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ECAT launched relatively recently, at the end of September 2021 and is an interesting offering in the CEF space. I recently took a first look into this fund now that they have updated some of the holdings in the fund. It has an ESG focus, with a multi-asset approach investing in b...
We review CEF market valuation and performance through the first week of March and highlight recent market action. The CEF market was pretty flat this week as discount strength offset broadbased NAV weakness. Recently launched funds have continued to underperform their sectors - l...
There are several reasons why closed-end funds can pay higher distribution yields to investors. Closed-end funds can invest in more complex investments and include leverage or other strategies to help generate higher yields. These more stable payouts from these funds can be a mass...
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), and Blac...
BIGZ is a riskier position in the CEF space, and we see that play out with the latest moves. In fact, the fund has struggled since it launched earlier this year by going mostly sideways but recently has entered into a meltdown. We have to remember as investors, CEFs are merely wra...
BCAT was launched in September of 2020; the fund has moved to an attractive discount. On a NAV basis, the fund has performed reasonably well over the last year; that is what has opened up the attractive discount in the first place. The fund launched with a monthly distribution of ...
After 38 weeks and $3,800, the Dividend Harvesting Portfolio is generating $249.72 in estimated annual income and $20.81 in monthly estimated income. In week 38 I added the BlackRock Capital Allocation Trust to the portfolio and added to my position in the PIMCO Dynamic Credit and Mor...
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of six limited term BlackRock closed-end funds (the “Funds”) have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurc...
BCAT is a multi-asset "go anywhere" fund run by a top notch team at BlackRock. BCAT trades at a 6.36% discount to NAV. There has been significant insider buying recently. BCAT hedges about 10% of equity exposure by writing call options. For further details see: BCAT:...
BlackRock is seeking to generate income and provide access to private markets using the “closed” fund structure. Closed-end funds have long been used for their income potential - for example, the average closed-end fund yields 6.3% 1 . Unlike other daily liquid funds, ...
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BlackRock Capital Allocation Trust of Beneficial Interest Company Name:
BCAT Stock Symbol:
NYSE Market:
The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at...
A Leading Independent Proxy Advisory Firm Has Now Endorsed Boardroom Change at the BlackRock Innovation and Growth Term Trust, BlackRock ESG Capital Allocation Term Trust, the BlackRock Science and Technology Term Trust and BlackRock California Municipal Income Trust ISS Concludes There a...
A Leading Independent Proxy Advisory Firm Concludes “Direct Intervention at the Board Level is Necessary” Based on the Funds’ Unacceptable Performance and Anti-Shareholder Governance Visit HeyBlackRock.com to Learn How to Vote “FOR” Each of S...