Certain BlackRock closed-end funds (the “Funds”) announced
distributions today as detailed below.
BlackRock Science and Technology Trust (NYSE: BST), BlackRock
Science and Technology Trust II (NYSE: BSTZ), and several municipal
Funds announced increases to their monthly distribution rates.
BlackRock Municipal 2020 Term Trust (NYSE:BKK) announced a decrease
to its monthly distribution rate. Generally, these distribution
changes were made in order to better align the applicable Fund’s
distribution rate with its current and projected level of
earnings.
BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock
Municipal 2020 Term Trust (NYSE: BKK), and BlackRock Florida
Municipal 2020 Term Trust (NYSE: BFO) declared their November and
December distribution early. BKK and BFO’s December distribution
represents a combination of the Fund’s regular monthly distribution
per share plus an amount that will satisfy the Fund’s December 31,
2019 remaining distribution requirements.
Municipal Funds:
Declaration-10/1/2020 Ex-Date-
10/14/2020 Record- 10/15/2020
Payable- 11/2/2020
National
Funds
Ticker
Distribution
Change From
Prior
Distribution
BlackRock Municipal Income Quality
Trust
BYM
$0.058000
0.010000
BlackRock Municipal Income Investment
Quality Trust
BAF
$0.061500
0.004000
BlackRock Long-Term Municipal Advantage
Trust
BTA
$0.050500
-
BlackRock Muni Intermediate Duration Fund,
Inc.
MUI
$0.054000
0.001500
BlackRock Municipal Income Investment
Trust
BBF
$0.050500
-
BlackRock MuniAssets Fund, Inc.
MUA
$0.052500
-
BlackRock Municipal Bond Trust
BBK
$0.065000
0.004000
BlackRock Municipal Income Trust
BFK
$0.058500
0.002000
BlackRock Municipal Income Trust II
BLE
$0.062000
0.002000
BlackRock Investment Quality Municipal
Trust, Inc.
BKN
$0.068000
0.005000
BlackRock Municipal 2030 Target Term
Trust
BTT
$0.062400
-
The BlackRock Strategic Municipal
Trust
BSD
$0.059000
0.004000
BlackRock MuniEnhanced Fund, Inc.
MEN
$0.047000
0.004000
BlackRock MuniHoldings Investment Quality
Fund
MFL
$0.048500
0.003000
BlackRock MuniYield Investment Quality
Fund
MFT
$0.060000
0.003000
BlackRock MuniHoldings Fund, Inc.
MHD
$0.060500
-
BlackRock MuniYield Quality Fund II,
Inc.
MQT
$0.054000
0.004000
BlackRock MuniYield Quality Fund, Inc.
MQY
$0.063000
0.003000
BlackRock MuniHoldings Quality Fund II,
Inc.
MUE
$0.050500
-
BlackRock MuniHoldings Fund II, Inc.
MUH
$0.061500
0.003000
BlackRock MuniHoldings Quality Fund,
Inc.
MUS
$0.054000
0.003500
BlackRock MuniVest Fund II, Inc.
MVT
$0.058500
0.003000
BlackRock MuniYield Fund, Inc.
MYD
$0.056000
-
BlackRock MuniYield Investment Fund
MYF
$0.056000
-
BlackRock MuniYield Quality Fund III,
Inc.
MYI
$0.051500
0.007000
BlackRock MuniVest Fund, Inc.
MVF
$0.033500
BlackRock Municipal 2020 Term Trust
BKK
$0.005000
(0.00500)
State-Specific Funds
Ticker
Distribution
Change
From
Prior
Distribution
BlackRock MuniHoldings California Quality
Fund, Inc.
MUC
$0.055000
0.004000
BlackRock California Municipal Income
Trust
BFZ
$0.038000
-
BlackRock MuniYield California Fund,
Inc.
MYC
$0.043000
-
BlackRock MuniYield California Quality
Fund, Inc.
MCA
$0.053000
-
BlackRock Maryland Municipal Bond
Trust
BZM
$0.046000
0.003500
BlackRock MuniYield Michigan Quality Fund,
Inc.
MIY
$0.056000
0.005000
BlackRock MuniHoldings New York Quality
Fund, Inc.
MHN
$0.054500
0.003000
BlackRock MuniYield New York Quality Fund,
Inc.
