BlackRock Innovation & Growth Trust

Growth and innovation stocks are expected to perform well in 2024 after experiencing a cycle of boom and bust. The BlackRock Innovation and Growth Term Trust presents an interesting investment opportunity as it may have bottomed out and is trading at a 17% discount to NAV. BIGZ is a complex closed-end fund with high risks.

BIGZ: 17% Discount To NAV, But Be Careful

Closed-end funds offer investment opportunities at a sizeable discount to net asset value. BlackRock Innovation and Growth Term Trust is a closed-end fund with a 15.18% discount to NAV. Boaz Weinstein, a successful investor, has been advocating for better governance in BlackRock closed-end funds.

BIGZ: 15% Discount To NAV And 6% Annualized Distribution

BlackRock Health Sciences Trust II

With much of the U.S. stock market in a correction there are plenty of attractive stocks to consider. This is especially true in income investing.

Grab these 2 funds with rich 11%-12% yields while you can

BlackRock 2037 Municipal Target Term Trust

Blackrock ESG Capital Allocation Trust

Guggenheim Active Allocation Fund

MainStay CBRE Global Infrastructure Megatrends Fund

Pioneer Municipal High Income Opportunities Fund

Neuberger Berman Next Generation Connectivity Fund

Nuveen Core Plus Impact Fund

Nuveen Variable Rate Preferred & Income Fund

PIMCO Access Income Fund

PIMCO Dynamic Income Opportunities Fund

Pimco Municipal Income Fund

RiverNorth Flexible Mncpl Inm Fnd II Inc

Thornburg Income Builder Opportunities Trust

Western Asset Diversified Income Fund

In 2021, a dozen closed-end funds, or CEFs, were launched, but none of them performed well, with all of them experiencing negative total returns since inception. The CEFs trade at wide discounts to NAV, with an average discount of -12.5%, and offer high yield income with annual yields as high as 12.9%. The hybrid funds with global allocations and higher yielding taxable fixed income funds have performed better than municipal fixed income funds and equity funds.

The Dirty Dozen CEFs From 2021: A Summary

BlackRock Capital Allocation Trust

BlackRock Science and Technology Trust II

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

BSTZ, BMEZ, and BIGZ have announced a change in distribution policy. The funds will now pay monthly distributions at an annual rate of 6% based on the 12-month rolling average daily net asset value. The new distribution policy will likely not have a significant effect on the funds' market prices, as they are already at significant discounts.

Why BSTZ, BMEZ, And BIGZ Distribution Cuts Aren't A Big Deal

NEW YORK--(BUSINESS WIRE)--Each of BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (each a “Fund,” and collectively the “Funds”) has announced changes to its distribution rate under its managed distribution plan (“Plan”). Each Fund has adopted a Plan to support a level distribution of income, capital gains and/or return of capital. Effective with the distribution to be declare.

BlackRock Science and Technology Term Trust (BSTZ), BlackRock Health Sciences Term Trust (BMEZ) and BlackRock Innovation and Growth Term Trust (BIGZ) Announce Changes to Distribution Rates Under Managed Distribution Plans

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

ClearBridge Energy MLP Fund Inc

Templeton Global Income Fund

On July 28, 2023, Saba Capital Management, L.P. (Trades, Portfolio), a renowned investment firm, increased its position in ClearBridge MLP & Midstream Fund Inc. ( CEM , Financial) to 1,641,792 shares.

Saba Capital Management, L.P. Boosts Position in ClearBridge MLP & Midstream Fund Inc.

BlackRock Innovation and Growth Term Trust (BIGZ) has underperformed since its inception in mid-2021, but its long-term potential remains uncertain due to its evolving strategy and focus on American mid-cap and small-cap stocks. The fund now trades at a NAV discount of -16% after launching with a NAV premium of 15% just two years ago. I think it's too soon to judge this fund either way, but it's unlikely to outperform unless we have an environment similar to 2020-2021 where small-to-mid cap growth stocks outperformed.

BIGZ: It's Too Soon To Judge Yet

Adams Diversified Equity Fund

ClearBridge Energy MLP Total Return Fund Inc

ClearBridge Energy MLP Opportunity Fund Inc

FS Credit Opportunities Corp

BlackRock Municipal Income Fund

Tortoise Energy Independence Fund, Inc.

Tortoise MLP Fund

Adams Natural Resources Fund Inc

Royce Global Value

Western Asset

Tortoise Essential Assets Income Term Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

18 out of 22 CEF sectors positive on price, and 11 out of 22 sectors positive on NAV last week. Saba files lawsuits against 16 CEFs, seeking to invalidate share control provisions. The battle is heating up.

Weekly Closed-End Fund Roundup: Saba Continues CEF Battles (July 2, 2023)

Blackrock California Muni Income Trust

NEW YORK--(BUSINESS WIRE)--Saba Capital Management, L.P. (“Saba” or “we”), a significant shareholder of the BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT) (“ECAT”), the BlackRock Innovation and Growth Term Trust (NYSE: BIGZ) (“BIGZ”) and the BlackRock California Municipal Income Trust (NYSE: BFZ) (“BFZ”) (collectively, the “Funds”), today announced that Institutional Shareholder Services Inc. (“ISS”) has supported its case for change at the aforementioned closed-end funds advised by B.

Leading Independent Proxy Advisory Firm ISS Supports Saba Capital's Case for Change at Three BlackRock Closed-End Funds

AI bubble? Bear market rally? I don't care because I see five dividends between 10.1% and 13.5%.

