BLACKROCK ENHANCED EQUITY DIVIDEND TRUST Contact:
1-800-882-0052
BIGZ, BMEZ, BSTZ, BCAT, and ECAT Repurchased over $137 Million of Shares in 2023
New York, October 10, 2023 -BlackRock Advisors, LLC ("BlackRock") released today share repurchase activity for certain BlackRock-advisedclosed-end funds (the "Funds") during the quarter ended September 30, 2023. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value ("NAV") per share, which could result in incremental accretion to a Fund's NAV. Below is a summary of share repurchase activity over this past quarter and since the inception of each Fund's Repurchase Program:
- BlackRock Innovation and Growth Term Trust ("BIGZ"), BlackRock Health Sciences Term Trust ("BMEZ"), BlackRock Science and Technology Term Trust ("BSTZ"), BlackRock Capital Allocation Term Trust ("BCAT")and BlackRock ESG Capital Allocation Term Trust ("ECAT")have repurchased over $137 millionin shares in 2023, leading to over $27 millionin NAV accretion.
- BIGZ, BSTZ, BMEZ, BCAT, and ECAThave repurchased approximately $447 millionin shares, leading to over $85 millionin NAV accretion since their Repurchase Programs' respective inceptions.
- Since the initial Repurchase Program inception in 2016, BlackRock has repurchased over$1.1 billionin shares across the closed-end fund ("CEF") complex, leading to over $184 millionin NAV accretion.
Below is a summary of share repurchase activity over this past quarter and since the inception of each Fund's Repurchase Program:
Municipal CEFs
Summary of share repurchase activity during the most recent calendar quarter ended September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
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BlackRock California Municipal | BFZ | 34,606 | $385,787 | $47,791 | -11.2% |
Income Trust | |||||
BlackRock MuniHoldings | MUC | 735,540 | $7,647,378 | $1,341,702 | -15.1% |
California Quality Fund, Inc. | |||||
BlackRock MuniHoldings New | MUJ | 312,775 | $3,398,237 | $574,036 | -14.7% |
Jersey Quality Fund, Inc. | |||||
BlackRock MuniYield Michigan | MIY | 153,763 | $1,650,642 | $281,853 | -14.9% |
Quality Fund, Inc. | |||||
BlackRock MuniYield | MPA | 42,618 | $474,751 | $63,876 | -12.1% |
Pennsylvania Quality Fund | |||||
BlackRock Virginia Municipal | BHV | 9,633 | $96,541 | $16,212 | -14.4% |
Bond Trust | |||||
BlackRock New York Municipal | BNY | 122,952 | $1,217,057 | $211,284 | -15.1% |
Income Trust | |||||
BlackRock MuniHoldings New | MHN | 158,889 | $1,585,881 | $272,214 | -14.9% |
York Quality Fund, Inc. | |||||
BlackRock MuniYield New York | MYN | 221,503 | $2,147,910 | $362,206 | -14.8% |
Quality Fund, Inc. | |||||
BlackRock MuniVest Fund, Inc. | MVF | 340,658 | $2,236,420 | $376,409 | -14.7% |
BlackRock MuniVest Fund II, | MVT | 166,496 | $1,685,265 | $291,106 | -14.9% |
Inc. | |||||
BlackRock Municipal Income | MUI | 483,701 | $5,309,379 | $870,034 | -14.3% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQY | 562,040 | $6,282,246 | $906,467 | -12.9% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQT | 161,131 | $1,574,826 | $251,602 | -14.1% |
Fund II, Inc. | |||||
BlackRock Municipal Income | BLE | 349,645 | $3,495,946 | $583,128 | -14.5% |
Trust II | |||||
BlackRock Municipal Income | BYM | 207,486 | $2,220,992 | $329,675 | -13.1% |