MYN
$0.051500
0.005000
BlackRock New York Municipal Income
Quality Trust
BSE
$0.052500
0.004000
BlackRock New York Municipal Income
Trust
BNY
$0.056500
0.006500
BlackRock New York Municipal Income Trust
II
BFY
$0.060500
0.004000
BlackRock MuniHoldings New Jersey Quality
Fund, Inc.
MUJ
$0.063000
0.005000
BlackRock MuniYield New Jersey Fund,
Inc.
MYJ
$0.062500
0.002000
BlackRock MuniYield Pennsylvania Quality
Fund
MPA
$0.055000
-
BlackRock MuniYield Arizona Fund, Inc.
MZA
$0.053000
0.002000
BlackRock Virginia Municipal Bond
Trust
BHV
$0.045500
-
BlackRock Massachusetts Tax-Exempt
Trust
MHE
$0.043000
-
BlackRock Florida Municipal 2020 Term
Trust
BFO
$0.002500
-
Taxable Municipal Fund:
Declaration- 10/1/2020 Ex-Date-
10/14/2020
Record-10/15/2020
Payable- 10/30/2020
Fund
Ticker
Distribution
Change From
Prior
Distribution
BlackRock Taxable Municipal Bond Trust
BBN
$0.117000
0.005200
Taxable Funds:
Declaration- 10/1/2020 Ex-Date-
10/14/2020
Record-10/15/2020 Payable- 10/30/2020
Fund
Ticker
Distribution
Change
From
Prior
Distribution
BlackRock Floating Rate Income Trust*
BGT
$0.076400
-
BlackRock Core Bond Trust*
BHK
$0.067600
-
BlackRock Multi-Sector Income Trust*
BIT
$0.123700
-
BlackRock Income Trust, Inc.*
BKT
$0.034400
-
BlackRock Limited Duration Income
Trust*
BLW
$0.098100
-
BlackRock Credit Allocation Income
Trust*
BTZ
$0.083900
-
BlackRock Debt Strategies Fund, Inc.*
DSU
$0.071100
-
BlackRock Enhanced Government Fund,
Inc.*
EGF
$0.041000
-
BlackRock Floating Rate Income Strategies
Fund, Inc.*
FRA
$0.078800
-
BlackRock Corporate High Yield Fund,
Inc.*
HYT
$0.077900
-
BlackRock 2022 Global Income Opportunity
Trust*
BGIO
$0.050000
-
Equity Funds:
Declaration- 10/1/2020 Ex-Date-
10/14/2020 Record-10/15/2020
Payable- 10/30/2020
Fund
Ticker
Distribution
Change
From
Prior
Distribution
BlackRock Resources & Commodities
Strategy Trust
BCX
$0.040000
-
BlackRock Enhanced Equity Dividend
Trust*
BDJ
$0.050000
-
BlackRock Energy and Resources Trust*
BGR
$0.047000
-
BlackRock Enhanced International Dividend
Trust*
BGY
$0.033800
-
BlackRock Health Sciences Trust*
BME
$0.200000
-
BlackRock Health Sciences Trust II*
BMEZ
$0.100000
-
BlackRock Enhanced Capital and Income
Fund, Inc.*
CII
$0.087500
-
BlackRock Enhanced Global Dividend
Trust*
BOE
$0.063000
-
BlackRock Utilities, Infrastructure &
Power Opportunities Trust*
BUI
$0.121000
-
BlackRock Science and Technology
Trust*
BST
$0.187000
0.021500
BlackRock Science and Technology Trust
II*
BSTZ
$0.115000
0.015000
Early Declaration of Regular Monthly
Distributions for BlackRock Municipal 2020 Term Trust (BKK) and
BlackRock Florida Municipal 2020 Term Trust (BFO):
November 2020 Distribution:
Declaration- 10/1/2020 Ex-Date-
11/13/2020 Record- 11/16/2020
Payable- 12/1/2020
Fund
Ticker
Distribution
Change
From
Prior
Distribution
BlackRock Municipal 2020 Term Trust
BKK
$0.005000
-
BlackRock Florida Municipal 2020 Term
Trust
BFO
$0.002500
-
December 2020 Distribution:
Declaration- 10/1/2020 Ex-Date-
12/14/2020 Record-
12/15/2020 Payable- 12/22/2020
Fund
Ticker
Distribution
BlackRock Municipal 2020 Term Trust
1
BKK
$0.259000
BlackRock Florida Municipal 2020 Term
Trust 1
BFO
$0.312000
1Commonly referred to as a “spillback” distribution, this
distribution of undistributed income and/or capital gains from the
Fund’s preceding fiscal year is required in order for the Fund to
satisfy regulated investment company related U.S. federal income
tax requirements.
