BlackRock Capital Allocation Trust

Shares of BlackRock Capital Allocation Term Trust have delivered a 21% total return since my January 30, 2024, Buy recommendation. BCAT's outperformance has been driven by a significant narrowing of its discount to NAV from 10.8% to 3.7%. Given the current valuation relative to NAV, I now view BCAT as reasonably valued.

BCAT: The Easy Money Has Been Made (Rating Downgrade)

BlackRock Taxable Municipal Bond Trust

BlackRock Resources & Commodities Strategy Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Energy and Resources Trust

BlackRock Enhanced International Dividend Trust

BlackRock Innovation & Growth Trust

Blackrock Health Sciences Trust

BlackRock Health Sciences Trust II

BlackRock Enhanced Global Dividend Trust

BlackRock Science & Technology

BlackRock Science and Technology Trust II

BlackRock Utilities Infrastructure & Power Opportunities Trust

BlackRock Enhanced Capital and Income Fund

Blackrock ESG Capital Allocation Trust

NEW YORK--(BUSINESS WIRE)---- $BBN--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 Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions

NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds' ongoing efforts to manage discounts and enhance long-term shareholder value and.

Certain BlackRock Closed-End Funds Announce Tender Offer in Conjunction with Results of the Quarterly Measurement Period of their Discount Management Programs

Blackstone Strategic Credit Fund

Blackstone Secured Lending Fund

Calamos Global Dynamic Income Fund

Golub Capital BDC

Hercules Capital

Kayne Anderson MLP Investment

Blue Owl Capital Corp

LMP Capital and Income Fund

Solar Capital

24/7 Wall Street Insights The Federal Reserve's rate cut to calm market speculation may potentially re-fuel higher inflation and possibly trigger a recession.

Want $1,500 in Annual Passive Income? Invest $1,500 in Each Of These 10 Stocks

NEW YORK--(BUSINESS WIRE)---- $BCAT--Today, each of BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (each a “Fund,” and collectively the “Funds”) declared its October distribution early under each Fund's managed distribution plan (“Plan”). Each Fund has adopted a Plan to supp.

Distribution Dates and Amounts Announced for ECAT, BCAT, BMEZ, BSTZ and BIGZ

NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the expiration and preliminary results of each Fund's tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). Each Tender Offer commenced on July 17, 2024 and expired at 5:00 p.m. Eastern time on August 16, 2024. Based on preliminary information, the number of Shares properly tendered for each Fund and not withdrawn is noted in the table below. Fund.

Certain BlackRock Funds Announce Expiration and Preliminary Results of Tender Offers: CII, BDJ, BGR, BCAT

BlackRock's Capital Allocation Term Trust offers a high yield of 21% with monthly distributions, providing a steady income stream for investors. BCAT's portfolio strategy includes a diverse mix of equities and fixed income securities. Part of BCAT's strategy includes a covered call strategy that implements out-of-the-money approach, which allows for greater capital appreciation.

BCAT: May Benefit From Future Interest Rate Cuts

Blackrock California Muni Income Trust

Blackrock New York Municipal Income Trust

BlackRock MuniHoldings New York Quality Fund Inc

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield New York Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today the final certified voting results of the 2024 Annual Meetings of Shareholders (the “Annual Meetings”) of the ten closed-end funds contested by Saba Capital Management, L.P. (“Saba”): BlackRock Capital Allocation Term Trust (NYSE: BCAT) BlackRock California Municipal Income Trust (NYSE: BFZ) BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) BlackRock Health Sciences Term Trust (NYSE: BMEZ) BlackRock New York.

BlackRock Announces Certified Results of 2024 Annual Meetings of Ten Contested Closed-End Funds

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that leading independent proxy advisory firm Glass Lewis has issued recommendations for the reelection of ALL of BlackRock's Board nominees and against ALL proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”) at the upcoming contested meetings for ten closed-end funds advised by BlackRock. Glass Lewis has recommended that shareholders vote on the WHITE proxy card: FOR ALL Board nomine.

Glass Lewis Supports ALL of BlackRock's Board Nominees and Rejects ALL of Saba's Proposals to Terminate BlackRock as Investment Adviser at Contested CEF Annual Meetings

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) announced today that Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has issued additional supportive reports for BlackRock and its Board nominees at several closed-end funds, and against the proposals put forth by dissident shareholder Saba Capital Management, L.P. (“Saba”). ISS has recommended that shareholders vote: AGAINST ALL proposals to terminate BlackRock as investment adviser of.

ISS Rejects ALL Proposals to Terminate BlackRock as Investment Adviser and Recommends Shareholders Support ALL BlackRock Board Nominees at BCAT, BMEZ, BNY, MPA on WHITE Proxy Card at Upcoming CEF Annual Meetings

India Fund Inc

Nuveen New York AMT

PIMCO Corporate & Income Strategy Fund

PIMCO Dynamic Income Strategy Fund

Pimco High Income Fund

Cohen & Steers Select Preferred and Income Fund

TCW Strategic Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

Technology Select Sector SPDR Fund

Health Care Select Sector SPDR Fund

Taxable bond CEF space value shrinking as discounts tighten. Opportunities exist, especially following activists. Focus on top-down assessment, cheap sectors, and specific funds like Cohen & Steers Select Preferred and Income.

