NEW YORK--(BUSINESS WIRE)--February 27, 2026--
Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below. The declarations have moved from monthly to quarterly to provide additional visibility on upcoming distributions. The funds will continue to pay monthly distributions.
Municipal Funds:
Certain Municipal Funds involved in upcoming mergers or reorganizations announced distributions separately.
Distribution Month Ex- & Record Date Payable Date
April April 15, 2026 May 1, 2026
May May 15, 2026 June 1, 2026
June June 15, 2026 July 1, 2026
Change From Prior
National Funds Ticker Monthly Distribution Distribution
-------------------- ------- -------------------- --------------------
BlackRock Municipal
2030 Target Term
Trust BTT $0.046400 -
BlackRock 2037
Municipal Target
Term Trust BMN $0.093750 -
BlackRock
MuniHoldings Fund,
Inc.* MHD $0.059500 -
BlackRock MuniYield
Quality Fund III,
Inc.* MYI $0.055500 -
BlackRock MuniAssets
Fund, Inc.* MUA $0.055500 -
BlackRock MuniYield
Quality Fund,
Inc.* MQY $0.058000 -
Change From Prior
State-Specific Funds Ticker Monthly Distribution Distribution
-------------------- ------- -------------------- --------------------
BlackRock MuniYield
Michigan Quality
Fund, Inc.* MIY $0.054500 -
BlackRock
MuniHoldings New
Jersey Quality
Fund, Inc.* MUJ $0.054000 -
BlackRock MuniYield
Pennsylvania
Quality Fund* MPA $0.047700 -
BlackRock Virginia
Municipal Bond
Trust* BHV $0.045500 -
BlackRock
MuniHoldings
California Quality
Fund, Inc.* MUC $0.053500 -
BlackRock MuniYield
New York Quality
Fund, Inc.* MYN $0.051200 -
Taxable Funds:
Distribution Month Ex- & Record Date Payable Date April April 15, 2026 April 30, 2026 May May 15, 2026 May 29, 2026 June June 15, 2026 June 30, 2026 Taxable Municipal Change From Prior Funds Ticker Monthly Distribution Distribution -------------------- ------- -------------------- -------------------- BlackRock Taxable Municipal Bond Trust* BBN $0.098600 - Taxable Fixed Income Change From Prior Funds Ticker Monthly Distribution Distribution -------------------- ------- -------------------- -------------------- BlackRock Floating Rate Income Trust* BGT $0.120280 - BlackRock Core Bond Trust* BHK $0.074600 - BlackRock Multi-Sector Income Trust* BIT $0.123700 - BlackRock Income Trust, Inc.* BKT $0.088200 - BlackRock Limited Duration Income Trust* BLW $0.113200 - BlackRock Credit Allocation Income Trust* BTZ $0.083900 - BlackRock Debt Strategies Fund, Inc.* DSU $0.098730 - BlackRock Floating Rate Income Strategies Fund, Inc.* FRA $0.123840 - BlackRock Corporate High Yield Fund, Inc.* HYT $0.077900 -
Equity and Multi-Asset Funds:
Distribution Month Ex- & Record Date Payable Date
April April 15, 2026 April 30, 2026
May May 15, 2026 May 29, 2026
June June 15, 2026 June 30, 2026
Change From Prior
Equity Funds Ticker Monthly Distribution Distribution
-------------------- ------- -------------------- --------------------
BlackRock Resources
& Commodities
Strategy Trust* BCX $0.069700 -
BlackRock Enhanced
Equity Dividend
Trust* BDJ $0.061900 -
BlackRock Energy and
Resources Trust* BGR $0.097300 -
BlackRock Enhanced
International
Dividend Trust* BGY $0.042600 -
BlackRock Health
Sciences Trust* BME $0.262100 -
BlackRock Health
Sciences Term
Trust* BMEZ $0.110000 -
BlackRock Enhanced
Global Dividend
Trust* BOE $0.082700 -
BlackRock Utilities,
Infrastructure &
Power Opportunities
Trust* BUI $0.136000 -
BlackRock Science
and Technology
Trust* BST $0.250000 -
BlackRock Science
and Technology Term
Trust* BSTZ $0.162500 -
BlackRock Technology
and Private Equity
Term Trust* BTX $0.052500 -
BlackRock Enhanced
Large Cap Core
Fund, Inc.* CII $0.141000 -
Change From Prior
Multi-Asset Funds Ticker Monthly Distribution Distribution
-------------------- ------- -------------------- --------------------
BlackRock Capital
Allocation Term
Trust* BCAT $0.257900 (0.002830)
BlackRock ESG
Capital Allocation
Term Trust* ECAT $0.273310 (0.003700)
* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the "1940 Act"), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the "Closed-End Funds" section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year.
