Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries BlackRock Closed-End Fund Share Repurchase Program Update By: BlackRock Closed-End Funds via Business Wire July 12, 2023 at 16:30 PM EDT BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended June 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: Summary of share repurchase activity during the most recent calendar quarter ended June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 91,571 $1,079,548 $151,647 -12.4% BlackRock Enhanced Global Dividend Trust BOE 353,603 $3,537,695 $525,671 -13.2% BlackRock Enhanced International Dividend Trust BGY 664,899 $3,648,566 $500,272 -12.4% BlackRock Health Sciences Term Trust BMEZ 317,211 $5,172,759 $840,181 -14.2% BlackRock Science and Technology Term Trust BSTZ 370,145 $6,444,276 $1,265,957 -16.5% BlackRock Resources & Commodities Strategy Trust BCX 748,035 $6,926,600 $1,062,764 -13.6% BlackRock California Municipal Income Trust BFZ 27,787 $324,914 $37,371 -10.5% BlackRock MuniHoldings California Quality Fund, Inc. MUC 607,921 $6,517,927 $1,118,102 -14.8% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 305,324 $3,396,867 $561,352 -14.4% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 163,969 $1,809,535 $295,620 -14.3% BlackRock MuniYield Pennsylvania Quality Fund MPA 47,928 $544,429 $80,446 -13.3% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 141,033 $1,433,037 $246,031 -14.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 133,782 $1,384,389 $226,637 -14.2% BlackRock MuniYield New York Quality Fund, Inc. MYN 218,213 $2,180,812 $354,960 -14.2% BlackRock MuniVest Fund, Inc. MVF 369,059 $2,486,493 $398,791 -14.1% BlackRock MuniVest Fund II, Inc. MVT 136,024 $1,422,366 $230,287 -14.3% BlackRock Municipal Income Fund, Inc. MUI 400,668 $4,572,036 $689,685 -13.4% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 128,633 $1,297,684 $196,842 -13.6% BlackRock Municipal Income Trust II BLE 277,281 $2,859,863 $453,455 -14.0% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 133,152 $1,514,458 $222,438 -13.1% BlackRock MuniYield Fund, Inc. MYD 259,889 $2,704,768 $414,189 -13.6% BlackRock Municipal Income Trust BFK 327,183 $3,241,131 $522,340 -14.2% BlackRock MuniYield Quality Fund III, Inc. MYI 377,910 $4,091,857 $583,942 -12.7% BlackRock MuniHoldings Quality Fund II, Inc. MUE 154,973 $1,509,159 $248,762 -14.5% BlackRock MuniHoldings Fund, Inc. MHD 338,229 $3,922,634 $841,400 -14.1% Summary of share repurchase activity since Repurchase Program inception as of June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 1,997,416 $19,903,367 $2,756,152 -12.4% BlackRock Enhanced Equity Dividend Trust BDJ 2,974,888 $23,626,347 $2,641,607 -10.1% BlackRock Enhanced Global Dividend Trust BOE 7,251,833 $74,121,483 $9,815,813 -12.0% BlackRock Enhanced International Dividend Trust BGY 8,613,877 $45,903,582 $5,888,454 -11.7% BlackRock Health Sciences Term Trust BMEZ 4,639,814 $73,363,722 $13,425,626 -15.5% BlackRock Science and Technology Term Trust BSTZ 1,622,202 $27,555,754 $5,322,021 -16.1% BlackRock Innovation and Growth Term Trust BIGZ 16,419,435 $159,541,184 $31,534,448 -18.4% BlackRock Capital Allocation Term Trust BCAT 4,390,352 $67,635,655 $11,547,447 -15.5% BlackRock ESG Capital Allocation Term Trust ECAT 3,325,611 $47,257,972 $9,686,105 -17.1% BlackRock Resources & Commodities Strategy Trust BCX 13,201,038 $106,742,957 $15,516,843 -13.1% BlackRock Science and Technology Trust BST 136,367 $2,799,570 $284,111 -9.1% BlackRock Corporate High Yield Fund, Inc. HYT 4,695,612 $48,249,031 $6,328,699 -11.8% BlackRock Credit Allocation Income Trust BTZ 4,222,616 $52,321,626 $7,126,080 -12.1% BlackRock Debt Strategies Fund, Inc. DSU 4,887,450 $54,871,336 $5,651,691 -9.7% BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2,000,291 $24,605,346 $3,520,574 -12.8% BlackRock Floating Rate Income Trust BGT 1,361,673 $15,886,943 $2,250,227 -12.4% BlackRock Income Trust, Inc. BKT 145,423 $854,488 $79,581 -8.7% BlackRock Limited Duration Income Trust BLW 1,341,749 $19,494,225 $2,522,574 -11.4% BlackRock Multi-Sector Income Trust BIT 884,028 $14,722,265 $1,722,801 -10.5% BlackRock California Municipal Income Trust BFZ 1,628,704 $19,126,545 $3,023,675 -13.6% BlackRock MuniHoldings California Quality Fund, Inc. MUC 1,885,793 $20,654,531 $3,152,447 -13.7% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 793,558 $9,153,904 $1,366,873 -13.7% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 322,983 $3,719,902 $584,637 -14.0% BlackRock MuniYield Pennsylvania Quality Fund MPA 324,961 $3,766,578 $581,469 -13.2% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 278,135 $2,836,155 $480,913 -13.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 545,665 $5,585,603 $849,026 -13.5% BlackRock MuniYield New York Quality Fund, Inc. MYN 784,286 $7,768,043 $1,187,286 -13.6% BlackRock MuniVest Fund, Inc. MVF 689,747 $4,667,332 $687,648 -13.3% BlackRock MuniVest Fund II, Inc. MVT 225,786 $2,400,267 $358,678 -13.5% BlackRock Municipal Income Fund, Inc. MUI 864,959 $10,036,341 $1,414,351 -12.8% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 178,430 $1,823,171 $261,107 -13.1% BlackRock Municipal Income Trust II BLE 483,559 $5,064,351 $742,558 -13.3% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 227,377 $2,546,484 $349,092 -12.6% BlackRock MuniYield Fund, Inc. MYD 429,890 $4,537,843 $652,966 -13.1% BlackRock Municipal Income Trust BFK 482,291 $4,794,581 $758,669 -14.0% BlackRock MuniYield Quality Fund III, Inc. MYI 465,125 $5,062,159 $704,050 -12.4% BlackRock MuniHoldings Quality Fund II, Inc. MUE 197,703 $1,931,636 $312,511 -14.2% BlackRock MuniHoldings Fund, Inc. MHD 461,900 $5,385,549 $841,400 -13.7% 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.com as 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 of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20230712821436/en/Contacts BlackRock 1-800-882-0052 Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
BlackRock Closed-End Fund Share Repurchase Program Update By: BlackRock Closed-End Funds via Business Wire July 12, 2023 at 16:30 PM EDT BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended June 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: Summary of share repurchase activity during the most recent calendar quarter ended June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 91,571 $1,079,548 $151,647 -12.4% BlackRock Enhanced Global Dividend Trust BOE 353,603 $3,537,695 $525,671 -13.2% BlackRock Enhanced International Dividend Trust BGY 664,899 $3,648,566 $500,272 -12.4% BlackRock Health Sciences Term Trust BMEZ 317,211 $5,172,759 $840,181 -14.2% BlackRock Science and Technology Term Trust BSTZ 370,145 $6,444,276 $1,265,957 -16.5% BlackRock Resources & Commodities Strategy Trust BCX 748,035 $6,926,600 $1,062,764 -13.6% BlackRock California Municipal Income Trust BFZ 27,787 $324,914 $37,371 -10.5% BlackRock MuniHoldings California Quality Fund, Inc. MUC 607,921 $6,517,927 $1,118,102 -14.8% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 305,324 $3,396,867 $561,352 -14.4% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 163,969 $1,809,535 $295,620 -14.3% BlackRock MuniYield Pennsylvania Quality Fund MPA 47,928 $544,429 $80,446 -13.3% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 141,033 $1,433,037 $246,031 -14.