Quality Trust | |||||
BlackRock Investment Quality | BKN | 148,704 | $1,641,023 | $242,627 | -13.0% |
Municipal Trust Inc. | |||||
BlackRock MuniYield Fund, Inc. | MYD | 320,004 | $3,199,424 | $532,652 | -14.4% |
BlackRock Municipal Income | BFK | 395,136 | $3,815,411 | $646,636 | -14.7% |
Trust | |||||
BlackRock MuniYield Quality | MYI | 555,665 | $5,829,800 | $894,539 | -13.5% |
Fund III, Inc. | |||||
BlackRock MuniHoldings | MUE | 240,199 | $2,269,264 | $397,475 | -15.0% |
Quality Fund II, Inc. | |||||
BlackRock MuniHoldings Fund, | MHD | 425,427 | $4,779,984 | $808,797 | -14.7% |
Inc. | |||||
BlackRock MuniAssets Fund, | MUA | 88,775 | $826,505 | $110,860 | -12.3% |
Inc. | |||||
Summary of share repurchase activity since Repurchase Program inception as of September 30, 2023:
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Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock California | BFZ | 1,663,310 | $19,512,332 | $3,071,465 | -13.6% |
Municipal Income Trust | |||||
BlackRock MuniHoldings | MUC | 2,621,333 | $28,301,909 | $4,494,148 | -14.2% |
California Quality Fund, Inc. | |||||
BlackRock MuniHoldings New | MUJ | 1,106,333 | $12,552,142 | $1,940,909 | -14.0% |
Jersey Quality Fund, Inc. | |||||
BlackRock MuniYield | MIY | 476,746 | $5,370,544 | $866,490 | -14.3% |
Michigan Quality Fund, Inc. | |||||
BlackRock MuniYield | MPA | 367,579 | $4,241,328 | $645,345 | -12.9% |
Pennsylvania Quality Fund | |||||
BlackRock Virginia Municipal | BHV | 15,392 | $157,923 | $25,966 | -14.2% |
Bond Trust | |||||
BlackRock New York Municipal | BNY | 401,087 | $4,053,212 | $692,198 | -14.4% |
Income Trust | |||||
BlackRock MuniHoldings New | MHN | 704,554 | $7,171,483 | $1,121,240 | -13.9% |
York Quality Fund, Inc. | |||||
BlackRock MuniYield New York | MYN | 1,005,789 | $9,915,953 | $1,549,492 | -13.9% |
Quality Fund, Inc. | |||||
BlackRock MuniVest Fund, Inc. | MVF | 1,030,405 | $6,903,752 | $1,064,057 | -13.8% |
BlackRock MuniVest Fund II, | MVT | 392,282 | $4,085,532 | $649,784 | -14.0% |
Inc. | |||||
BlackRock Municipal Income | MUI | 1,348,660 | $15,345,720 | $2,284,385 | -13.4% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQY | 1,012,460 | $11,476,304 | $1,617,081 | -12.6% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQT | 339,561 | $3,397,997 | $512,709 | -13.5% |
Fund II, Inc. | |||||
BlackRock Municipal Income | BLE | 833,204 | $8,560,298 | $1,325,686 | -13.9% |
Trust II | |||||
BlackRock Municipal Income | BYM | 330,309 | $3,599,426 | $514,021 | -12.7% |
Quality Trust | |||||
BlackRock Investment Quality | BKN | 376,081 | $4,187,507 | $591,719 | -12.8% |
Municipal Trust Inc. | |||||
BlackRock MuniYield Fund, | MYD | 749,894 | $7,737,267 | $1,185,618 | -13.7% |
Inc. | |||||
BlackRock Municipal Income | BFK | 877,427 | $8,609,992 | $1,405,305 | -14.3% |
Trust | |||||
BlackRock MuniYield Quality | MYI | 1,020,790 | $10,891,959 | $1,598,590 | -13.0% |
Fund III, Inc. | |||||
BlackRock MuniHoldings | MUE | 437,902 | $4,200,900 | $709,986 | -14.5% |
Quality Fund II, Inc. | |||||
BlackRock MuniHoldings | MHD | 887,327 | $10,165,532 | $1,650,197 | -14.1% |
Fund, Inc. | |||||
BlackRock MuniAssets Fund, | MUA | 88,775 | $826,505 | $110,860 | -12.3% |
Inc. | |||||
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Equity CEFs