BlackRock Capital Allocation Term Trust $(BCAT)$ and BlackRock ESG Capital Allocation Term Trust $(ECAT)$ have adopted a managed distribution plan (a "Plan") to support a level monthly distribution of income, capital gains and/or return of capital. BCAT and ECAT currently distribute a monthly annualized rate of 20% of each Fund's 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The April, May and June 2026 distributions for each of BCAT and ECAT were calculated based on the average net asset value from 2/20/2025 through 2/19/2026. Below are the 12-month rolling average daily net asset values used to calculate BCAT and ECAT's April, May, and June distributions:
BCAT: $15.473427
ECAT: $16.398468
The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund's Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the "Code"). If sufficient income (inclusive of net investment income and short-term capital gains) is not available monthly, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.
Each Fund's estimated sources of the distributions paid February 27, 2026 and for its current fiscal year are as follows:
Estimated Allocations as of February 27, 2026
---------------------------------------------------------------------------------------------
Net Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
-------- ------------ --------------- ---------------- ---------------- ----------------
BCX(1) $0.069700 $0 (0%) $0 (0%) $0 (0%) $0.069700 (100%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BDJ $0.061900 $0.003549 (6%) $0 (0%) $0 (0%) $0.058351 (94%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BGR(1) $0.097300 $0.023608 (24%) $0 (0%) $0 (0%) $0.073692 (76%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BGY(1) $0.042600 $0.000701 (2%) $0 (0%) $0 (0%) $0.041899 (98%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BME(1) $0.262100 $0 (0%) $0.064403 (25%) $0.197697 (75%) $0 (0%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BMEZ(1) $0.110000 $0 (0%) $0 (0%) $0.101835 (93%) $0.008165 (7%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BOE $0.082700 $0 (0%) $0 (0%) $0.082700 (100%) $0 (0%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BUI $0.136000 $0.017215 (13%) $0.108679 (80%) $0 (0%) $0.010106 (7%)
-------- ------------ --------------- ---------------- ---------------- ----------------
CII $0.141000 $0 (0%) $0 (0%) $0.141000 (100%) $0 (0%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BST $0.250000 $0 (0%) $0 (0%) $0.250000 (100%) $0 (0%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BSTZ $0.162500 $0 (0%) $0.162500 (100%) $0 (0%) $0 (0%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BTX(1) $0.052500 $0 (0%) $0 (0%) $0 (0%) $0.052500 (100%)
-------- ------------ --------------- ---------------- ---------------- ----------------
BCAT(1) $0.260730 $0.021333 (8%) $0 (0%) $0 (0%) $0.239397 (92%)
-------- ------------ --------------- ---------------- ---------------- ----------------
ECAT(1) $0.277010 $0.012274 (4%) $0 (0%) $0 (0%) $0.264736 (96%)
-------- ------------ --------------- ---------------- ---------------- ----------------
Estimated Allocations for the Fiscal Year through February 27, 2026
---------------------------------------------------------------------------------------------
Net Realized
Short-Term Net Realized Return of
Fund Distribution Net Income Gains Long-Term Gains Capital
-------- ------------ ---------------- --------------- ---------------- ----------------
BCX(1) $0.139400 $0.015048 (11%) $0 (0%) $0 (0%) $0.124352 (89%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BDJ $0.123800 $0.123800 (100%) $0 (0%) $0 (0%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BGR(1) $0.194600 $0.037724 (19%) $0 (0%) $0 (0%) $0.156876 (81%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BGY(1) $0.085200 $0 (0%) $0 (0%) $0 (0%) $0.085200 (100%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BME(1) $0.524200 $0.000242 (0%) $0.064403 (12%) $0.374671 (72%) $0.084884 (16%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BMEZ(1) $0.220000 $0 (0%) $0 (0%) $0.101835 (46%) $0.118165 (54%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BOE $0.165400 $0.011525 (7%) $0 (0%) $0.153875 (93%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BUI $0.272000 $0.163321 (60%) $0.108679 (40%) $0 (0%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
CII $0.282000 $0 (0%) $0 (0%) $0.282000 (100%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BST $0.500000 $0 (0%) $0 (0%) $0.500000 (100%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BSTZ $0.325000 $0 (0%) $0.202402 (62%) $0.122598 (38%) $0 (0%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BTX(1) $0.105000 $0 (0%) $0 (0%) $0 (0%) $0.105000 (100%)
-------- ------------ ---------------- --------------- ---------------- ----------------
BCAT(1) $0.521460 $0.044436 (9%) $0 (0%) $0 (0%) $0.477024 (91%)
-------- ------------ ---------------- --------------- ---------------- ----------------
ECAT(1) $0.554020 $0.017622 (3%) $0 (0%) $0 (0%) $0.536398 (97%)
-------- ------------ ---------------- --------------- ---------------- ----------------
(1) The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share.
