BlackRock Health Sciences Trust II

BlackRock Taxable Municipal Bond Trust

BlackRock Capital Allocation Trust

BlackRock Resources & Commodities Strategy Trust

BlackRock Enhanced Equity Dividend Trust

BlackRock Energy and Resources Trust

BlackRock Enhanced International Dividend Trust

Blackrock Health Sciences Trust

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

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

Tekla Healthcare Investors

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

Health Care Select Sector SPDR Fund

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

BlackRock Innovation & Growth Trust

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.

CEF Weekly Review: Be Careful With CEF Benchmarks

AllianceBernstein National Municipal Income Fund

Cornerstone Strategic Value Fund Inc

Cornerstone Total Return Fund Inc

Herzfeld Caribbean Basin Fund Inc

MFS Investment Grade Municipal Trust

Destra Multi-Alternative Fund

DNP Select Income Fund Inc

BlackRock Enhanced Government Fund

Eaton Vance

Aberdeen Global Income Fund

First Trust Energy Infrastructure Fund

FS Credit Opportunities Corp

Sprott Focus Trust

GDL Fund

Gabelli Dividend & Income Trust

Gabelli Multimedia Trust

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

John Hancock Hedged Equity & Income Fund

Highland Income Fund

Highland Global Credit Allocation Fund.

Closed-End Funds: Revisiting Valuations As We End Q3 2023

Western Asset Investment Grade Income Fund

September was the worst month for equities in 2023, but that's simply creating buying opportunities for the long-term investor. I added to four different positions in my CEF portfolio this month, though they are all familiar names that I've already owned. The theme this month was once again avoiding taking on leveraged funds, and none of the four funds take on any leverage in the form of borrowings.

4 Closed-End Fund Buys In The Month Of September 2023

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

BlackRock Health Sciences Term Trust announced a distribution cut, and this unique CEF now trades at an unusually large discount to NAV. With inception just before the pandemic, BMEZ had no price gains to support the distribution when the market fell, thus was forced into an ROC trap and then distribution rightsizing. BMEZ is a "Term" Trust that will dissolve in 2032, thereby giving investors a liquidity event at NAV (if you buy at a discount, you'll be made whole at "maturity").

BMEZ: Healthy 8% Yield, Big 17% Discount, ~8 Years To 'Maturity'

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

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

Miller/Howard High Income Equity Fund

This month I added to three of my already existing positions to grow my income. I'm continuing to avoid adding too much in terms of leveraged funds to deleverage my overall portfolio, and letting some cash build-up has a similar effect. The market overall is continuing to remain resilient despite another 25-basis point Fed hike and broader participation to the upside continued for a second month.

3 Closed-End Fund Buys In The Month Of July 2023

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 Health Sciences Term Trust is an actively managed fund specializing in healthcare and medicine, with a dividend yield of 10% largely due to its practice of selling covered calls. Despite the healthcare sector's underperformance this year, BMEZ has managed to stay up 12% year-to-date, largely due to its strategy of selling covered calls against individual stocks rather than indices.

I'm Buying BMEZ As It Trades At 14% Discount To Its NAV

Neuberger Berman Next Generation Connectivity Fund

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

BMEZ: Attractive Discount On This Riskier Healthcare Fund.

BMEZ: Attractive Discount On This Riskier Healthcare Fund

Blackrock Municipal Income Trust

Blackrock California Muni Income Trust

BlackRock Floating Rate Income Trust

Blackrock Municipal Income Trust II

Blackrock New York Municipal Income 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 Municipal Income Fund

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 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)

BMEZ's portfolio has a combination of unknown small-cap "next generation" healthcare holdings and some familiar names in the field of biotechnology. Lack of diversification makes BMEZ susceptible to sector-specific risk. It also has a relatively high expense ratio despite the fund being non-diversified.

BMEZ: Biotech Fund Generated High Yield Last Year, But Seems Unsustainable

The BMEZ fund combines investments in 'next generation' healthcare stocks with pre-IPO private investments. The fund also pays a high current distribution funded through option writing and returns of capital.

BMEZ: Exposure To High-Risk High-Return Private Investments

Cohen & Steers Real Estate Opportunities and Income Fund

Jerome Powell's latest trip before the microphone has opened up a surprising opportunity for us dividend investors.

Jay Powell Just Made These 9.7%+ Dividends Even Cheaper

News for BlackRock Health Sciences Trust II ETF (BMEZ)