Summary of share repurchase activity during the most recent calendar quarter ended September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Health Sciences | BMEZ | 1,515,753 | $22,384,628 | $4,276,401 | -15.7% |
Term Trust | |||||
BlackRock Innovation and | BIGZ | 2,490,297 | $17,319,181 | $3,938,979 | -19.0% |
Growth Term Trust | |||||
BlackRock Science and | BSTZ | 845,159 | $14,060,665 | $3,213,653 | -19.1% |
Technology Term Trust | |||||
BlackRock Resources & | BCX | 1,000,736 | $9,420,661 | $1,398,013 | -13.2% |
Commodities Strategy Trust | |||||
BlackRock Enhanced | BGY | 660,810 | $3,485,985 | $497,831 | -12.9% |
International Dividend Trust | |||||
BlackRock Enhanced Global | BOE | 351,426 | $3,476,988 | $534,150 | -13.6% |
Dividend Trust | |||||
BlackRock Energy and | BGR | 214,134 | $2,727,745 | $361,972 | -12.1% |
Resources Trust | |||||
Summary of share repurchase activity since Repurchase Program inception as of September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Innovation and | BIGZ | 18,909,732 | $176,860,365 | $35,473,427 | -18.5% |
Growth Term Trust | |||||
BlackRock Health Sciences | BMEZ | 6,155,567 | $95,748,350 | $17,702,027 | -15.6% |
Term Trust | |||||
BlackRock Science and | BSTZ | 2,467,361 | $41,616,419 | $8,535,673 | -16.7% |
Technology Term Trust | |||||
BlackRock Energy and | BGR | 2,211,550 | $22,631,112 | $3,118,124 | -12.3% |
Resources Trust | |||||
BlackRock Enhanced Equity | BDJ | 2,974,888 | $23,626,347 | $2,641,607 | -10.1% |
Dividend Trust | |||||
BlackRock Enhanced Global | BOE | 7,603,259 | $77,598,471 | $10,349,962 | -12.2% |
Dividend Trust | |||||
BlackRock Enhanced | BGY | 9,274,687 | $49,389,567 | $6,386,285 | -11.9% |
International Dividend Trust | |||||
BlackRock Resources & | BCX | 14,201,774 | $116,163,619 | $16,914,856 | -13.1% |
Commodities Strategy Trust | |||||
BlackRock Science and | BST | 136,367 | $2,799,570 | $284,111 | -9.1% |
Technology Trust | |||||
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Multi-Asset CEFs
Summary of share repurchase activity during the most recent calendar quarter ended September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Capital Allocation | BCAT | 673,184 | $9,718,056 | $1,515,672 | -13.8% |
Term Trust | |||||
BlackRock ESG Capital | ECAT | 489,120 | $7,268,837 | $1,090,235 | -13.4% |
Allocation Term Trust | |||||
Summary of share repurchase activity since Repurchase Program inception as of September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Capital Allocation | BCAT | 5,127,654 | $78,243,175 | $13,254,684 | -15.3% |
Term Trust | |||||
BlackRock ESG Capital | ECAT | 3,814,731 | $54,526,808 | $10,776,340 | -16.7% |
Allocation Term Trust | |||||
Fixed Income CEFs
Summary of share repurchase activity during the most recent calendar quarter ended September 30, 2023:
No Repurchase this quarter.
Summary of share repurchase activity since Repurchase Program inception as of September 30, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Corporate High | HYT | 4,695,612 | $48,249,031 | $6,328,699 | -11.8% |
Yield Fund, Inc. | |||||
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Disclaimer
Blackrock Enhanced Equity Dividend Trust published this content on 10 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 October 2023 06:38:05 UTC.
