Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds

Posted in: Dividends, Markets
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Certain BlackRock closed-end funds announced distributions and capital gains. Several of the municipal Funds announced dividend increases. These dividend increases were made in order to better align the Funds with their current earnings rates in light of each Fund’s earnings potential and level of undistributed net investment income.

In addition, dividend reductions were announced by several of the taxable Funds. These dividend reductions take into account each Fund’s earnings potential and the relatively low interest rates on floating rate securities held by the Funds.


 
 
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