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 133,782 $1,384,389 $226,637 -14.2% BlackRock MuniYield New York Quality Fund, Inc. MYN 218,213 $2,180,812 $354,960 -14.2% BlackRock MuniVest Fund, Inc. MVF 369,059 $2,486,493 $398,791 -14.1% BlackRock MuniVest Fund II, Inc. MVT 136,024 $1,422,366 $230,287 -14.3% BlackRock Municipal Income Fund, Inc. MUI 400,668 $4,572,036 $689,685 -13.4% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 128,633 $1,297,684 $196,842 -13.6% BlackRock Municipal Income Trust II BLE 277,281 $2,859,863 $453,455 -14.0% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 133,152 $1,514,458 $222,438 -13.1% BlackRock MuniYield Fund, Inc. MYD 259,889 $2,704,768 $414,189 -13.6% BlackRock Municipal Income Trust BFK 327,183 $3,241,131 $522,340 -14.2% BlackRock MuniYield Quality Fund III, Inc. MYI 377,910 $4,091,857 $583,942 -12.7% BlackRock MuniHoldings Quality Fund II, Inc. MUE 154,973 $1,509,159 $248,762 -14.5% BlackRock MuniHoldings Fund, Inc. MHD 338,229 $3,922,634 $841,400 -14.1% Summary of share repurchase activity since Repurchase Program inception as of June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 1,997,416 $19,903,367 $2,756,152 -12.4% BlackRock Enhanced Equity Dividend Trust BDJ 2,974,888 $23,626,347 $2,641,607 -10.1% BlackRock Enhanced Global Dividend Trust BOE 7,251,833 $74,121,483 $9,815,813 -12.0% BlackRock Enhanced International Dividend Trust BGY 8,613,877 $45,903,582 $5,888,454 -11.7% BlackRock Health Sciences Term Trust BMEZ 4,639,814 $73,363,722 $13,425,626 -15.5% BlackRock Science and Technology Term Trust BSTZ 1,622,202 $27,555,754 $5,322,021 -16.1% BlackRock Innovation and Growth Term Trust BIGZ 16,419,435 $159,541,184 $31,534,448 -18.4% BlackRock Capital Allocation Term Trust BCAT 4,390,352 $67,635,655 $11,547,447 -15.5% BlackRock ESG Capital Allocation Term Trust ECAT 3,325,611 $47,257,972 $9,686,105 -17.1% BlackRock Resources & Commodities Strategy Trust BCX 13,201,038 $106,742,957 $15,516,843 -13.1% BlackRock Science and Technology Trust BST 136,367 $2,799,570 $284,111 -9.1% BlackRock Corporate High Yield Fund, Inc. HYT 4,695,612 $48,249,031 $6,328,699 -11.8% BlackRock Credit Allocation Income Trust BTZ 4,222,616 $52,321,626 $7,126,080 -12.1% BlackRock Debt Strategies Fund, Inc. DSU 4,887,450 $54,871,336 $5,651,691 -9.7% BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2,000,291 $24,605,346 $3,520,574 -12.8% BlackRock Floating Rate Income Trust BGT 1,361,673 $15,886,943 $2,250,227 -12.4% BlackRock Income Trust, Inc. BKT 145,423 $854,488 $79,581 -8.7% BlackRock Limited Duration Income Trust BLW 1,341,749 $19,494,225 $2,522,574 -11.4% BlackRock Multi-Sector Income Trust BIT 884,028 $14,722,265 $1,722,801 -10.5% BlackRock California Municipal Income Trust BFZ 1,628,704 $19,126,545 $3,023,675 -13.6% BlackRock MuniHoldings California Quality Fund, Inc. MUC 1,885,793 $20,654,531 $3,152,447 -13.7% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 793,558 $9,153,904 $1,366,873 -13.7% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 322,983 $3,719,902 $584,637 -14.0% BlackRock MuniYield Pennsylvania Quality Fund MPA 324,961 $3,766,578 $581,469 -13.2% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 278,135 $2,836,155 $480,913 -13.