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 provided below to learn more about each
Trust’s performance and current positioning.
BlackRock also released its quarterly update of Private
investments with BlackRock Closed-End Funds. Learn how certain
BlackRock closed-end funds are taking advantage of the closed-end
fund structure and democratizing access to private companies for
investors.
Second Quarter Fund
Commentaries
BlackRock Innovation and Growth Term Trust (BIGZ): BIGZ
invests in innovative small- and mid-cap public and private
companies along with deploying a tactical single-stock
option-writing strategy to generate income and potentially reduce
volatility.
BIGZ Commentary
BlackRock Science and Technology Term Trust (BSTZ): BSTZ
invests in the technology sector by blending “next generation”
technology stocks and private investments with a tactical
single-stock option-writing strategy to generate income and
potentially reduce volatility.
BSTZ Commentary
BlackRock Health Sciences Term Trust (BMEZ): BMEZ invests
in the healthcare sector by blending “next generation” healthcare
stocks and private investments along with a tactical single-stock
option-writing strategy to generate income and potentially reduce
volatility.
BMEZ Commentary
BlackRock Capital Allocation Term Trust (BCAT): BCAT
takes an unconstrained approach with the ability to invest in
public and private markets across different asset classes to
generate income.
BCAT Commentary
BlackRock ESG Capital Allocation Term Trust (ECAT): ECAT
takes an unconstrained approach with an ESG focus and has the
ability to invest in public and private markets across different
asset classes to generate income.
ECAT Commentary
BlackRock 2037 Municipal Target Term Trust (BMN): BMN
invests in a portfolio of municipal securities with the objectives
of providing current income that is exempt from regular federal
income tax (but which may be subject to the federal alternative
minimum tax in certain circumstances) and returning $25 per common
share (the initial public offering price per common share) to
holders of common shares on or about September 30, 2037. 1
BMN Commentary
1 The Trust will terminate on or about September 30, 2037 in
accordance with the terms of its Amended and Restated Agreement and
Declaration of Trust, unless (i) a majority of the Board of
Trustees of the Trust (the “Board") and 75% of the outstanding
shares of the Trust approve an amendment to the Trust’s Amended and
Restated Agreement and Declaration of Trust to extend the Trust’s
termination date or (ii) 80% of the Trust’s Board approves an
earlier termination date. The Trust seeks to return $25.00 per
common share (the initial public offering price per common share)
to holders of common shares on or about September 30, 2037. The
Trust’s limited term may cause it to sell securities when it
otherwise would not, which could cause the Trust’s returns to
decrease and the market price and/or net asset value of the common
shares to fall. As the Trust approaches its termination date,
BlackRock Advisors, LLC (the “Advisor”) may need to reinvest the
proceeds from sold, matured or called securities into securities
with shorter maturity dates and lower yields, or hold the proceeds
in cash or cash equivalents, which may adversely affect the
performance of the Trust or the Trust’s ability to maintain its
dividend.
For more information on BlackRock’s closed-end funds, please
visit www.blackrock.com/CEF
Carefully consider each Trust’s investment objective, risk
factors, and charges and expenses before investing. This and other
information can be found in each Trust’s shareholder report which
may be obtained by visiting the SEC Edgar database. Read the
shareholder report carefully before investing.
Investing involves risk, including possible loss of
principal.
This information should not be relied upon as research,
investment advice, or a recommendation regarding any products,
strategies, or any security in particular. This material is
strictly for illustrative, educational, or informational purposes
and is subject to change.
Restricted and Illiquid Investments Risk. The Trusts may
invest without limitation in illiquid or less liquid investments or
investments in which no secondary market is readily available or
which are otherwise illiquid, including private placement
securities. The Trusts may not be able to readily dispose of such
investments at prices that approximate those at which the Trusts
could sell such investments if they were more widely traded and, as
a result of such illiquidity, the Trusts may have to sell other
investments or engage in borrowing transactions if necessary to
raise cash to meet its obligations. Limited liquidity can also
affect the market price of investments, thereby adversely affecting
the Trusts’ NAV and ability to make dividend distributions. The
financial markets in general, and certain segments of the
mortgage-related securities markets in particular, have in recent
years experienced periods of extreme secondary market supply and
demand imbalance, resulting in a loss of liquidity during which
market prices were suddenly and substantially below traditional
measures of intrinsic value. During such periods, some investments
could be sold only at arbitrary prices and with substantial losses.
Periods of such market dislocation may occur again at any time.
Privately issued debt securities are often of below investment
grade quality, frequently are unrated and present many of the same
risks as investing in below investment grade public debt
securities.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate
Availability of Trust Updates
BlackRock will update performance and certain other data for the
Trusts on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Trusts. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Trusts and
does not, and is not intended to, incorporate BlackRock’s website
in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Trust may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Trust’s or BlackRock’s future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,”
“potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may”
or similar expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to the Trusts, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Trusts or
in a Trust’s net asset value; (2) the relative and absolute
investment performance of a Trust and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, and regulatory, supervisory or
enforcement actions of government agencies relating to a Trust or
BlackRock, as applicable; (8) terrorist activities, international
hostilities, health epidemics and/or pandemics and natural
disasters, which may adversely affect the general economy, domestic
and local financial and capital markets, specific industries or
BlackRock; (9) BlackRock’s ability to attract and retain highly
talented professionals; (10) the impact of BlackRock electing to
provide support to its products from time to time; and (11) the
impact of problems at other financial institutions or the failure
or negative performance of products at other financial
institutions.
Annual and Semi-Annual Reports and other regulatory filings of
the Trusts with the Securities and Exchange Commission (“SEC”) are
accessible on the SEC's website at www.sec.gov and on
BlackRock’s website at www.blackrock.com, and may discuss
these or other factors that affect the Trusts. The information
contained on BlackRock’s website is not a part of this press
release.
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BlackRock 2037 Municipal... (NYSE:BMN)
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부터 12월(12) 2024 으로 1월(1) 2025
BlackRock 2037 Municipal... (NYSE:BMN)
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부터 1월(1) 2024 으로 1월(1) 2025
