BlackRock Health Sciences Trust II

BlackRock Enhanced Equity Dividend Trust

BlackRock Innovation & Growth Trust

Blackrock Health Sciences Trust

BlackRock Enhanced Global Dividend Trust

BlackRock Science and Technology Trust II

Constellation Energy Corp

BlackRock Enhanced Capital and Income Fund

Ellsworth Growth and Income Fund

Eaton Vance Tax-Advantaged Dividend Income Fund

abrdn Healthcare Investors 

Nuveen Real Asset Income & Growth Fund

NRG Energy

NXG NextGen Infrastructure Income Fund

PIMCO Dynamic Income Strategy Fund

Vistra Energy

This month, I've added to 11 different positions, but most of these were related to repurchases after the BlackRock tender offers. While I added to 11 different positions, these were all positions I had already held previously, so there were no new positions this month. In fact, I sold out of a fund to consolidate my holdings and reduce the number of funds held, as I did last month as well.

11 Closed-End Fund Buys In The Month Of November 2024

BMEZ offers a more speculative but attractive healthcare investment with significant biotech exposure, mid-cap, small-cap, and private investments. The fund's discount remains appealing, that is despite narrowing from around 18% to ~10% from the start of the year. The fund has employed a 12% managed distribution as well as being one of the several BlackRock funds to have a discount management program in place.

BMEZ: Remains Attractive With A Deep Discount

BlackRock Taxable Municipal Bond Trust

BlackRock Capital Allocation Trust

BlackRock Resources & Commodities Strategy Trust

BlackRock Energy and Resources Trust

BlackRock Enhanced International Dividend Trust

BlackRock Science & Technology

BlackRock Utilities Infrastructure & Power Opportunities Trust

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

BMEZ trades at an 11.85% discount to NAV, offering a high distribution rate of 14.2% annually, despite high fees and management concerns. The fund focuses on healthcare and technology, with 8.3% in private investments, and employs a call-selling strategy on 23% of its holdings. Activist pressure from Saba Capital and others could lead to future measures like distribution increases, fee reductions, or management changes.

BMEZ: A 14.2% Yielding CEF With An 11.85% Discount And Activist Pressure

Adams Diversified Equity Fund

Calamos Strategic Total Return Fund

The broader equity market saw declines in early August but ended near all-time highs to finish off the month. I put some capital to work this month at the low, but not as much as I had planned initially, as the market swiftly recovered. Most of the moves this month were corporate action-driven events, primarily the BlackRock tender offers, as we finished up the first measurement period.

9 Closed-End Fund Buys In The Month Of August 2024

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

Virtus Artificial Intelligence & Technology Opportunities Fund

Alpine Global Premier Properties Fund

Calamos Convertible Opportunities And Income Fund

First Trust Senior Floating Rate Income Fund II

PGIM Global High Yield Fund

Guggenheim Active Allocation Fund

Voya Global Equity Dividend and Premium Opportunity Fund

Nuveen Core Equity Alpha Fund

Nuveen Credit Strategies Income Fund

Neuberger Berman MLP Income Fund, Inc.

Pimco High Income Fund

RiverNorth Opportunities Fund, Inc.

LMP Capital and Income Fund

24/7 Wall Street Insights Closed-End Mutual Funds (CEF) trade like stocks but provide comparable performance to their Open-End Mutual Fund cousins and may have additional advantages.

Need $15,000 Passive Income? Buy These Dividend Stocks

NEW YORK--(BUSINESS WIRE)---- $BGY--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 18, 2024 and expired at 5:00 p.m. Eastern time on August 19, 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: BMEZ, BME, BGY

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

Gabelli Dividend & Income Trust

Kayne Anderson MLP Investment

MainStay CBRE Global Infrastructure Megatrends Fund

BlackRock MuniYield Quality Fund III Inc

With the market at nosebleed valuations, where can we look for value and yield?

This Deeply Discounted CEF Mini-Portfolio Yields 9.2%

BlackRock raised dividends for BMEZ, offering a monthly distribution of $0.1789 with a 14.24% yield, showing confidence in the fund's future. BMEZ shares have been bought back multiple times in 2024, indicating strong tailwinds for the fund's stock price. BMEZ is a buy with high-yield and unique sector diversification in the biotechnology industry, expected to rebound significantly in 2024.

BMEZ: Option Income CEF With Steep NAV Discount Ready For Biotech Recovery

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

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

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

AGNC Investment

EPR Properties

Orchid Island Capital

PennantPark Floating Rate Capital

Name:  Yield: Monthly Dividend income Orchid Island Capital (NYSE: ORC) 17.06% $426.50 AGNC Investment Corp.

Want $2000 Per Month In Passive Income? Invest $30,000 In These Stocks

BlackRock Health Sciences Term Trust has seen its discount narrow somewhat since our last update, but it remains attractive still. BMEZ utilizes a covered call writing strategy and also provides some private investments to help deliver performance. The biotech space has performed rather poorly in the last several years but 2024 seems to be a bit more promising.

BMEZ: Higher Risk Healthcare Exposure With Potential For Higher Reward

The Healthcare sector has trailed the Tech-heavy S&P 500 in the past 10 years, but has recently seen a boost in performance. BlackRock Health Sciences Term Trust and BlackRock Health Sciences Trust are two funds that invest in the healthcare sector. BMEZ focuses on "cutting edge" health sciences stocks, while BME focuses on large cap healthcare names.

BMEZ: 6% Yield Healthcare Fund And Alternatives

Saba Capital Income & Opportunities Fund

Blackrock Floating Rate Income Strategies Fund Inc

Nuveen AMT-Free Municipal Value Fund

OFS Credit Company Inc

Invesco S&P 500 Equal Weight ETF

Special Opportunities Fund Inc

SPDR S&P 500 ETF Trust

SPDR S&P Biotech ETF

Equity and fixed-income markets had another strong month in December, driven by continuing retreating risk-free Treasury rates. We even saw an improvement in the breadth of the overall market, with broader participation lifting some of the beaten-down sectors for the year. That said, closed-end fund discounts remain historically wide, and that continues to drive opportunity in the CEF wrapper.

5 Closed-End Fund Buys In The Month Of December 2023 (Plus 1 Sell)

BlackRock Health Sciences Term Trust is trading at a deep discount and has struggled due to the poor performance of the biotech healthcare sector. The fund's new distribution policy aims to retain assets when times are lean and reward shareholders when things are going well. BMEZ has a focus on private investments, which adds to its risk profile but also presents potential growth opportunities.

BMEZ: Deep Discount On Beaten Down Sector

BlackRock Health Sciences Term Trust is a closed-end fund focused on healthcare and biotech stocks with $1.69 billion under management. The fund employs a call-writing overlay and invests in venture-stage companies to try and generate outperformance. The fund trades at an attractive 17.52% discount to NAV and has the potential for a 2.6% tailwind per annum.

BMEZ: 17.52% Discount To NAV, 8% Annualized Distributions And Activist Attention

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

Carlyle Credit Income Fund

MFS High Yield Municipal Trust

DoubleLine Yield Opportunities Fund

Eagle Point Credit

Eagle Point Income Company Inc

Oxford Lane Capital

We review CEF market valuation and performance through the third week of October and highlight recent market action. All CEF sector NAVs were down on the week, while only three sectors managed to tighten. Investor should not take CEF performance against benchmarks at face value.

News for BlackRock Health Sciences Trust II ETF (BMEZ)