BlackRock Health Sciences Trust II

BlackRock Enhanced Equity Dividend Trust

Blackrock Health Sciences Trust

Nuveen AMT-Free Municipal Value Fund

Western Asset Investment Grade Income Fund

SPDR S&P 500 ETF Trust

SPDR S&P Biotech ETF

Health Care Select Sector SPDR 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

BlackRock Capital Allocation Trust

BlackRock Innovation & Growth Trust

BlackRock Science and Technology Trust II

Blackrock ESG Capital Allocation Trust

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 Resources & Commodities Strategy Trust

Blackrock Municipal Income Trust

Blackrock California Muni 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 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

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

BMEZ yields 11.73% and pays monthly. It's selling at a 16.35% discount to NAV.

BMEZ: 12% Yield, 16% Discounted Monthly Payer Vs. BME

On the surface, these two funds have similar sounding names but are quite different. BME holds more traditional healthcare names, while BMEZ invests in smaller, private, and biotech positions.

BME And BMEZ: 2 Quite Different Choices

BMEZ has been getting hit significantly, with the biotech and growth space moving sharply lower. Despite these pressures, I believe that BMEZ is attractive given its current discount and selloff.

BMEZ: Attractive Discount In This Beaten Down Name

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Thursday, April 14th at 10:30am ET featuring portfolio managers Rick Rieder, Tony Kim and Erin Xie. BlackRock closed-end funds covered: BlackRock Capital Allocation Trust (NYSE: BCAT, CUSIP: 09260U109) BlackRock ESG Capital Allocation Trust (NYSE: ECAT, CUSIP: 09262F100) BlackRock Science and Technology Trust II (NYSE: BSTZ, CUSIP: 09260K101) BlackRock Health Sciences Trust II (NYSE: BMEZ, CUSIP: 092

BlackRock Closed-End Fund (“CEF”) Call on Thursday, April 14th at 10:30am ET

BlackRock Utilities Infrastructure & Power Opportunities Trust

Ellsworth Growth and Income Fund

Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund

New American High Income Fund

Cohen & Steers Quality Income Realty Fund

Cohen & Steers Infrastructure Fund Inc

Invesco Senior Income Trust

It has been a rocky start to a new year, but with ~11 months to go, just about anything could happen.

8 Closed-End Funds Bought During January's Rocky Start

BMEZ was one of the best performing funds in 2020, the year it launched as it hit the market at the right time.

BMEZ: Buy Low, Hold For The Distribution And Rebound

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), and BlackRock ESG Capital Allocation Trust (NYSE: ECAT) (the “Funds”) for the fourth quarter of 2021. Learn more about each Fund's performance and current positioning in its latest commentary:

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

BMEZ is a CEF that pays monthly and yields 7.23%. It's trading at a 7.92% discount to NAV.

News for BlackRock Health Sciences Trust II ETF (BMEZ)