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The release dated April 11, 2023 has been replaced with the following corrected version due to changes in the table, "Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023.
BlackRock Closed-End Fund Share Repurchase Program Update
New York, April 11, 2023 (as revised April 14, 2023) - BlackRock Advisors, LLC
("BlackRock") released today share repurchase activity for certain BlackRock-advisedclosed-end funds (the "Funds") during the quarter ended March 31, 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:
Summary of share repurchase activity during the most recent calendar quarter ended March 31, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Energy and | BGR | 115,340 | $1,503,284 | $183,604 | -11.0% |
Resources Trust | |||||
BlackRock Enhanced Global | BOE | 154,883 | $1,504,183 | $220,829 | -13.1% |
Dividend Trust | |||||
BlackRock Enhanced | BGY | 705,341 | $3,795,236 | $529,887 | -12.7% |
International Dividend Trust | |||||
BlackRock Health Sciences | BMEZ | 1,249,867 | $20,361,376 | $3,428,666 | -14.6% |
Term Trust | |||||
BlackRock Science and | BSTZ | 790,769 | $13,820,656 | $2,364,926 | -14.5% |
Technology Term Trust | |||||
BlackRock Innovation and | BIGZ | 2,756,968 | $20,553,458 | $5,206,390 | -20.2% |
Growth Term Trust | |||||
BlackRock Resources & | BCX | 911,703 | $9,093,513 | $1,185,440 | -12.0% |
Commodities Strategy Trust | |||||
BlackRock Floating Rate | BGT | 55,022 | $624,592 | $74,337 | -10.8% |
Income Trust | |||||
BlackRock California | BFZ | 268,657 | $3,046,545 | $450,492 | -13.0% |
Municipal Income Trust | |||||
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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 MuniHoldings | MUC | 872,876 | $9,758,699 | $1,397,529 | -12.9% |
California Quality Fund, Inc. | |||||
BlackRock MuniHoldings New | MUJ | 428,177 | $4,960,219 | $679,838 | -12.7% |
Jersey Quality Fund, Inc. | |||||
BlackRock MuniYield | MIY | 90,280 | $1,023,673 | $148,720 | -13.2% |
Michigan Quality Fund, Inc. | |||||
BlackRock MuniYield | MPA | 108,177 | $1,238,483 | $187,682 | -13.2% |
Pennsylvania Quality Fund | |||||
BlackRock New York | BNY | 44,226 | $465,951 | $69,125 | -13.3% |
Municipal Income Trust | |||||
BlackRock MuniHoldings New | MHN | 157,347 | $1,671,582 | $236,992 | -12.8% |
York Quality Fund, Inc. | |||||
BlackRock MuniYield New | MYN | 225,612 | $2,304,892 | $337,734 | -13.1% |
York Quality Fund, Inc. | |||||
BlackRock MuniVest Fund, | MVF | 231,970 | $1,593,264 | $215,807 | -12.4% |
Inc. | |||||
BlackRock MuniVest Fund II, | MVT | 89,762 | $977,901 | $128,391 | -12.2% |
Inc. | |||||
BlackRock Municipal Income | MUI | 464,291 | $5,464,305 | $724,666 | -12.0% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQT | 49,797 | $525,487 | $64,265 | -11.7% |
Fund II, Inc. | |||||
BlackRock Municipal Income | BLE | 206,278 | $2,204,488 | $289,103 | -12.1% |
Trust II | |||||
BlackRock MuniYield Fund, | MYD | 170,001 | $1,833,075 | $238,776 | -12.0% |
Inc. | |||||
BlackRock Municipal Income | BFK | 155,108 | $1,553,451 | $236,329 | -13.4% |
Trust | |||||
BlackRock MuniYield Quality | MYI | 74,396 | $824,560 | $104,972 | -11.7% |
Fund III, Inc. | |||||
BlackRock MuniHoldings | MUE | 42,730 | $422,477 | $63,748 | -13.3% |
Quality Fund II, Inc. | |||||
BlackRock MuniHoldings | MHD | 123,671 | $1,462,915 | $206,875 | -12.6% |
Fund, Inc. | |||||
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Summary of share repurchase activity since Repurchase Program inception as of March 31, 2023:
Number of | Total Amount | Total | Average | ||
Amount of | Discount on | ||||
Fund Name | Ticker | Shares | of Shares | ||
NAV | Days | ||||
Repurchased | Repurchased | ||||
Accretion | Repurchased | ||||
BlackRock Energy and | BGR | 1,887,923 | $18,613,219 | $2,579,377 | -12.4% |
Resources Trust | |||||
BlackRock Enhanced Equity | BDJ | 2,974,888 | $23,626,347 | $2,641,607 | -10.1% |
Dividend Trust | |||||
BlackRock Enhanced Global | BOE | 6,898,230 | $70,583,788 | $9,290,142 | -11.9% |
Dividend Trust | |||||
BlackRock Enhanced | BGY | 7,948,978 | $42,255,016 | $5,388,182 | -11.6% |
International Dividend Trust | |||||
BlackRock Health Sciences | BMEZ | 4,322,603 | $68,190,963 | $12,585,445 | -15.7% |
Term Trust | |||||
BlackRock Science and | BSTZ | 1,252,057 | $21,111,478 | $4,056,064 | -15.7% |
Technology Term Trust | |||||
BlackRock Innovation and | BIGZ | 16,419,435 | $159,541,184 | $31,534,448 | -18.4% |
Growth Term Trust | |||||
BlackRock Capital Allocation | BCAT | 4,390,352 | $67,635,655 | $11,547,447 | -15.5% |
Term Trust | |||||
BlackRock ESG Capital | ECAT | 3,325,611 | $47,257,972 | $9,686,105 | -17.1% |