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 545,665 $5,585,603 $849,026 -13.5% BlackRock MuniYield New York Quality Fund, Inc. MYN 784,286 $7,768,043 $1,187,286 -13.6% BlackRock MuniVest Fund, Inc. MVF 689,747 $4,667,332 $687,648 -13.3% BlackRock MuniVest Fund II, Inc. MVT 225,786 $2,400,267 $358,678 -13.5% BlackRock Municipal Income Fund, Inc. MUI 864,959 $10,036,341 $1,414,351 -12.8% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 178,430 $1,823,171 $261,107 -13.1% BlackRock Municipal Income Trust II BLE 483,559 $5,064,351 $742,558 -13.3% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 227,377 $2,546,484 $349,092 -12.6% BlackRock MuniYield Fund, Inc. MYD 429,890 $4,537,843 $652,966 -13.1% BlackRock Municipal Income Trust BFK 482,291 $4,794,581 $758,669 -14.0% BlackRock MuniYield Quality Fund III, Inc. MYI 465,125 $5,062,159 $704,050 -12.4% BlackRock MuniHoldings Quality Fund II, Inc. MUE 197,703 $1,931,636 $312,511 -14.2% BlackRock MuniHoldings Fund, Inc. MHD 461,900 $5,385,549 $841,400 -13.7% 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.com as 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 of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20230712821436/en/Contacts BlackRock 1-800-882-0052
BlackRock Advisors, LLC (“BlackRock”) released today share repurchase activity for certain BlackRock-advised closed-end funds (the “Funds”) during the quarter ended June 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: Summary of share repurchase activity during the most recent calendar quarter ended June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 91,571 $1,079,548 $151,647 -12.4% BlackRock Enhanced Global Dividend Trust BOE 353,603 $3,537,695 $525,671 -13.2% BlackRock Enhanced International Dividend Trust BGY 664,899 $3,648,566 $500,272 -12.4% BlackRock Health Sciences Term Trust BMEZ 317,211 $5,172,759 $840,181 -14.2% BlackRock Science and Technology Term Trust BSTZ 370,145 $6,444,276 $1,265,957 -16.5% BlackRock Resources & Commodities Strategy Trust BCX 748,035 $6,926,600 $1,062,764 -13.6% BlackRock California Municipal Income Trust BFZ 27,787 $324,914 $37,371 -10.5% BlackRock MuniHoldings California Quality Fund, Inc. MUC 607,921 $6,517,927 $1,118,102 -14.8% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 305,324 $3,396,867 $561,352 -14.4% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 163,969 $1,809,535 $295,620 -14.3% BlackRock MuniYield Pennsylvania Quality Fund MPA 47,928 $544,429 $80,446 -13.3% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 141,033 $1,433,037 $246,031 -14.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 133,782 $1,384,389 $226,637 -14.2% BlackRock MuniYield New York Quality Fund, Inc. MYN 218,213 $2,180,812 $354,960 -14.2% BlackRock MuniVest Fund, Inc. MVF 369,059 $2,486,493 $398,791 -14.1% BlackRock MuniVest Fund II, Inc. MVT 136,024 $1,422,366 $230,287 -14.3% BlackRock Municipal Income Fund, Inc. MUI 400,668 $4,572,036 $689,685 -13.4% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 128,633 $1,297,684 $196,842 -13.6% BlackRock Municipal Income Trust II BLE 277,281 $2,859,863 $453,455 -14.0% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 133,152 $1,514,458 $222,438 -13.1% BlackRock MuniYield Fund, Inc. MYD 259,889 $2,704,768 $414,189 -13.6% BlackRock Municipal Income Trust BFK 327,183 $3,241,131 $522,340 -14.2% BlackRock MuniYield Quality Fund III, Inc. MYI 377,910 $4,091,857 $583,942 -12.7% BlackRock MuniHoldings Quality Fund II, Inc. MUE 154,973 $1,509,159 $248,762 -14.5% BlackRock MuniHoldings Fund, Inc. MHD 338,229 $3,922,634 $841,400 -14.1% Summary of share repurchase activity since Repurchase Program inception as of June 30, 2023: Fund Name Ticker Number of Shares Repurchased Total Amount of Shares Repurchased Total Amount of NAV Accretion Average Discount on Days Repurchased BlackRock Energy and Resources Trust BGR 1,997,416 $19,903,367 $2,756,152 -12.4% BlackRock Enhanced Equity Dividend Trust BDJ 2,974,888 $23,626,347 $2,641,607 -10.1% BlackRock Enhanced Global Dividend Trust BOE 7,251,833 $74,121,483 $9,815,813 -12.0% BlackRock Enhanced International Dividend Trust BGY 8,613,877 $45,903,582 $5,888,454 -11.7% BlackRock Health Sciences Term Trust BMEZ 4,639,814 $73,363,722 $13,425,626 -15.5% BlackRock Science and Technology Term Trust BSTZ 1,622,202 $27,555,754 $5,322,021 -16.1% BlackRock Innovation and Growth Term Trust BIGZ 16,419,435 $159,541,184 $31,534,448 -18.4% BlackRock Capital Allocation Term Trust BCAT 4,390,352 $67,635,655 $11,547,447 -15.5% BlackRock ESG Capital Allocation Term Trust ECAT 3,325,611 $47,257,972 $9,686,105 -17.1% BlackRock Resources & Commodities Strategy Trust BCX 13,201,038 $106,742,957 $15,516,843 -13.1% BlackRock Science and Technology Trust BST 136,367 $2,799,570 $284,111 -9.1% BlackRock Corporate High Yield Fund, Inc. HYT 4,695,612 $48,249,031 $6,328,699 -11.8% BlackRock Credit Allocation Income Trust BTZ 4,222,616 $52,321,626 $7,126,080 -12.1% BlackRock Debt Strategies Fund, Inc. DSU 4,887,450 $54,871,336 $5,651,691 -9.7% BlackRock Floating Rate Income Strategies Fund, Inc. FRA 2,000,291 $24,605,346 $3,520,574 -12.8% BlackRock Floating Rate Income Trust BGT 1,361,673 $15,886,943 $2,250,227 -12.4% BlackRock Income Trust, Inc. BKT 145,423 $854,488 $79,581 -8.7% BlackRock Limited Duration Income Trust BLW 1,341,749 $19,494,225 $2,522,574 -11.4% BlackRock Multi-Sector Income Trust BIT 884,028 $14,722,265 $1,722,801 -10.5% BlackRock California Municipal Income Trust BFZ 1,628,704 $19,126,545 $3,023,675 -13.6% BlackRock MuniHoldings California Quality Fund, Inc. MUC 1,885,793 $20,654,531 $3,152,447 -13.7% BlackRock MuniHoldings New Jersey Quality Fund, Inc. MUJ 793,558 $9,153,904 $1,366,873 -13.7% BlackRock MuniYield Michigan Quality Fund, Inc. MIY 322,983 $3,719,902 $584,637 -14.0% BlackRock MuniYield Pennsylvania Quality Fund MPA 324,961 $3,766,578 $581,469 -13.2% BlackRock Virginia Municipal Bond Trust BHV 5,759 $61,382 $9,754 -14.0% BlackRock New York Municipal Income Trust BNY 278,135 $2,836,155 $480,913 -13.9% BlackRock MuniHoldings New York Quality Fund, Inc. MHN 545,665 $5,585,603 $849,026 -13.5% BlackRock MuniYield New York Quality Fund, Inc. MYN 784,286 $7,768,043 $1,187,286 -13.6% BlackRock MuniVest Fund, Inc. MVF 689,747 $4,667,332 $687,648 -13.3% BlackRock MuniVest Fund II, Inc. MVT 225,786 $2,400,267 $358,678 -13.5% BlackRock Municipal Income Fund, Inc. MUI 864,959 $10,036,341 $1,414,351 -12.8% BlackRock MuniYield Quality Fund, Inc. MQY 450,420 $5,194,057 $710,614 -12.4% BlackRock MuniYield Quality Fund II, Inc. MQT 178,430 $1,823,171 $261,107 -13.1% BlackRock Municipal Income Trust II BLE 483,559 $5,064,351 $742,558 -13.3% BlackRock Municipal Income Quality Trust BYM 122,823 $1,378,434 $184,346 -12.1% BlackRock Investment Quality Municipal Trust Inc. BKN 227,377 $2,546,484 $349,092 -12.6% BlackRock MuniYield Fund, Inc. MYD 429,890 $4,537,843 $652,966 -13.1% BlackRock Municipal Income Trust BFK 482,291 $4,794,581 $758,669 -14.0% BlackRock MuniYield Quality Fund III, Inc. MYI 465,125 $5,062,159 $704,050 -12.4% BlackRock MuniHoldings Quality Fund II, Inc. MUE 197,703 $1,931,636 $312,511 -14.2% BlackRock MuniHoldings Fund, Inc. MHD 461,900 $5,385,549 $841,400 -13.7% 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.com as 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 of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance. With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions. Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release. View source version on businesswire.com: https://www.businesswire.com/news/home/20230712821436/en/