  ----------  ----------------  ---------------- 
 
 
            Estimated Allocations for the Fiscal Year through November 29, 2024 
------------------------------------------------------------------------------------------- 
                                          Net Realized     Net Realized 
                                           Short-Term       Long- Term        Return of 
  Fund    Distribution    Net Income          Gains            Gains           Capital 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BCX(1)    $0.569800    $0.216565 (38%)      $0 (0%)          $0 (0%)      $0.353235 (62%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
  BDJ      $0.618200    $0.340797 (55%)      $0 (0%)      $0.277403 (45%)      $0 (0%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BGR(1)    $0.742100    $0.314785 (42%)      $0 (0%)          $0 (0%)      $0.427315 (58%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
  BGY      $0.371800    $0.088161 (24%)  $0.053217 (14%)  $0.230422 (62%)      $0 (0%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BME(1)    $2.343000    $0.064655 (3%)       $0 (0%)      $1.377343 (59%)  $0.901002 (38%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
BMEZ(1)    $1.512960    $0.040694 (3%)       $0 (0%)          $0 (0%)      $1.472266 (97%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BOE(1)    $0.693000    $0.176527 (25%)      $0 (0%)          $0 (0%)      $0.516473 (75%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BUI(1)    $1.331000    $0.259364 (19%)      $0 (0%)      $0.623742 (47%)  $0.447894 (34%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
  CII      $1.094500    $0.059540 (5%)       $0 (0%)      $1.034960 (95%)      $0 (0%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 BST(1)    $2.750000        $0 (0%)          $0 (0%)      $2.672000 (97%)   $0.078000 (3%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
BSTZ(1)    $1.801010        $0 (0%)          $0 (0%)      $0.619326 (34%)  $1.181684 (66%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
BIGZ(1)    $0.747140        $0 (0%)          $0 (0%)          $0 (0%)      $0.747140 (100%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
BCAT(1)    $2.359050    $0.244754 (10%)      $0 (0%)          $0 (0%)      $2.114296 (90%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
ECAT(1)    $2.554050    $0.163438 (6%)       $0 (0%)          $0 (0%)      $2.390612 (94%) 
--------  ------------  ---------------  ---------------  ---------------  ---------------- 
 

(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.

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