Blackrock ESG Capital Allocation Trust

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 Health Sciences Trust II

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

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

Aberdeen Standard Global Infr Inc Fd

Eagle Point Income Company Inc

RiverNorth Opportunities Fund, Inc.

Special Opportunities Fund Inc

Several high-yielding closed-end funds have announced increased monthly distributions for 2024. The funds mentioned have a forward annual yield exceeding 10%, except for one that yields 9.5%.

5 High Yield CEFs That Raised Distributions In 2024

Eaton Vance Tax-Advantaged Global Dividend Income Fund

John Hancock Tax-Advantaged Dividend Income Fund

NXG NextGen Infrastructure Income Fund

Western Asset Investment Grade Income Fund

PIMCO Dynamic Income Opportunities Fund

John Hancock Premium Dividend Fund

Cohen & Steers Tax-Adv Pref Secs and Inc Fund

Cohen & Steers Real Estate Opportunities and Income Fund

Cohen & Steers Quality Income Realty Fund

Reaves Utility Income Fund

I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.

My Top 10 Closed-End Fund Holdings: December 2023

NEW YORK--(BUSINESS WIRE)--BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT, the “Trust”) announced an increase to its monthly distribution amount per share. This change was made in order to better align ECAT's distribution rate with its total return. ECAT returned 32.3% on market price and 18.1% on net asset value in 20231. This is the second distribution increase since the Trust's inception on September 27, 2021, after previously announcing a 25% increase in February 2023. BlackRock an.

BlackRock ESG Capital Allocation Term Trust (ECAT) Announces Increase to Distribution Under Managed Distribution Plan

BlackRock ESG Capital Allocation Term Trust is a target of the activist group Saba Capital Management. Even if Saba is unsuccessful, the fund is still worth considering with the large discount in a highly diversified portfolio. In the long run, investors should receive NAV back anyway as ECAT is a term fund providing an attractive monthly distribution to investors.

ECAT: Attractive Discount And Activist Position Grows

Eaton Vance Enhanced Equity Income Fund II

Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Municipal Value Fund

Hoya Capital High Dividend Yield ETF

October was a challenging month for the equity and fixed-income markets, with surging risk-free rates in the Treasury market putting pressure across the board. I've added to positions with utility, REIT, and municipal bond exposure, taking advantage of some extraordinary discounts in the closed-end fund space. The key theme was to continue to limit adding any significant fund-level leverage to my portfolio in the current month, as I've been doing throughout this year.

5 Closed-End Fund Buys In The Month Of October 2023 (And 1 ETF)

BlackRock Innovation & Growth Trust

BlackRock 2037 Municipal Target Term 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 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

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 ESG Capital Allocation Trust (ECAT) aims to provide total return and income through flexible investments in public and private markets tied to ESG growth opportunities. The fund is well-diversified with 367 holdings and writes options on about 12% of the portfolio for additional income and risk-adjusted returns. Activist investment firm Saba Capital has been consistently increasing its stake in ECAT, and other institutional investors also own shares.

ECAT: Activist Saba Capital Has Been Buying This ESG Focused CEF Which Yields 9.9%

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.

In June, the broader indexes headed higher, with more participation outside of only the mega-cap growth names. As usual, I continue to put capital to work every month, but I've also been letting some cash accumulate, too, as the broader indexes continue to march. This month I've added to my position in ASGI and NUW; I've also added ECAT as a new position to my portfolio as a tactical play.

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

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

Saba Capital has submitted a notice of intent to nominate four independent trustee candidates for BlackRock ESG Capital Allocation Trust's board and present five advisory proposals at the annual meeting. The activist shareholder aims to address the underperformance and significant discount to NAV of the closed-end fund (CEF). We believe Saba Capital's involvement is positive for the CEF's shareholders, as it has a history of creating value by closing gaps between fund assets and share values.

ECAT: Saba Trying To Shake Things Up

Bancroft Fund Ltd

Center Coast Brookfield MLP & Energy Infrastructure Fund

Destra Multi-Alternative Fund

Western Asset Mortgage Opportunity Fund

DNP Select Income Fund Inc

Eagle Point Credit

Eagle Point Credit Company Inc - 6.6875% NT REDEEM 30/04/2028 USD 25

Aberdeen Global Income Fund

First Trust Dynamic Europe Equity Income Fund

GDL Fund

Gabelli Multimedia Trust

Guggenheim Strategic Opportunities Fund

Gabelli Utility Trust

Highland Income Fund

Highland Global Credit Allocation Fund.

Voya Global Advantage and Premium Opportunity Fund

Voya Global Equity Dividend and Premium Opportunity Fund

CBRE Global Real Estate Income Fund

Discounts/premiums are one of the most important metrics for CEFs that can provide opportunities for investors. Closed-end funds often see expanded discounts during volatile years, which we experienced in 2022.

Closed-End Fund: April 2023 Check On Valuation

Alpine Total Dynamic Dividend Fund

YieldShares High Income ETF

If you're looking for the best closed-end funds (CEFs) to buy, it helps if you understand what they are and aren't. They are similar to initial public offerings (IPOs) and stocks in that an amount of capital is raised at the launch.

3 Closed-End Funds to Buy With Big Discounts

BlackRock ESG Capital Allocation Trust is a new multi-asset closed-end fund from BlackRock. The fund currently has a 60% equity/40% fixed income build being overweight large-cap growth names and investment-grade bonds.

ECAT: High ROC Fund Set For More Weakness

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)

NEW YORK--( BUSINESS WIRE )--BlackRock Capital Allocation Trust (NYSE: BCAT) and BlackRock ESG Capital Allocation Trust (NYSE: ECAT) (each, a “Fund” and together, the “Funds”) announced distributions as detailed below, including increases to their annual distribution rates and monthly distribution amount per share. Each Fund has adopted a managed distribution plan (a “Plan”) to support a level distribution of income, capital gains and/or return of capital.

BlackRock Capital Allocation Trust (BCAT) and BlackRock ESG Capital Allocation Trust (ECAT) Announce Increases to Distribution Rates Under Managed Distribution Plan

NEW YORK--( BUSINESS WIRE )--BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Wednesday, January 25th at 2:00pm ET featuring Rick Rieder, BlackRock's Chief Investment Officer of Global Fixed Income, and Portfolio Manager for BlackRock ESG Capital Allocation Trust (NYSE: ECAT) and BlackRock Capital Allocation Trust (NYSE: BCAT) (each, a “Trust”).

BlackRock ESG Capital Allocation Trust (ECAT) and BlackRock Capital Allocation Trust (BCAT) conference call featuring Rick Rieder to be held on Wednesday, January 25th at 2:00pm ET

ECAT is a recently launched asset allocation fund that adheres to ESG selection criteria. The fund pays a $0.10 / month distribution that has been 82% funded through ROC.

ECAT: ESG-Focused Asset Allocation Fund

Cohen & Steers Reit And Preferred Income Fund Inc

Royce Value Trust

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

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

ECAT fund was launched around one year ago. Since then, the broader equity and bond market has been under pressure.

ECAT: A Multi-Asset Fund With An Enticing Discount

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

News for Blackrock ESG Capital Allocation Trust ETF (ECAT)