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 Enhanced Global Dividend
Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power
Opportunities Trust (NYSE: BUI), BlackRock Enhanced Capital and
Income Fund, Inc. (NYSE: CII), and BlackRock Science and Technology
Trust (NYSE: BST) (collectively, the “Funds”) paid the following
distributions per share:
Fund
Pay Date Per Share BCX December 31,
2018 $0.051600 BDJ December 31, 2018
$0.046700 BGR December 31, 2018
$0.077600 BGY December 31, 2018
$0.033800 BME December 31, 2018
$0.200000 BOE December 31, 2018
$0.063000 BUI December 31, 2018
$0.121000 CII December 31, 2018
$0.082800 BST December 31, 2018
$0.230278
Each of the Funds have adopted a managed distribution plan (the
“Plan”) and employ an option over-write policy 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 Fund’s Board of Directors/Trustees.
Under its Plan, each Fund will distribute all available investment
income to its shareholders, consistent with its primary investment
objectives and as required by the Internal Revenue Code of 1986, as
amended. If sufficient investment income 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.
The Funds’ estimated sources of the distributions paid this
month and for their current fiscal year are as follows:
Estimated Allocations as of December 31, 2018 Fund
Distribution Net Investment Income
Net Realized Short-Term Gains Net
Realized Long-Term Gains Return of Capital BCX1
$0.051600 $0.014594 (28%)
$0 (0%) $0 (0%) $0.037006 (72%) BDJ
$0.046700 $0.015620 (33%)
$0 (0%) $0.031080 (67%) $0 (0%) BGR1
$0.077600 $0.047140 (61%)
$0 (0%) $0 (0%) $0.030460 (39%) BGY
$0.033800 $0.011633 (34%)
$0 (0%) $0.022167 (66%) $0 (0%) BME1
$0.200000 $0.012197 (6%)
$0 (0%) $0.064060 (32%) $0.123743 (62%)
BOE1 $0.063000 $0.023312 (37%)
$0 (0%) $0 (0%) $0.039688 (63%)
BUI1 $0.121000 $0.055756 (46%)
$0 (0%) $0 (0%) $0.065244 (54%)
CII1 $0.082800 $0.020317 (25%)
$0 (0%) $0 (0%) $0.062483 (75%)
BST $0.230278 $0 (0%) $0
(0%) $0.230278 (100%) $0 (0%)
Estimated Allocations for the Fiscal Year through December 31,
2018 Fund Distribution Net
Investment Income Net Realized Short-Term Gains
Net Realized Long-Term Gains Return of
Capital BCX1 $0.619200 $0.209697 (34%)
$0 (0%) $0 (0%) $0.409503
(66%) BDJ $0.560400 $0.177394 (32%)
$0 (0%) $0.383006 (68%)
$0 (0%) BGR1 $0.931200 $0.272552 (29%)
$0 (0%) $0 (0%) $0.658648
(71%) BGY $0.443400 $0.162370 (37%)
$0 (0%) $0.281030 (63%)
$0 (0%) BME1 $2.400000 $0.069995 (3%)
$0 (0%) $1.590526 (66%)
$0.739479 (31%) BOE1 $0.846000
$0.295560 (35%) $0 (0%) $0 (0%)
$0.550440 (65%) BUI1 $1.452000
$0.474884 (33%) $0 (0%) $0 (0%)
$0.977116 (67%) CII1 $0.993600
$0.165678 (17%) $0 (0%) $0.128622 (13%)
$0.699300 (70%) BST $1.760278
$0 (0%) $0 (0%) $1.760278 (100%)
$0 (0%)
1The 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.
Fund Performance and Distribution Rate Information: Fund
Average annual total return (in relation to NAV) for
the 5-year period ending on 11/30/2018 Annualized
current distribution rate expressed as a percentage of NAV as of
11/30/2018 Cumulative total return (in relation to
NAV) for the fiscal year through 11/30/2018
Cumulative fiscal year distributions as a percentage of NAV as of
11/30/2018 BCX (0.25)% 7.19%
(10.59)% 6.59% BDJ 8.25%
6.25% 1.15% 5.73% BGR
(5.39)% 7.40% (10.71)%
6.79% BGY 0.28% 6.92%
(8.26)% 6.99% BME 13.43%
6.51% 15.56% 5.97% BOE
3.36% 6.68% (4.29)%
6.92% BUI 6.73% 7.48%
(1.16)% 6.85% CII 9.78%
6.30% 3.42% 5.78% BST*
16.95% 10.28% 7.14%
5.69%
* Portfolio launched within the past 5 years; the performance
and distribution rate information presented for this Fund reflects
data from inception to 11/30/2018.
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.
About BlackRock
BlackRock helps investors build better financial
futures. As a fiduciary to our clients, we provide the
investment and technology solutions they need when planning for
their most important goals. As of September 30, 2018, the firm
managed approximately $6.44 trillion in assets on behalf of
investors worldwide. For additional information on BlackRock,
please visit www.blackrock.com |
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20181231005125/en/
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