ECAT News and Press, BlackRock ESG Capital Allocation Trust of Beneficial Interest From 12/07/23

BlackRock Illegally Stripped Votes at its Closed-End Funds’ 2023 Annual Meetings Saba Capital Management, L.P. (“Saba” or “we”) today commented on the outcome of the lawsuit brought in the United States District Court for the Southern District of New Y...

2023-12-04 01:45:00 ET Stock Traders Daily has produced this trading report using a proprietary method.  This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...

2023-11-30 13:50:51 ET Summary Cohen & Steers Closed-End Opportunity Fund takes a fund of closed-end funds approach, offering significant diversification. FOF is currently trading at a fairly elevated premium, which is unusual in looking at its history and indicates it is over...

2023-11-26 03:31:59 ET Summary 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, i...

2023-11-15 17:51:50 ET Summary 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 ...

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 “Repurchase Progr...

BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Monday, November 13, 2023 at 11:00am ET to discuss year-end tax loss selling opportunities in the closed-end fund market. The call will feature Russ Koesterich, Portfolio Manager for BlackRock ESG Capital Alloc...

2023-11-09 11:49:49 ET Summary BlackRock Capital Allocation Term Trust provides exposure to an actively managed portfolio split between equities and fixed-income. The fund continues to operate without leveraging up from borrowings, which I view as a positive in the current environ...

2023-11-07 16:26:45 ET Summary 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 h...

2023-11-06 20:28:19 ET Summary Saba Closed-End Funds ETF is a closed-end fund arbitrage strategy that seeks to provide high levels of income. CEFS has a high annual fund operating expense of ~2.9%, significantly higher than the average expense ratio for mutual funds and ETFs. ...