|Bid||0.00 x 900|
|Ask||12.71 x 800|
|Day's Range||12.64 - 12.71|
|52 Week Range||11.09 - 12.80|
|Beta (3Y Monthly)||0.14|
|PE Ratio (TTM)||60.09|
|Forward Dividend & Yield||0.51 (4.06%)|
|1y Target Est||N/A|
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Florida Municipal 2020 Term Trust declared its June and July distribution early.
“Long-only hits the spot for hedge funds,” ran the headline in the Financial Times the other day. Alfred Winslow Jones, a Harvard University–educated sociologist who surmounted a career in financial journalism to make a name for himself on Wall Street a half-century ago, was the progenitor of the “hedged” fund. “Hedging,” Jones said, “is a speculative tool used to conservative ends.” So ran the theory.
BlackRock will host a municipal closed-end fund conference call on Tuesday, April 9th at 4:15pm ET.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of BlackRock MuniYield New York Quality Fund and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Moody's Investors Service ("Moody's") has assigned a P-1 short-term rating to the Variable Rate Demand Preferred ("VRDP") shares issued by BlackRock MuniYield Michigan Quality Fund, Inc. (MIY) and BlackRock MuniYield New York Quality Fund, Inc. (MYN). The principal methodology used in these ratings was "Securities Issued by U.S. Closed-End Funds" published in August 2018.
The BlackRock registered closed-end funds (each a "Fund" and collectively, the "Funds") announced today that Henry Gabbay will become an independent director/trustee of each Fund on January 1, 2019. Mr. Gabbay is a director/trustee of certain BlackRock open-end funds. For additional information on BlackRock, please visit www.blackrock.com | Twitter: @blackrock | Blog: www.blackrockblog.com | LinkedIn: www.linkedin.com/company/blackrock.
BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of the below BlackRock municipal closed-end funds have authorized open market share repurchase programs pursuant to which each Fund may repurchase up to 5% of its outstanding common shares in open market transactions through November 30, 2019.
Replay information is now available for BlackRock’s fixed income outlook & tax loss strategies closed-end fund conference call that was held on Wednesday, October 17th. To coincide with the call, BlackRock has published a market insights piece that highlights BlackRock’s views on closed-end fund tax loss selling strategies heading into year-end.
BlackRock will host a fixed income outlook & tax loss strategies closed-end fund conference call on Wednesday, October 17th at 4:15pm ET.