The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information:
------------------------------------------------------------------------------
Annualized
Average annual current Cumulative total Cumulative
total return (in distribution return (in fiscal year
relation to NAV) rate expressed relation to NAV) distributions as
for the 5-year as a percentage for the fiscal a percentage of
period ending on of NAV as of year through NAV as of
Fund 01/30/2026 01/30/2026 01/30/2026 01/30/2026
------ ---------------- ---------------- ---------------- ----------------
BCX 16.29% 6.53% 11.74% 0.54%
------ ---------------- ---------------- ---------------- ----------------
BDJ 11.65% 7.49% 2.50% 0.62%
------ ---------------- ---------------- ---------------- ----------------
BGR 21.32% 7.35% 12.71% 0.61%
------ ---------------- ---------------- ---------------- ----------------
BGY 8.32% 7.90% 3.42% 0.66%
------ ---------------- ---------------- ---------------- ----------------
BME 5.90% 7.19% 0.14% 0.60%
------ ---------------- ---------------- ---------------- ----------------
BMEZ (1.11%) 7.62% 2.07% 0.63%
------ ---------------- ---------------- ---------------- ----------------
BOE 9.62% 7.58% 2.33% 0.63%
------ ---------------- ---------------- ---------------- ----------------
BUI 9.40% 6.30% 6.05% 0.52%
------ ---------------- ---------------- ---------------- ----------------
CII 13.95% 7.42% 1.37% 0.62%
------ ---------------- ---------------- ---------------- ----------------
BST 4.71% 7.05% 0.89% 0.59%
------ ---------------- ---------------- ---------------- ----------------
BSTZ 1.12% 7.76% 1.68% 0.65%
------ ---------------- ---------------- ---------------- ----------------
BTX* (8.68%) 8.03% 1.43% 0.67%
------ ---------------- ---------------- ---------------- ----------------
BCAT 6.70% 20.44% 2.30% 1.70%
------ ---------------- ---------------- ---------------- ----------------
ECAT* 8.78% 20.58% 1.65% 1.72%
------ ---------------- ---------------- ---------------- ----------------
* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 1/30/2026.
Shareholders should not draw any conclusions about a Fund's investment performance from the amount of the Fund's current distributions or from the terms of the Fund's Plan.
BlackRock Income Trust, Inc. $(BKT)$, BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Taxable Municipal Bond Trust $(BBN)$, BlackRock Floating Rate Income Trust $(BGT)$, BlackRock Corporate High Yield Fund, Inc. $(HYT)$, BlackRock Credit Allocation Income Trust $(BTZ)$, BlackRock Limited Duration Income Trust $(BLW)$, BlackRock Core Bond Trust $(BHK)$, and BlackRock Multi-Sector Income Trust $(BIT)$, and have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund's Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the "1940 Act"). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.
Each Fund's estimated sources of the distributions paid February 27, 2026 and for its current fiscal year are as follows:
Estimated Allocations as of February 27, 2026
------------------------------------------------------------------------------
Net Net
Realized Realized
Short-Term Long-Term Return of
Fund Distribution Net Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ---------------
BKT(2) $0.088200 $0.037616 (43%) $0 (0%) $0 (0%) $0.050584 (57%)
------- ------------ --------------- ---------- --------- ---------------
DSU(2) $0.098730 $0.046880 (47%) $0 (0%) $0 (0%) $0.051850 (53%)
------- ------------ --------------- ---------- --------- ---------------
FRA(2) $0.123840 $0.054611 (44%) $0 (0%) $0 (0%) $0.069229 (56%)
------- ------------ --------------- ---------- --------- ---------------
BBN(2) $0.098600 $0.081431 (83%) $0 (0%) $0 (0%) $0.017169 (17%)
------- ------------ --------------- ---------- --------- ---------------
BGT(2) $0.120280 $0.052476 (44%) $0 (0%) $0 (0%) $0.067804 (56%)
------- ------------ --------------- ---------- --------- ---------------
HYT(2) $0.077900 $0.049314 (63%) $0 (0%) $0 (0%) $0.028586 (37%)
------- ------------ --------------- ---------- --------- ---------------
BTZ(2) $0.083900 $0.056976 (68%) $0 (0%) $0 (0%) $0.026924 (32%)
------- ------------ --------------- ---------- --------- ---------------
