Certain BlackRock closed-end funds (the Funds) announced distributions today as detailed below. BlackRock Science and Technology Trust (NYSE:BST) also announced a special distribution.
Regular Monthly Distributions:
|Declaration- 12/7/2018||Ex-Date- 12/14/2018|
Change From Prior Distribution
|BlackRock Resources & Commodities Strategy Trust*||BCX||$0.051600||–|
|BlackRock Enhanced Equity Dividend Trust*||BDJ||$0.046700||–|
|BlackRock Energy and Resources Trust*||BGR||$0.077600||–|
|BlackRock Enhanced International Dividend Trust*||BGY||$0.033800||–|
|BlackRock Health Sciences Trust*||BME||$0.200000||–|
|BlackRock Enhanced Capital and Income Fund, Inc.*||CII||$0.082800||–|
|BlackRock Enhanced Global Dividend Trust*||BOE||$0.063000||–|
|BlackRock Utilities, Infrastructure & Power Opportunities Trust*||BUI||$0.121000||–|
|BlackRock Science and Technology Trust*||BST||$0.150000||–|
|Declaration- 12/7/2018||Ex-Date- 12/14/2018||Record- 12/17/2018||Payable- 12/31/2018|
Long-Term Capital Gain
|BlackRock Science and Technology Trust*||BST||$0.080278|
* 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 2018 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 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 Plan Funds) have adopted a managed distribution plan (a 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 Plan Funds 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 of November 30, 2018 and for their current fiscal year are as follows:
|Estimated Allocations as of November 30, 2018|
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long-Term Gains
|Return of Capital|
|BCX1||$0.051600||$0.005806 (11%)||$0 (0%)||$0 (0%)||$0.045794 (89%)|
|BDJ||$0.046700||$0.016133 (35%)||$0 (0%)||$0.030567(65%)||$0 (0%)|
|BGR1||$0.077600||$0.020152 (26%)||$0 (0%)||$0 (0%)||$0.057448 (74%)|
|BGY||$0.033800||$0 (0%)||$0 (0%)||$0.033800(100%)||$0 (0%)|
|BME1||$0.200000||$0 (0%)||$0 (0%)||$0.200000 (100%)||$0 (0%)|
|BOE1||$0.063000||$0.006091 (10%)||$0.002565 (4%)||$0 (0%)||$0.054344 (86%)|
|BUI1||$0.121000||$0.023882 (20%)||$0 (0%)||$0 (0%)||$0.097118 (80%)|
|CII1||$0.082800||$0.014329 (17%)||$0 (0%)||$0.068471 (83%)||$0 (0%)|
|BST||$0.150000||$0 (0%)||$0 (0%)||$0.150000 (100%)||$0 (0%)|
|Estimated Allocations for the Fiscal Year through November 30, 2018|
Net Investment Income
Net Realized Short-Term Gains
Net Realized Long-Term Gains
|Return of Capital|
|BCX1||$0.567600||$0.194585 (34%)||$0 (0%)||$0 (0%)||$0.373015 (66%)|
|BDJ||$0.513700||$0.161773 (31%)||$0 (0%)||$0.351927 (69%)||$0 (0%)|
|BGR1||$0.853600||$0.225412 (26%)||$0 (0%)||$0 (0%)||$0.628188 (74%)|
|BGY||$0.409600||$0.150235 (37%)||$0 (0%)||$0.259365 (63%)||$0 (0%)|
|BME1||$2.200000||$0.058208 (3%)||$0 (0%)||$1.517732 (69%)||$0.624060 (28%)|
|BOE1||$0.783000||$0.271111 (35%)||$0.002565 (0%)||$0 (0%)||$0.509324 (65%)|
|BUI1||$1.331000||$0.419297 (32%)||$0 (0%)||$0.006578 (0%)||$0.905125 (68%)|
|CII1||$0.910800||$0.145361 (16%)||$0 (0%)||$0.261042 (29%)||$0.504397 (55%)|
|BST||$1.530000||$0 (0%)||$0 (0%)||$1.530000 (100%)||$0 (0%)|
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 shareholders 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 Funds 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 Funds 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:|
Average annual total return (in relation to NAV) for the 5-year period ending on 10/31/2018
Annualized current distribution rate expressed as a percentage of NAV as of 10/31/2018
Cumulative total return (in relation to NAV) for the fiscal year through 10/31/2018
Cumulative fiscal year distributions as a percentage of NAV as of 10/31/2018
*Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 10/31/2018.
Shareholders should not draw any conclusions about a Plan Funds investment performance from the amount of the Plan Funds current distributions or from the terms of a Plan Funds Plan.
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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 BlackRocks website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRocks website in this release.
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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 Funds 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) BlackRocks 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 BlackRocks website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRocks website is not a part of this press release.
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