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home / news releases / BMEZ - BMEZ: Option Income CEF With Steep NAV Discount Ready For Biotech Recovery

BMEZ - BMEZ: Option Income CEF With Steep NAV Discount Ready For Biotech Recovery

BlackRock Health Sciences Trust II of Beneficial Interest

2024-06-20 17:27:30 ET

Summary

  • BlackRock raised dividends for BMEZ, offering a monthly distribution of $0.1789 with a 14.24% yield, showing confidence in the fund's future.
  • BMEZ shares have been bought back multiple times in 2024, indicating strong tailwinds for the fund's stock price.
  • BMEZ is a buy with high-yield and unique sector diversification in the biotechnology industry, expected to rebound significantly in 2024.

Introduction

BlackRock has recently raised the dividends for a few of its CEFs, including BlackRock Health Sciences Term Trust ( BMEZ ). BMEZ now offers a monthly distribution of $0.1789 (with a yield of 14.24%), which is the highest regular distribution since its inception. It shows the confidence of the fund management in the future of the fund. In addition, BMEZ shares have been bought back several times in 2024, including the latest plan announced in May. These are strong tailwinds for the fund's stock price....

For further details see:

BMEZ: Option Income CEF With Steep NAV Discount Ready For Biotech Recovery
Stock Information
Company Name: BlackRock Health Sciences Trust II of Beneficial Interest
Stock Symbol: BMEZ
Market: NYSE
Website: blackrock.com/us/individual/products/308764/
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