Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
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), BlackRock Science and Technology
Trust (NYSE: BST), and BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) (collectively, the “Funds”) paid the following
distributions per share:
|
|
|
|
|
|
|
Trust |
|
|
Pay Date |
|
|
Per Share |
BCX |
|
|
June 29, 2018 |
|
|
$0.051600 |
BDJ |
|
|
June 29, 2018 |
|
|
$0.046700 |
BGR |
|
|
June 29, 2018 |
|
|
$0.077600 |
BGY |
|
|
June 29, 2018 |
|
|
$0.038000 |
BME |
|
|
June 29, 2018 |
|
|
$0.200000 |
BOE |
|
|
June 29, 2018 |
|
|
$0.078000 |
BUI |
|
|
June 29, 2018 |
|
|
$0.121000 |
CII |
|
|
June 29, 2018 |
|
|
$0.082800 |
BST |
|
|
June 29, 2018 |
|
|
$0.130000 |
EGF |
|
|
June 29, 2018 |
|
|
$0.041000 |
Each of the Funds has adopted a level distribution plan (the “Plan”) and employs a managed distribution and/or 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 years are as follows:
Estimated Allocations as of June 29, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust
|
|
|
|
Distribution
|
|
|
|
Net Investment
Income
|
|
|
|
Net Realized Short-
Term Gains
|
|
|
|
Net Realized Long-
Term Gains
|
|
|
|
Return of Capital
|
BCX |
|
|
|
$0.051600 |
|
|
|
$0.013991 (27%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.037609 (73%) |
BDJ |
|
|
|
$0.046700 |
|
|
|
$0.018036 (39%) |
|
|
|
$0 (0%) |
|
|
|
$0.028664 (61%) |
|
|
|
$0 (0%) |
BGR |
|
|
|
$0.077600 |
|
|
|
$0.037592 (48%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.040008 (52%) |
BGY |
|
|
|
$0.038000 |
|
|
|
$0.006607 (17%) |
|
|
|
$0 (0%) |
|
|
|
$0.031393 (83%) |
|
|
|
$0 (0%) |
BME |
|
|
|
$0.200000 |
|
|
|
$0.002786 (1%) |
|
|
|
$0 (0%) |
|
|
|
$0.197214 (99%) |
|
|
|
$0 (0%) |
BOE |
|
|
|
$0.078000 |
|
|
|
$0.026624 (34%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.051376 (66%) |
BUI |
|
|
|
$0.121000 |
|
|
|
$0.114888 (95%) |
|
|
|
$0.006112 (5%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
CII |
|
|
|
$0.082800 |
|
|
|
$0.018676 (23%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.064124 (77%) |
BST |
|
|
|
$0.130000 |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.130000 (100%) |
|
|
|
$0 (0%) |
EGF |
|
|
|
$0.041000 |
|
|
|
$0.023172 (57%) |
|
|
|
$0 (0%) |
|
|
|
$0 (0%) |
|
|
|
$0.017828 (43%) |
Estimated Allocations for the Fiscal Year through June 29, 2018
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust |
|
|
Distribution |
|
|
Net Investment
Income
|
|
|
Net Realized Short-
Term Gains
|
|
|
Net Realized Long-
Term Gains
|
|
|
Return of Capital
|
BCX1 |
|
|
$0.309600 |
|
|
$0.108728 (35%) |
|
|
$0 (0%) |
|
|
$0 (0%) |
|
|
$0.200872 (65%) |
BDJ |
|
|
$0.280200 |
|
|
$0.081478 (29%) |
|
|
$0.008302 (3%) |
|
|
$0.19042 (68%) |
|
|
$0 (0%) |
BGR1 |
|
|
$0.465600 |
|
|
$0.138969 (30%) |
|
|
$0 (0%) |
|
|
$0 (0%) |
|
|
$0.326631 (70%) |
BGY |
|
|
$0.228000 |
|
|
$0.113511 (50%) |
|
|
$0 (0%) |
|
|
$0.114489 (50%) |
|
|
$0 (0%) |
BME |
|
|
$1.200000 |
|
|
$0.047943 (4%) |
|
|
$0.009451 (1%) |
|
|
$1.142606 (95%) |
|
|
$0 (0%) |
BOE1 |
|
|
$0.468000 |
|
|
$0.18578 (40%) |
|
|
$0.097648 (21%) |
|
|
$0 (0%) |
|
|
$0.184572 (39%) |
BUI1 |
|
|
$0.726000 |
|
|
$0.288398 (40%) |
|
|
$0.047828 (7%) |
|
|
$0.023475 (3%) |
|
|
$0.366299 (50%) |
CII1 |
|
|
$0.496800 |
|
|
$0.08205 (17%) |
|
|
$0 (0%) |
|
|
$0 (0%) |
|
|
$0.41475 (83%) |
BST |
|
|
$0.780000 |
|
|
$0 (0%) |
|
|
$0 (0%) |
|
|
$0.780000 (100%) |
|
|
$0 (0%) |
EGF1 |
|
|
$0.205000 |
|
|
$0.127902 (62%) |
|
|
$0 (0%) |
|
|
$0 (0%) |
|
|
$0.077098 (38%) |
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 not 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trust |
|
|
Average annual
total return (in
relation to NAV) for
the 5-year period
ending on
05/31/2018
|
|
|
Annualized current
distribution rate expressed
as a percentage of NAV as
of 05/31/2018
|
|
|
Cumulative total
return (in relation to
NAV) for the fiscal
year through
05/31/2018
|
|
|
Cumulative fiscal
year distributions as
a percentage of
NAV as of
05/31/2018
|
BCX |
|
|
2.87% |
|
|
5.89% |
|
|
0.38% |
|
|
2.45% |
BDJ |
|
|
9.50% |
|
|
5.75% |
|
|
(0.68)% |
|
|
2.39% |
BGR |
|
|
(1.15)% |
|
|
5.88% |
|
|
3.63% |
|
|
2.45% |
BGY |
|
|
2.76% |
|
|
7.14% |
|
|
(6.07)% |
|
|
2.97% |
BME |
|
|
14.25% |
|
|
6.50% |
|
|
3.92% |
|
|
2.71% |
BOE |
|
|
5.01% |
|
|
7.81% |
|
|
(6.38)% |
|
|
3.25% |
BUI |
|
|
7.76% |
|
|
7.29% |
|
|
(1.88)% |
|
|
3.04% |
CII |
|
|
11.73% |
|
|
5.75% |
|
|
1.06% |
|
|
2.40% |
BST* |
|
|
21.72% |
|
|
4.80% |
|
|
14.29% |
|
|
2.00% |
EGF |
|
|
1.53% |
|
|
3.62% |
|
|
(0.76)% |
|
|
1.51% |
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. *Portfolio launched within the past 5 years; this represents the average
annual total return (in relation to NAV) from inception to 05/31/2018.
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 March 31, 2018, the firm managed approximately
$6.317 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.
Forward-Looking Statements
This press release, and other statements that BlackRock or the Funds may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with respect to the Funds 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 the Funds 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.
BlackRock Closed-End Funds
1-800-882-0052
View source version on businesswire.com: https://www.businesswire.com/news/home/20180629005651/en/