Allocation Term Trust | |||||
BlackRock Resources & | BCX | 12,453,003 | $99,816,357 | $14,454,079 | -13.1% |
Commodities Strategy Trust | |||||
BlackRock Science and | BST | 136,367 | $2,799,570 | $284,111 | -9.1% |
Technology Trust | |||||
BlackRock Corporate High | HYT | 4,695,612 | $48,249,031 | $6,328,699 | -11.8% |
Yield Fund, Inc. | |||||
BlackRock Credit Allocation | BTZ | 4,222,616 | $52,321,626 | $7,126,080 | -12.1% |
Income Trust | |||||
BlackRock Debt Strategies | DSU | 4,887,450 | $54,871,336 | $5,651,691 | -9.7% |
Fund, Inc. | |||||
BlackRock Floating Rate | FRA | 2,000,291 | $24,605,346 | $3,520,574 | -12.8% |
Income Strategies Fund, Inc. | |||||
BlackRock Floating Rate | BGT | 1,361,673 | $15,886,943 | $2,250,227 | -12.4% |
Income Trust | |||||
BlackRock Income Trust, Inc. | BKT | 145,423 | $854,488 | $1,947,718 | -8.7% |
BlackRock Limited Duration | BLW | 1,341,749 | $19,494,225 | $2,522,574 | -11.4% |
Income Trust | |||||
BlackRock Multi-Sector | BIT | 884,028 | $14,722,265 | $1,722,801 | -10.5% |
Income Trust | |||||
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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 | 1,600,917 | $18,801,631 | $2,986,304 | -13.7% |
Municipal Income Trust | |||||
BlackRock MuniHoldings | MUC | 1,277,872 | $14,136,604 | $2,034,344 | -12.9% |
California Quality Fund, Inc. | |||||
BlackRock MuniHoldings | MUJ | 488,234 | $5,757,038 | $805,521 | -13.0% |
New Jersey Quality Fund, Inc. | |||||
BlackRock MuniYield | MIY | 159,014 | $1,910,368 | $289,018 | -13.5% |
Michigan Quality Fund, Inc. | |||||
BlackRock MuniYield | MPA | 277,033 | $3,222,149 | $501,023 | -13.2% |
Pennsylvania Quality Fund | |||||
BlackRock New York | BNY | 137,102 | $1,403,118 | $234,883 | -12.0% |
Municipal Income Trust | |||||
BlackRock MuniHoldings | MHN | 411,883 | $4,201,213 | $622,389 | -13.1% |
New York Quality Fund, Inc. | |||||
BlackRock MuniYield New | MYN | 566,073 | $5,587,232 | $832,326 | -13.2% |
York Quality Fund, Inc. | |||||
BlackRock MuniVest Fund, | MVF | 320,688 | $2,180,839 | $288,856 | -12.2% |
Inc. | |||||
BlackRock MuniVest Fund II, | MVT | 89,762 | $977,901 | $128,391 | -12.4% |
Inc. | |||||
BlackRock Municipal Income | MUI | 464,291 | $5,464,305 | $724,666 | -12.0% |
Fund, Inc. | |||||
BlackRock MuniYield Quality | MQT | 49,797 | $525,487 | $64,265 | -11.7% |
Fund II, Inc. | |||||
BlackRock Municipal Income | BLE | 206,278 | $2,204,488 | $289,103 | -12.1% |
Trust II | |||||
BlackRock MuniYield Fund, | MYD | 170,001 | $1,833,075 | $238,776 | -12.0% |
Inc. | |||||
BlackRock Municipal Income | BFK | 155,108 | $1,553,451 | $236,329 | -13.4% |
Trust | |||||
BlackRock MuniYield Quality | MYI | 74,396 | $824,560 | $104,972 | -11.7% |
Fund III, Inc. | |||||
BlackRock MuniHoldings | MUE | 42,730 | $422,477 | $63,748 | -13.3% |
Quality Fund II, Inc. | |||||
BlackRock MuniHoldings | MHD | 123,671 | $1,462,915 | $206,875 | -12.6% |
Fund, Inc. | |||||
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The amount and timing of any repurchases under each Fund's Repurchase Program will be determined either at the discretion of the Fund's management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund's repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Repurchase Program will be made on a national securities exchange at the prevailing market price, subject to exchange requirements and certain volume and timing limitations and other regulations under federal securities laws.
About BlackRock
BlackRock's purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please
visit www.blackrock.com/corporate| Twitter: @blackrock|
LinkedIn: www.linkedin.com/company/blackrock
Availability of Fund Updates
BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the "Closed-end Funds" section of www.blackrock.comas well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock's website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock's website in this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund's or BlackRock's future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as "trend," "potential," "opportunity," "pipeline," "believe," "comfortable," "expect," "anticipate," "current," "intention," "estimate," "position," "assume," "outlook," "continue," "remain," "maintain," "sustain," "seek," "achieve," and similar expressions, or future or conditional verbs such as "will," "would," "should," "could," "may" or similar expressions.
BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as
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Blackrock Taxable Municipal Bond Trust published this content on 21 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 April 2023 09:19:04 UTC.