BlackRock Enhanced Capital and Income Fund

BlackRock Enhanced Capital & Income Fund, Inc. is a closed-end investment trust. The company's investment objective is to provide investors with a combination of current income and capital appreciation. It primarily invests in a portfolio of equity and debt securities of US and foreign issuers. The company was founded on April 30, 2004 and is headquartered in Wilmington, DE.

BlackRock Enhanced Capital and Income Fund Inc is a closed-end fund that mainly invests in the equities of U.S. listed companies. It also writes call and put options to generate income. The CII CEF has a solid long-term record of performance; however, the yield is a bit on the lower side compared to other similar funds. We believe it is an attractive fund for income investors who do not mind a slightly lower yield in the range of 6% but desire higher long-term growth in return.

CII: Yield Is Low At 6.25%, But Still A Worthy Income Investment

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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.

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BlackRock Enhanced Capital and Income Fund (CII) trades at an attractive discount relative to its long-term level and has strong performance thanks to its tech exposure. CII implements a covered call strategy, which can limit upside potential but brings in options premiums for higher distribution rates. The fund's distribution yield is 6.23% and, naturally, primarily relies on capital gains from its portfolio, which has not been a problem lately.

CII: Appealing Long-Term Fund For Generating Attractive Monthly Distributions

BlackRock Enhanced Capital and Income Fund is an active covered call fund that has generated 462% in total returns since the early 2000s. The fund primarily invests in large cap and mega cap stocks, including top companies like Microsoft, Alphabet, Amazon, and Apple.

CII: Decent Income Fund But Don't Expect Much Growth Without Reinvesting Distributions

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For income investors, closed-end funds remain an attractive investment class that covers a variety of asset classes and promises high distributions and reasonable total returns. Closed-end funds, or CEFs, are generally characterized by higher volatility and deeper drawdowns than the broader market. For these reasons, they are not suited for everyone. In this monthly series, we highlight five CEFs with solid track records that pay high distributions and offer "excess" discounts. We try to separate the wheat from the chaff using our filtering process to select just five CEFs every month from around 500 closed-end funds.

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The Nasdaq and S&P 500 had recently entered correction territory and that volatility pushed some tech-oriented funds to some attractive discount levels where they remain. BlackRock Enhanced Capital and Income (CII) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) have put up solid results and provide monthly distributions to investors. CII and ETV both have an option writing strategy with tech-heavy portfolios.

CII And ETV: 2 CEFs Worth Buying When They're Down

BlackRock Enhanced Capital and Income Fund (CII) is a solid choice for long-term income investors, offering attractive returns and a steady monthly distribution. However, the fund's narrow discount and even recently trading at a premium to its net asset value should put investors in a more cautious approach. CII's tech-concentrated portfolio has contributed to its performance, and this has helped it pay out a solid monthly distribution to investors over the years.

CII: Solid Fund, But Narrow Discount Remains Sticky

The BlackRock Enhanced Capital and Income Fund offers a solution for generating additional income to offset rising inflation. The fund's yield is currently 6.41%, higher than the S&P 500 Index or U.S. Utilities Index. The fund's portfolio includes large positions in Microsoft, Alphabet, and Amazon, which may pose risks during a market correction.

CII: High Tech Exposure Is A Risk Heading Into Jackson Hole, But The Fund Seems Okay

BlackRock Enhanced Capital and Income Fund has performed well in 2023 due to its focus on tech-heavy mega-cap growth names. The fund's covered call strategy generates gains for the distribution and potential downside protection in uncertain economic times. Despite some shifts in sector weightings, the fund's top holdings have remained consistent, with a focus on large-cap U.S. companies.

CII: Solid Results For This Covered Call Fund

The Enhanced Capital and Income Fund is an equity closed-end fund (CEF) that uses a buy-write strategy. CII writes single-name options instead of index options, which has helped it outperform its peers in 2023, with the introduction of 0DTE options having served as a Index VIX compressor. CII is closely correlated to the S&P 500, and any risk-off event will see this fund drop almost as much as the index.

CII: Married To The S&P 500 This Year. Will It Last For This CEF?

Investors today are in desperate need of income to maintain their lifestyles in the face of the rapidly rising cost of living. BlackRock Enhanced Capital and Income Fund Inc invests in a portfolio of common stocks and then writes covered call options against the individual stocks to earn a synthetic dividend. Despite the CII closed-end fund's description of its strategy, the stock portfolio itself provides very little income for the fund.

CII: Sustainable 6.66% Yield, Potential For Outperformance Over Next 6 Months

CII performed relatively well through the last year despite all the volatility. Covered call writing contributed to a sizeable portion of the fund's distribution.

CII: Covered Call Fund, Helping Support Distribution In A Down Market

CII uses a covered call strategy to provide investors with a very high yield. The fund's strategy works pretty well in flat or declining markets, which should result in it outperforming in 2023.

CII: This Covered Call CEF Has A Lot To Offer Investors Today

BlackRock Enhanced Capital & Income Fund invests in a portfolio of stocks and writes options against them in order to generate a high level of income. The closed-end fund uses both covered call and cash-covered put strategies, which is somewhat different than most other option-income funds.

CII: This Diversified Option-Income Fund Deserves Consideration Today

This year has been tough for a lot of investments, CII included. CII has been holding up relatively better thanks to the call writing strategy it implements.

CII: Monthly Distribution And Trading At A Discount

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We are closing the chapter on another volatile quarter for the market, a downtrend that feels like forever. There could be more opportunities in the coming months and quarters as the Fed continues to raise rates.

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CII leans towards a heavier tech weighting but has still been holding up relatively well. The fund's covered call strategy seems to be providing some downside protection here, as well as a reduced allocation to tech.

CII: Navigating A Challenging Environment

The sell-off has been putting pressure on shares of CII and presenting a better entry price for potential investors.

CII: Sell-Off Presenting An Opportunity Here

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A reliable selection criterion for building a portfolio of funds that are likely to produce above-average returns over the long haul is the goal of every CEF investor. For me, the flexible combination of a positive NAV since inception, discount on NAV, and leverage represents a practical rule of thumb for long-term CEF investing.

CEF Focus Investing - My Rule Of Thumb In Action

The latest announcement of distributions from BlackRock saw another increase for CII. This was after CII had increased its distribution the previous quarter as well.

CII: Another Boost For The Distribution

Time to revisit BlackRock Enhanced Capital & Income Fund that has been having a great year. This fund is overweight tech, but that hasn't seemed to disrupt the fund as much as it has the others.

CII: Diversification Helps This Monthly Payer - 5.42% Distribution Rate

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News for BlackRock Enhanced Capital and Income Fund ETF (CII)