BYM News and Press, Blackrock Municipal Income Quality Trust of Beneficial Interest From 09/08/22

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the “Funds”) have authorized the renewal of open market share repurchase programs (the “Repurc...

The Eaton Vance Municipal Income Trust invests primarily in investment-grade municipal obligations of various sectors with a mixture of sectors across the full spectrum. BlackRock Municipal Income Quality Trust may invest up to 20% of its assets in bonds rated below Aaa or AAA (but no...

A sharp sell-off to start the year has pushed down municipal bond valuations and muni closed-end funds to discounts, presenting an attractive entry point for investors seeking tax-exempt income. Muni CEFs borrow money at short-term interest rates and invest the proceeds in muni bonds ...

BlackRock Advisors, LLC (“BlackRock”) announced today a change to the fiscal year end (“FYE”) for each Fund listed below. These changes were made to reduce operating costs for the Funds and will be effective as of July 31, 2022. For more information on Bl...

Rating agencies reported that upgrades outpaced downgrades in 2021. The decline in the stock market produced concern that pension funding may decline, and the rise in inflation may reduce benefits. The shorter bonds can be sold to take advantage of large outflows from mutual funds...

Interest rate volatility prompted another month of negative total returns. Below-average issuance was counterbalanced by a slowdown in demand. November could provide opportunities ahead of seasonal strength in December and January. For further details see: Muni Seasonal ...

Rising interest rates drove negative total returns. Supply and demand dynamics turned less seasonally favorable and acted as a headwind. More attractive valuations could provide near-term opportunity. For further details see: Munis Remained Tethered To Rates In September...

Interest in municipal closed-end funds (CEFs) vs. municipal bonds often stems from higher return potential - this is mostly due to the use of leverage in municipal closed-end funds. Leverage could potentially amplify both the fund's net asset value (NAV) and its distribution; however,...

Modestly negative performance in August capped a robust summer seasonal period. Issuance exceeded expectations, resulting in less of a supply/demand imbalance than is typical. We maintain a defensive posture into the historically less favorable month of September. For furthe...

The US House Ways and Means Committee released their new 881-page tax proposal –there's some tricky stuff in it. If passed, the new top Federal rate in the US will be 46.4 percent, while the top capital gains tax rate appears it will be 31.8 percent from my calculations. NY...