Early Declaration of Regular Monthly
Distributions for BlackRock Enhanced Equity Dividend Trust
(BDJ):
November 2020 Distribution: Declaration- 10/1/2020
Ex-Date- 11/13/2020
Record- 11/16/2020
Payable- 11/30/2020
December 2020 Distribution: Declaration- 10/1/2020
Ex-Date- 12/14/2020
Record- 12/15/2020
Payable- 12/31/2020
Monthly Per-Share Distribution Amount:
Fund
Ticker
Distribution
BlackRock Enhanced Equity Dividend
Trust
BDJ
$0.050000
* In order to comply with the requirements of Section 19 of the
Investment Company Act of 1940, as amended (the “1940 Act”), each
of the Funds noted above posted to the DTC bulletin board and sent
to its shareholders of record as of the applicable record date a
Section 19 notice with the previous distribution payment. The
Section 19 notice was provided for informational purposes only and
not for tax reporting purposes. This information can be found in
the “Closed-End Funds” section of www.blackrock.com. As
applicable, the final determination of the source and tax
characteristics of all distributions in 2020 will be made after the
end of the year.
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 Trust II
(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 Trust II (NYSE: BSTZ), 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), and BlackRock Multi-Sector Income Trust
(NYSE:BIT) (collectively, the “Plan Funds”) have adopted a managed
distribution plan (a “Plan”) 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 Plan Fund’s Board of Directors/Trustees.
Under its Plan, each Plan Fund will distribute all available
investment 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 investment income
is not available on a monthly basis, each Plan Fund will distribute
long-term capital gains and/or return capital to its shareholders
in order to maintain a level distribution.
The Plan Funds’ estimated sources of the distributions paid as
September 30, 2020 and for their current fiscal year are as
follows:
Estimated Allocations as of September
30, 2020
Fund
Distribution
Net Investment Income
Net Realized Short- Term
Gains
Net Realized Long- Term Gains
Return of Capital
BCX1
$0.040000
$0.040000 (100%)
$0 (0%)
$0 (0%)
$0 (0%)
BDJ
$0.050000
$0.013790 (28%)
$0 (0%)
$0.036210 (72%)
$0 (0%)
BGR1
$0.047000
$0.025336 (54%)
$0 (0%)
$0 (0%)
$0.021664 (46%)
BGY1
$0.033800
$0.017585 (52%)
$0 (0%)
$0 (0%)
$0.016215 (48%)
BME1
$0.200000
$0.011149 (6%)
$0 (0%)
$0.072403 (36%)
$0.116448 (58%)
BMEZ1
$0.100000
$0 (0%)
$0.100000 (100%)
$0 (0%)
$0 (0%)
BOE1
$0.063000
$0.021861 (35%)
$0 (0%)
$0 (0%)
$0.041139 (65%)
BUI1
$0.121000
$0.026541 (22%)
$0 (0%)
$0.025189 (21%)
$0.069270 (57%)
CII1
$0.087500
$0.012815 (15%)
$0 (0%)
$0 (0%)
$0.074685 (85%)
BST1
$0.165500
$0 (0%)
$0 (0%)
$0.133937 (81%)
$0.031563 (19%)
BSTZ1
$0.100000
$0 (0%)
$0 (0%)
$0 (0%)
$0.100000 (100%)
EGF1
$0.041000
$0.026395 (64%)
$0 (0%)
$0 (0%)
$0.014605 (36%)
DSU1
$0.071100
$0.049564 (70%)
$0 (0%)
$0 (0%)
$0.021536 (30%)
FRA1
$0.078800
$0.055113 (70%)
$0 (0%)
$0 (0%)
$0.023687 (30%)
BGT1
$0.076400
$0.053574 (70%)
$0 (0%)
$0 (0%)
$0.022826 (30%)
HYT1
$0.077900
$0.071460 (92%)
$0 (0%)
$0 (0%)
$0.006440 (8%)
BTZ1
$0.083900
$0.077393 (92%)
$0 (0%)
$0 (0%)
$0.006507 (8%)
BLW1
$0.098100