CEF Report | May 2024 | Activism Is Heating Up

There appears to be growing evidence that CEF fund sponsors and income-hungry investors are willing to sacrifice longer-term fund prosperity for higher yields today. By increasing annualized NAV distribution levels to as high as 20%, this is resulting in distribution increases of 60% to 120% just this year. This may be great news for shareholders and activist investors demanding action to reduce fund discounts and increase valuations. But is this all an act of desperation at a market top?

Will ECAT And BCAT Be The Poster Children Of A Market Top?

Gabelli Dividend & Income Trust

abrdn Life Sciences Investors 

Closed-end funds have unique features that make them very attractive investment vehicles for the right asset classes and investors who understand them. Especially for complex and/or less liquid asset classes, like corporate senior loans, high-yield bonds, collateralized loan obligations, and the more recently discovered (by retail investors) "private credit" Activist and institutional investors are worth watching, so we can piggyback onto their efforts in the closed-end fund world.

Finding Opportunities In The Closed-End Fund World

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (together with its affiliates, “Saba” or “we”) today issued a presentation detailing its plan to deliver shareholder value at 10 BlackRock Advisors, LLC (“BlackRock”) closed-end funds (collectively, the “Funds”).1 The presentation can be viewed here. As a reminder, Saba has submitted proposals to (i.) elect new, independent directors to each of the Funds' Boards of Trustees, and (ii.) terminate the management agreement between BlackRock a.

Saba Capital Releases Presentation Detailing Plan to Deliver Enhanced Shareholder Value at 10 BlackRock Closed-End Funds

NEW YORK--(BUSINESS WIRE)--Today, the Board of Trustees of each of BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (each a “Fund,” and collectively the “Funds”) announced increased distribution rates under each Fund's managed distribution plan (“Plan”). Each Fund ha.

BlackRock Announces Increased Distribution Rates for Certain Closed-End Funds

NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds (the “Funds”) listed below announced today the adoption of discount management programs (the "Programs"). Under the terms of the Programs, each of the Funds listed below intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below. BlackRock Closed-End Funds Adopting a Discount Management Program Fund Name Ticker BlackRock Capital Allocation.

Certain BlackRock Closed-End Funds Announce Adoption of Discount Management Program

BlackRock Capital Allocation Term Trust (BCAT) is a closed-end fund that offers exposure to a diversified portfolio of fixed income and equities. BCAT's discount has narrowed since November but has widened recently, likely due to increased market volatility.

BCAT: Attractive Discount And Activist Pressure Heating Up

The BlackRock Capital Allocation Term Trust offers investors exposure to private credit and private equity assets. The fund has delivered poor historical performance but is now trading at a substantial discount to NAV.

BCAT: Large Discount To NAV And Private Markets Exposure

BlackRock Capital Allocation Term Trust provides exposure to an actively managed portfolio split between equities and fixed-income. The fund continues to operate without leveraging up from borrowings, which I view as a positive in the current environment. BCAT's performance has been respectable, with the potential for further discount narrowing, and improved results could come from discount contraction from activist pressure.

BCAT: Deeply Discounted As Saba Builds Larger Position

The BlackRock Capital Allocation Term Trust is an interesting term closed-end fund that liquidates in 2032. The fund invests in both stocks and bonds, which is unusual for a term fund, but it could actually work out to the benefit of investors. The fund employs next to no leverage to boost its effective yield, so it is not especially volatile relative to other funds.

BCAT: A Very Interesting Blended Term Fund With A 10% Yield

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended September 30, 2023. The Funds have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder v.

BIGZ, BMEZ, BSTZ, BCAT, and ECAT Repurchased over $137 Million of Shares in 2023

Eaton Vance Tax-Advantaged Dividend Income Fund

FS Credit Opportunities Corp

Brookfield Real Assets Income Fund

It's a great time to be an income investor. We have yields averaging 11.1% staring us in the face.

This Monthly-Paying Mini-Portfolio Delivers 11.1% Each Year

Boaz Weinstein, head of Saba Capital Management, is taking on BlackRock over a number of closed-end funds. Weinstein aims to switch BlackRock Capital Allocation Term Trust from a closed-end fund to an open-end fund to eliminate the discount to NAV. BCAT's total return performance since inception has been disappointing, but it offers a nice dividend yield and exposure to private investments.

BCAT: Shareholder Activism Might Lead To Tender Offer

BlackRock 2037 Municipal Target Term Trust

NEW YORK--(BUSINESS WIRE)--BlackRock today announced the release of quarterly fund commentaries for BlackRock Innovation and Growth Term Trust (NYSE: BIGZ), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), and BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) (the “Trusts”) for the second quarter of 2023. Use the links p.

BlackRock Announces Release of Commentaries for Certain Closed-End Funds (BIGZ, BSTZ, BMEZ, BCAT, ECAT, and BMN) and Private Investment Report

BlackRock Capital Allocation Term Trust offers a 10.3% forward distribution yield and a portfolio of private investments. BCAT's performance has been modest since inception, underperforming compared to Vanguard Balanced Index Fund. However, with the fund trading at an 11.5% discount to NAV, investors are essentially getting its private investment portfolio for 'free'.

News for BlackRock Capital Allocation Trust ETF (BCAT)