------ ---------------- ---------------- ---------------- ---------------- ECAT* 6.82% 21.00% 14.55% 16.29% ------ ---------------- ---------------- ---------------- ----------------
* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 12/31/2024.
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 Enhanced Government Fund, Inc. $(EGF)$, BlackRock Debt Strategies Fund, Inc. $(DSU)$, BlackRock Floating Rate Income Strategies Fund, Inc. $(FRA)$, BlackRock Floating Rate Income Trust $(BGT)$, BlackRock Corporate High Yield Fund, Inc. $(HYT)$, BlackRock Credit Allocation Income Trust $(BTZ)$, BlackRock Limited Duration Income Trust $(BLW)$, BlackRock Core Bond Trust $(BHK)$, BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Income Trust, Inc. $(BKT)$ and BlackRock Taxable Municipal Bond Trust $(BBN)$ have adopted a Plan to support a level monthly 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 net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the "1940 Act"). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.
Each Fund's estimated sources of the distributions paid as of January 31, 2025 and for its current fiscal year are as follows:
Estimated Allocations as of January 31, 2025
-------------------------------------------------------------------------------
Net Net
Realized Realized
Short-Term Long-Term Return of
Fund Distribution Net Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ----------------
EGF(2) $0.041000 $0 (0%) $0 (0%) $0 (0%) $0.041000 (100%)
------- ------------ --------------- ---------- --------- ----------------
BKT(2) $0.088200 $0.036398 (41%) $0 (0%) $0 (0%) $0.051802 (59%)
------- ------------ --------------- ---------- --------- ----------------
DSU(2) $0.098730 $0.057027 (58%) $0 (0%) $0 (0%) $0.041703 (42%)
------- ------------ --------------- ---------- --------- ----------------
FRA(2) $0.123840 $0.078840 (64%) $0 (0%) $0 (0%) $0.045000 (36%)
------- ------------ --------------- ---------- --------- ----------------
BBN(2) $0.092900 $0.078331 (84%) $0 (0%) $0 (0%) $0.014569 (16%)
------- ------------ --------------- ---------- --------- ----------------
BGT(2) $0.120280 $0.072926 (61%) $0 (0%) $0 (0%) $0.047354 (39%)
------- ------------ --------------- ---------- --------- ----------------
HYT(2) $0.077900 $0.059635 (77%) $0 (0%) $0 (0%) $0.018265 (23%)
------- ------------ --------------- ---------- --------- ----------------
BTZ(2) $0.083900 $0.055878 (67%) $0 (0%) $0 (0%) $0.028022 (33%)
------- ------------ --------------- ---------- --------- ----------------
BLW(2) $0.113200 $0.081518 (72%) $0 (0%) $0 (0%) $0.031682 (28%)
------- ------------ --------------- ---------- --------- ----------------
BHK(2) $0.074600 $0.047261 (63%) $0 (0%) $0 (0%) $0.027339 (37%)
------- ------------ --------------- ---------- --------- ----------------
BIT(2) $0.123700 $0.081636 (66%) $0 (0%) $0 (0%) $0.042064 (34%)
------- ------------ --------------- ---------- --------- ----------------
Estimated Allocations for the Fiscal Year through January 31, 2025
-------------------------------------------------------------------------------
Net Net
Realized Realized
Short-Term Long-Term Return of
Fund Distribution Net Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ----------------
EGF(2) $0.041000 $0 (0%) $0 (0%) $0 (0%) $0.041000 (100%)
------- ------------ --------------- ---------- --------- ----------------
BKT(2) $0.088200 $0.036398 (41%) $0 (0%) $0 (0%) $0.051802 (59%)
------- ------------ --------------- ---------- --------- ----------------
DSU(2) $0.098730 $0.057027 (58%) $0 (0%) $0 (0%) $0.041703 (42%)
------- ------------ --------------- ---------- --------- ----------------
FRA(2) $0.123840 $0.078840 (64%) $0 (0%) $0 (0%) $0.045000 (36%)
------- ------------ --------------- ---------- --------- ----------------
BBN(2) $0.092900 $0.078331 (84%) $0 (0%) $0 (0%) $0.014569 (16%)
------- ------------ --------------- ---------- --------- ----------------
BGT(2) $0.120280 $0.072926 (61%) $0 (0%) $0 (0%) $0.047354 (39%)
------- ------------ --------------- ---------- --------- ----------------
HYT(2) $0.077900 $0.059635 (77%) $0 (0%) $0 (0%) $0.018265 (23%)
------- ------------ --------------- ---------- --------- ----------------
BTZ(2) $0.083900 $0.055878 (67%) $0 (0%) $0 (0%) $0.028022 (33%)
------- ------------ --------------- ---------- --------- ----------------
BLW(2) $0.113200 $0.081518 (72%) $0 (0%) $0 (0%) $0.031682 (28%)
------- ------------ --------------- ---------- --------- ----------------
BHK(2) $0.074600 $0.047261 (63%) $0 (0%) $0 (0%) $0.027339 (37%)
------- ------------ --------------- ---------- --------- ----------------
BIT(2) $0.123700 $0.081636 (66%) $0 (0%) $0 (0%) $0.042064 (34%)
------- ------------ --------------- ---------- --------- ----------------
(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 each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund 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.
Fund Performance and Distribution Rate Information:
------------------------------------------------------------------------------
Annualized
Average annual current Cumulative total Cumulative fiscal
total return (in distribution return (in year
relation to NAV) rate expressed relation to NAV) distributions as
for the 5-year as a percentage for the fiscal a percentage of
period ending on of NAV as of year through NAV as
Fund 12/31/2024 12/31/2024 12/31/2024 12/31/2024
----- ---------------- ---------------- ---------------- -----------------
EGF (1.78%) 4.95% 1.00% 4.95%
----- ---------------- ---------------- ---------------- -----------------
BKT (1.65%) 8.96% 1.24% 8.96%
----- ---------------- ---------------- ---------------- -----------------
DSU 6.01% 11.15% 8.93% 11.15%
----- ---------------- ---------------- ---------------- -----------------
FRA 6.29% 11.52% 8.97% 11.52%
----- ---------------- ---------------- ---------------- -----------------
BBN (0.57%) 6.50% 1.45% 6.50%
----- ---------------- ---------------- ---------------- -----------------
BGT 6.39% 11.48% 9.11% 11.48%
----- ---------------- ---------------- ---------------- -----------------
HYT 5.05% 9.67% 9.41% 9.67%
----- ---------------- ---------------- ---------------- -----------------
BTZ 2.60% 8.93% 6.63% 8.93%
----- ---------------- ---------------- ---------------- -----------------
(MORE TO FOLLOW) Dow Jones Newswires
February 03, 2025 17:16 ET (22:16 GMT)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.