These Fund Yields Up To 13% And Leave ETFs In The Dust

BIGZ hasn't provided anything to be too excited about since its launch, as growth took a plunge shortly after it entered the market. The fund's discount remains attractive if one is looking for a growth-oriented fund with a monthly distribution.

BIGZ: A Growth Fund That Also Provides Monthly Distributions

BlackRock Resources & Commodities Strategy Trust

Blackrock Municipal Income Trust

BlackRock Energy and Resources Trust

BlackRock Floating Rate Income Trust

BlackRock Enhanced International Dividend Trust

Blackrock Municipal Income Trust II

Blackrock New York Municipal Income Trust

BlackRock Enhanced Global Dividend Trust

BlackRock MuniHoldings Fund

BlackRock MuniHoldings New York Quality Fund Inc

BlackRock MuniYield Michigan Quality Fund Inc

BlackRock MuniYield Pennsylvania Quality Fund

BlackRock MuniYield Quality Fund II Inc

BlackRock MuniHoldings California Quality Fund Inc

BlackRock MuniHoldings Quality Fund II Inc

BlackRock MuniHoldings New Jersey Quality Fund Inc

BlackRock MuniVest Fund Inc

BlackRock MuniVest Fund II Inc

BlackRock MuniYield Fund

BlackRock MuniYield Quality Fund III Inc

BlackRock MuniYield New York Quality Fund Inc

NEW YORK--(BUSINESS WIRE)--Please replace the release dated April 11, 2023, with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023".

CORRECTING and REPLACING BlackRock Closed-End Fund Share Repurchase Program Update

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Wednesday, March 15, 2023 at 2:00pm ET featuring Phil Ruvinsky, Head of BlackRock's U.S. Growth Team and the Portfolio Manager for BlackRock Innovation and Growth Trust (“BIGZ” or the “Trust”).

BlackRock to Host BlackRock Innovation and Growth Trust (BIGZ) Conference Call on March 15, 2023 at 2:00pm ET

NEW YORK--(BUSINESS WIRE)--BlackRock today announced the release of quarterly fund commentaries for BlackRock Innovation and Growth Trust (NYSE: BIGZ), BlackRock Science and Technology Trust II (NYSE: BSTZ), BlackRock Health Sciences Trust II (NYSE: BMEZ), BlackRock Capital Allocation Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Trust (NYSE: ECAT), and BlackRock 2037 Municipal Target Term Trust (NYSE: BMN) (the “Trusts”) for the fourth quarter of 2022.

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

Cornerstone Strategic Value Fund Inc

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

It was back in November of 2012, yes, over a decade ago, that I wrote my first article discussing the benefits of high Return of Capital (ROC) in equity CEF distributions. Back then, I first wrote (link below) about the risks and tax-differences between high ROC in equity based CEFs vs tax-free distributions in municipal bond CEFs.

Equity CEFs: The Best Return Of Capital Funds For 2023 (And A Look At BIGZ, CLM And ETW)

Virtus Artificial Intelligence & Technology Opportunities Fund

ARK Innovation ETF

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

Gabelli Dividend & Income Trust

Tekla Healthcare Investors

Tekla Life Sciences Investors

Voya Asia Pacific High Dividend Equity Income Fund

Voya Global Advantage and Premium Opportunity Fund

iShares Russell 1000 Growth ETF

NXG NextGen Infrastructure Income Fund

Pimco Global Stockplus & Income Fund

Invesco QQQ

SPDR S&P 500 ETF Trust

2022 was a year to forget, while most believe 2023 will begin with the same issues that took the equity and bond markets well into bear market territory last year. That is, a hawkish Federal Reserve that doesn't want to let up on strangling inflation into submission while draining market liquidity.

Equity CEFs: Top Picks For 2023

BlackRock Innovation and Growth Trust (BIGZ) focuses on mid-cap and small-cap companies that are innovative and are believed to have above-average earnings growth potential. BIGZ is down significantly this year, but not as much as Cathie Wood's ARK ETFs.

BIGZ: Tax Loss Selling Creates Another Tech CEF Bargain

The BIGZ fund allocates 25% to private investments in 'innovative' companies. The fund also pays a high current distribution yield of 12.3%.

BIGZ: Venture Capital Fund In Disguise

BlackRock Science & Technology

Cohen & Steers Reit And Preferred Income Fund Inc

Royce Value Trust

Reaves Utility Income Fund

While vanilla investors worry along with the herd, we contrarians are buying.

Wall Street Is Jam-Packed With 8%+ Fire-Sale Dividends

BlackRock's BIGZ holds mid- and small-capitalization companies, primarily those which are publicly listed as well as around 27% of private sector holdings. It uses a dynamic option strategy to manage risks in addition to generating income for shareholders.

BIGZ: Growth Stocks, Private Covered Calls, And High Dividend Yields

CBRE Global Real Estate Income Fund

One nice thing—and probably the only nice thing—about the 2022 market selloff is that it's given us dividend investors an opportunity to grab 10% yields we can count on for the long haul.

Play The Market Rebound With These 10%+ Yielding Funds

I want to show you how to build a “three-click” income portfolio that gives us three things every income investor craves.

A 3-Click “Mini-Portfolio” Yielding 10.6%, Trading At A Massive Discount

News for BlackRock Innovation & Growth Trust ETF (BIGZ)