$0.087460 (89%)
$0 (0%)
$0 (0%)
$0.010640 (11%)
BHK
$0.067600
$0.067458 (100%)
$0.000142 (0%)
$0 (0%)
$0 (0%)
BIT1
$0.123700
$0.087420 (71%)
$0 (0%)
$0 (0%)
$0.036280 (29%)
Estimated Allocations for the Fiscal
Year through September 30, 2020
Fund
Distribution
Net Investment Income
Net Realized Short- Term
Gains
Net Realized Long- Term Gains
Return of Capital
BCX1
$0.406400
$0.169940 (42%)
$0 (0%)
$0 (0%)
$0.236460 (58%)
BDJ
$0.450000
$0.252239 (56%)
$0 (0%)
$0.197761 (44%)
$0 (0%)
BGR1
$0.526200
$0.256669 (49%)
$0 (0%)
$0 (0%)
$0.269531 (51%)
BGY1
$0.304200
$0.108040 (36%)
$0 (0%)
$0 (0%)
$0.196160 (64%)
BME1
$1.800000
$0.016253 (1%)
$0 (0%)
$0.404872 (22%)
$1.378875 (77%)
BMEZ1
$0.600000
$0 (0%)
$0.599464 (100%)
$0 (0%)
$0.000536 (0%)
BOE1
$0.567000
$0.219079 (39%)
$0 (0%)
$0 (0%)
$0.347921 (61%)
BUI1
$1.089000
$0.301293 (28%)
$0 (0%)
$0.083979 (8%)
$0.703728 (64%)
CII1
$0.787500
$0.121458 (15%)
$0 (0%)
$0.385080 (49%)
$0.280962 (36%)
BST1
$1.489500
$0 (0%)
$0 (0%)
$0.133937 (9%)
$1.355563 (91%)
BSTZ1
$0.900000
$0 (0%)
$0 (0%)
$0 (0%)
$0.900000 (100%)
EGF1
$0.328000
$0.246145 (75%)
$0 (0%)
$0 (0%)
$0.081855 (25%)
DSU1
$0.568800
$0.469782 (83%)
$0 (0%)
$0 (0%)
$0.099018 (17%)
FRA1
$0.630400
$0.495072 (79%)
$0 (0%)
$0 (0%)
$0.135328 (21%)
BGT1
$0.611200
$0.485207 (79%)
$0 (0%)
$0 (0%)
$0.125993 (21%)
HYT1
$0.623200
$0.583482 (94%)
$0 (0%)
$0 (0%)
$0.039718 (6%)
BTZ1
$0.671200
$0.612965 (91%)
$0 (0%)
$0 (0%)
$0.058235 (9%)
BLW1
$0.784800
$0.719544 (92%)
$0 (0%)
$0 (0%)
$0.065256 (8%)
BHK
$0.540800
$0.538385 (100%)
$0.002415 (0%)
$0 (0%)
$0 (0%)
BIT1
$1.360700
$0.957930 (70%)
$0 (0%)
$0 (0%)
$0.402770 (30%)
1The Plan 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 Plan Fund's investment performance and should not be
confused with ‘yield’ or ‘income’. When distributions exceed total
return performance, the difference will reduce the Plan 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 Plan Fund’s investment
experience during the remainder of its fiscal year and may be
subject to changes based on tax regulations. Each Plan 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:
Fund
Average annual total return (in
relation to NAV) for the 5-year period ending on 8/31/2020
Annualized current distribution
rate expressed as a percentage of NAV as of 8/31/2020
Cumulative total return (in
relation to NAV) for the fiscal year through 8/31/2020
Cumulative fiscal year
distributions as a percentage of NAV as of 8/31/2020
BCX
4.50%
6.20%
(9.20)%
4.73%
BDJ
7.42%
7.06%
(10.69)%
4.71%
BGR
(6.36)%
7.15%
(33.30)%
6.07%
BGY
5.08%
6.56%
0.56%
4.38%
BME
10.71%
5.55%
9.16%
3.70%
BMEZ*
31.10%
4.68%
31.10%
1.95%
BOE
4.95%
6.67%
(3.09)%
4.45%
BUI
9.27%
6.70%
3.25%
4.47%
CII
10.71%
5.96%
2.68%
3.98%
BST
26.83%
4.58%
38.61%
3.06%
BSTZ*
55.58%
4.10%
44.85%
2.74%
EGF
2.36%
3.65%
1.98%
2.13%
DSU
5.78%
7.59%
(3.40)%
4.43%
FRA
4.23%
7.04%
(3.09)%
4.11%
BGT
4.18%
7.04%
(3.01)%
4.10%
HYT
8.27%
8.11%
2.03%
4.73%
BTZ
8.23%
6.61%
6.29%
3.85%
BLW
6.92%
7.18%
0.90%
4.19%
BHK
8.77%
4.99%
9.56%
2.91%
BIT
8.27%
8.34%
7.72%
6.95%
* Portfolio launched within the past 5 years; the performance
and distribution rate information presented for this Fund reflects
data from inception to 8/31/2020.