BLW(2) $0.113200 $0.076702 (68%) $0 (0%) $0 (0%) $0.036498 (32%)
------- ------------ --------------- ---------- --------- ---------------
BHK(2) $0.074600 $0.043859 (59%) $0 (0%) $0 (0%) $0.030741 (41%)
------- ------------ --------------- ---------- --------- ---------------
BIT(2) $0.123700 $0.068304 (55%) $0 (0%) $0 (0%) $0.055396 (45%)
------- ------------ --------------- ---------- --------- ---------------
Estimated Allocations for the Fiscal Year through February 27, 2026
------------------------------------------------------------------------------
Net Net
Realized Realized
Short-Term Long-Term Return of
Fund Distribution Net Income Gains Gains Capital
------- ------------ --------------- ---------- --------- ---------------
BKT(2) $0.176400 $0.075941 (43%) $0 (0%) $0 (0%) $0.100459 (57%)
------- ------------ --------------- ---------- --------- ---------------
DSU(2) $0.197460 $0.098543 (50%) $0 (0%) $0 (0%) $0.098917 (50%)
------- ------------ --------------- ---------- --------- ---------------
FRA(2) $0.247680 $0.117871 (48%) $0 (0%) $0 (0%) $0.129809 (52%)
------- ------------ --------------- ---------- --------- ---------------
BBN(2) $0.197200 $0.164392 (83%) $0 (0%) $0 (0%) $0.032808 (17%)
------- ------------ --------------- ---------- --------- ---------------
BGT(2) $0.240560 $0.111048 (46%) $0 (0%) $0 (0%) $0.129512 (54%)
------- ------------ --------------- ---------- --------- ---------------
HYT(2) $0.155800 $0.093778 (60%) $0 (0%) $0 (0%) $0.062022 (40%)
------- ------------ --------------- ---------- --------- ---------------
BTZ(2) $0.167800 $0.113132 (67%) $0 (0%) $0 (0%) $0.054668 (33%)
------- ------------ --------------- ---------- --------- ---------------
BLW(2) $0.226400 $0.156675 (69%) $0 (0%) $0 (0%) $0.069725 (31%)
------- ------------ --------------- ---------- --------- ---------------
BHK(2) $0.149200 $0.087508 (59%) $0 (0%) $0 (0%) $0.061692 (41%)
------- ------------ --------------- ---------- --------- ---------------
BIT(2) $0.247400 $0.136867 (55%) $0 (0%) $0 (0%) $0.110533 (45%)
------- ------------ --------------- ---------- --------- ---------------
(2) The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with 'yield' or 'income'. When distributions exceed total return performance, the difference will reduce the Fund's net asset value per share.
The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes.
Fund Performance and Distribution Rate Information:
------------------------------------------------------------------------------
Annualized
Average annual current Cumulative total Cumulative fiscal
total return (in distribution return (in year
relation to NAV) rate expressed relation to NAV) distributions as
for the 5-year as a percentage for the fiscal a percentage of
period ending on of NAV as of year through NAV as of
Fund 01/30/2026 01/30/2026 01/30/2026 01/30/2026
----- ---------------- ---------------- ---------------- -----------------
BKT (1.26%) 9.22% 0.53% 0.77%
----- ---------------- ---------------- ---------------- -----------------
DSU 6.59% 11.85% (0.41%) 0.99%
----- ---------------- ---------------- ---------------- -----------------
FRA 6.46% 12.50% (0.62%) 1.04%
----- ---------------- ---------------- ---------------- -----------------
BBN (0.99%) 6.85% 0.55% 0.57%
----- ---------------- ---------------- ---------------- -----------------
BGT 6.68% 12.39% (0.57%) 1.03%
----- ---------------- ---------------- ---------------- -----------------
HYT 4.86% 9.89% (1.22%) 0.82%
----- ---------------- ---------------- ---------------- -----------------
BTZ 2.43% 8.89% 0.61% 0.74%
----- ---------------- ---------------- ---------------- -----------------
BLW 4.69% 9.86% (0.12%) 0.82%
----- ---------------- ---------------- ---------------- -----------------
BHK (1.88%) 9.02% 0.28% 0.75%
----- ---------------- ---------------- ---------------- -----------------
BIT 4.25% 10.72% 0.50% 0.89%
----- ---------------- ---------------- ---------------- -----------------
No conclusions should be drawn about a Fund's investment performance from the amount of the Fund's distributions or from the terms of the Fund's Plan.
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February 27, 2026 16:31 ET (21:31 GMT)