BlackRock has announced updated distribution details for several of its closed-end funds. Below is a summary of the key updates:
Summary of Distribution Announcements
- Tax-Exempt Municipal Funds: Sixteen funds have reported increases in their monthly distribution amounts per share.
- BlackRock Energy and Resources Trust (BGR): Increased its monthly distribution amount per share.
- Early Declarations: All funds declared their October distributions in advance, and BlackRock Enhanced Equity Dividend Trust (BDJ) also declared its November distribution early to meet the remaining distribution requirements for December 31, 2023.
Distribution Schedule for October and November 2024:
Tax-Exempt Municipal Funds
- Key Dates: Declaration – 9/12/2024, Ex – 10/15/2024, Record – 10/15/2024, Payable – 11/1/2024Fund NameTickerDistributionChange ($)Change (%)BlackRock Municipal Income Quality TrustBYM$0.055500+$0.003000+5.7%BlackRock Long-Term Municipal Advantage TrustBTA$0.049500+$0.006000+13.8%BlackRock MuniAssets Fund, Inc.MUA$0.055500–BlackRock Municipal Income Fund, Inc.MUI$0.055000–BlackRock Municipal Income TrustBFK$0.050000–BlackRock Investment Quality Municipal Trust, Inc.BKN$0.057000–BlackRock Municipal Income Trust IIBLE$0.054000+$0.002000+3.8%BlackRock Municipal 2030 Target Term TrustBTT$0.046400–BlackRock MuniHoldings FundMHD$0.059500+$0.007000+13.3%BlackRock MuniYield Quality Fund II, Inc.MQT$0.051000+$0.002000+4.1%BlackRock MuniYield Quality Fund, Inc.MQY$0.058000–BlackRock MuniHoldings Quality Fund II, Inc.MUE$0.051000+$0.006000+13.3%BlackRock MuniVest Fund II, Inc.MVT$0.054000+$0.003500+6.9%BlackRock MuniYield Fund, Inc.MYD$0.054500+$0.002000+3.8%BlackRock MuniYield Quality Fund III, Inc.MYI$0.055500–BlackRock MuniVest Fund, Inc.MVF$0.036000+$0.006000+20.0%BlackRock 2037 Municipal Target Term TrustBMN$0.093750–
State-Specific Funds
- Key Dates: Declaration – 9/12/2024, Ex – 10/15/2024, Record – 10/15/2024, Payable – 11/1/2024Fund NameTickerDistributionChange ($)Change (%)BlackRock MuniHoldings California Quality Fund, Inc.MUC$0.053500+$0.005000+10.3%BlackRock California Municipal Income TrustBFZ$0.059000–BlackRock MuniYield Michigan Quality Fund, Inc.MIY$0.054500+$0.008000+17.2%BlackRock MuniHoldings New Jersey Quality Fund, Inc.MUJ$0.054000+$0.004000+8.0%BlackRock MuniHoldings New York Quality Fund, Inc.MHN$0.051500+$0.008000+18.4%BlackRock MuniYield New York Quality Fund, Inc.MYN$0.051200+$0.007000+15.8%BlackRock New York Municipal Income TrustBNY$0.051000+$0.008000+18.6%BlackRock MuniYield Pennsylvania Quality FundMPA$0.066000–BlackRock Virginia Municipal Bond TrustBHV$0.051500+$0.012000+30.4%
Taxable Municipal Fund
- Key Dates: Declaration – 9/12/2024, Ex – 10/15/2024, Record – 10/15/2024, Payable – 10/31/2024Fund NameTickerDistributionBlackRock Taxable Municipal Bond TrustBBN$0.092900
Taxable Fixed Income Funds
- Key Dates: Declaration – 9/12/2024, Ex – 10/15/2024, Record – 10/15/2024, Payable – 10/31/2024Fund NameTickerDistributionBlackRock Floating Rate Income TrustBGT$0.120280BlackRock Core Bond TrustBHK$0.074600BlackRock Multi-Sector Income TrustBIT$0.123700BlackRock Income Trust, Inc.BKT$0.088200BlackRock Limited Duration Income TrustBLW$0.113200BlackRock Credit Allocation Income TrustBTZ$0.083900BlackRock Debt Strategies Fund, Inc.DSU$0.098730BlackRock Enhanced Government Fund, Inc.EGF$0.041000BlackRock Floating Rate Income Strategies Fund, Inc.FRA$0.123840BlackRock Corporate High Yield Fund, Inc.HYT$0.077900
Equity Funds
- Key Dates: Declaration – 9/12/2024, Ex – 10/15/2024, Record – 10/15/2024, Payable – 10/31/2024Fund NameTickerDistributionChange ($)Change (%)BlackRock Resources & Commodities Strategy TrustBCX$0.051800–BlackRock Enhanced Equity Dividend TrustBDJ$0.056200–BlackRock Energy and Resources TrustBGR$0.075400+$0.009700+14.8%BlackRock Enhanced International Dividend TrustBGY$0.033800–BlackRock Health Sciences TrustBME$0.213000–BlackRock Enhanced Global Dividend TrustBOE$0.063000–BlackRock Utilities, Infrastructure & Power Opportunities TrustBUI$0.121000–BlackRock Enhanced Capital and Income Fund, Inc.CII$0.099500–BlackRock Science and Technology TrustBST$0.250000–
- Additional Key Dates for BDJ: Declaration – 9/12/2024, Ex – 11/15/2024, Record – 11/15/2024, Payable – 11/29/2024Fund NameTickerDistributionBlackRock Enhanced Equity Dividend TrustBDJ$0.056200
Additional Notes:
In compliance with Section 19 of the Investment Company Act of 1940, each fund provided a Section 19 notice to shareholders with the previous distribution payment. This notice is for informational purposes only and does not serve as tax reporting. The final determination of the source and tax characteristics of all distributions in 2024 will be made after the end of the year.
Several funds, including BlackRock Enhanced Government Fund, Inc. (EGF) and BlackRock Debt Strategies Fund, Inc. (DSU), have adopted a managed distribution plan to provide a consistent monthly distribution of income, capital gains, and/or return of capital. These distributions are subject to change based on the discretion of each Fund’s Board of Directors/Trustees.
Estimated Distribution Allocations as of August 30, 2024
The estimated sources of the distributions are detailed for each fund, including net income, short-term and long-term gains, and return of capital. This information is provided for regulatory