Shareholders should not draw any conclusions about a Plan
Fund’s investment performance from the amount of the Plan Fund’s
current distributions or from the terms of a Plan Fund’s
Plan.
BKT has adopted a Plan whereby beginning August 2018 the Fund
will make fixed monthly distributions to common stockholders and
will distribute all available investment income to its
stockholders, consistent with its investment objective and as
required by the Code. The fixed amount distributed per share is
subject to change at the discretion of BKT’s Board. If
sufficient investment income is not available on a monthly basis,
the Fund will distribute long-term capital gains and/or return
capital to its stockholders in order to maintain a level
distribution. The Fund is currently not relying on any exemptive
relief from Section 19(b) of the 1940 Act. The Fund expects that
distributions under the Plan will exceed current income and capital
gains and therefore will likely include a return of capital. BKT
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.
BKT’s estimated sources of the distributions paid as of
September 30, 2020 and for its current fiscal year are as
follows:
Estimated Allocations as of September
30, 2020
Fund
Distribution
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long- Term Gains
Return of Capital
BKT2
$0.034400
$0.030029 (87%)
$0 (0%)
$0 (0%)
$0.004371 (13%)
Estimated Allocations for the Fiscal
Year through September 30, 2020
Fund
Distribution
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long- Term Gains
Return of Capital
BKT2
$0.275200
$0.241568 (88%)
$0 (0%)
$0 (0%)
$0.033632 (12%)
2BKT estimates that it has distributed more than its income and
net realized capital gains in the current fiscal year; therefore, a
portion of the distribution may be a return of capital. A return of
capital may occur, for example, when some or all of a stockholder’s
investment is paid back to the stockholder. A return of capital
distribution does not necessarily reflect BKT’s investment
performance and should not be confused with ‘yield’ or ‘income’.
When distributions exceed total return performance, the difference
will reduce BKT’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’s investment experience during the
remainder of its fiscal year and may be subject to changes based on
tax regulations. BKT 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:
Fund
Average annual total return (in
relation to NAV) for the 5-year period ending on 8/31/2020
Annualized current distribution
rate expressed as a percentage of NAV as of 8/31/2020
Cumulative total return (in
relation to NAV) for the fiscal year through 8/31/2020
Cumulative fiscal year
distributions as a percentage of NAV as of 8/31/2020
BKT
3.69%
6.53%
4.32%
3.81%
No conclusions should be drawn about BKT’s investment
performance from the amount of the Fund’s distributions or from the
terms of the Fund’s Plan.
The amount distributed per share under a Plan is subject to
change at the discretion of the applicable Fund’s Board. Each
Plan will be subject to ongoing review by the Board to determine
whether the Plan should be continued, modified or terminated. The
Board may amend the terms of a Plan or suspend or terminate a Plan
at any time without prior notice to the Fund’s shareholders if it
deems such actions to be in the best interest of the Fund or its
shareholders. The amendment or termination of a Plan could have an
adverse effect on the market price of the Fund's shares.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, our clients turn to us for the
solutions they need when planning for their most important goals.
As of June 30, 2020, the firm managed approximately $7.32 trillion
in assets on behalf of investors worldwide. For additional
information on BlackRock, please visit www.blackrock.com/corporate
| Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock.
Availability of Fund Updates
BlackRock will update performance and certain other data for the
Funds on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Fund’s 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 a Fund 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201001006138/en/
BlackRock Closed-End Funds 1-800-882-0052
BlackRock Municipal Inco... (NYSE:BAF)
Historical Stock Chart
From Jul 2024 to Aug 2024
BlackRock Municipal Inco... (NYSE:BAF)
Historical Stock Chart
From Aug 2023 to Aug 2024