ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. I have added to five positions in my portfolio, but I haven’t included any new names. There was a mix of funds that were at attractive discounts, but also some that were pushing premiums. BOE’s discount is attractive and leads to an enticing distribution yield for shareholders. The fund’s option writing and sector diversification strategy have helped keep losses at a relatively reduced… Investors today are desperate for additional sources of income to maintain their lifestyles in the face of the rapidly rising cost of living.
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Some BlackRock funds make distributions of ordinary income and capital gains at calendar year end. Those distributions temporarily cause extraordinarily high yields. There is no assurance that a fund will repeat that yield in the future. Subsequent monthly distributions that do not include ordinary income or capital gains in the form of dividends will likely be lower. If a Fund estimates that it has distributed more than its income and net realized capital gains in the current fiscal year; a portion of its distribution may be a return of capital.
The amounts and sources of distributions reported in any notices are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund’s investment experience during the remainder of its fiscal year and may be subject to change based on tax regulations. The Fund will send a Form 1099-DIV for the calendar year that will tell how to report these distributions for federal income tax purposes. Yields are based on income earned for the period cited and on the Fund’s NAV at the end of the end of the period. Some investors may be subject to the alternative minimum tax (AMT).
BlackRock Enhanced Global Dividend Trust Company Info
The pitch the perfect investment discount remains attractive on this fund that focuses on global positions. BOE’s largest sector allocation is to tech, though not overwhelmingly so. The first period of Tender Offers for the BlackRock equity CEFs is now complete.
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Portfolio Managers
Performance results reflect past performance and are no guarantee of future results. Current performance may be lower or higher than the performance data quoted. https://forexanalytics.info/ The market value and net asset value (NAV) of a fund’s shares will fluctuate with market conditions. Closed-end funds may trade at a premium to NAV but often trade at a discount. Stock and bond values fluctuate in price so the value of your investment can go down depending on market conditions.
Certain BlackRock Closed-End Funds Announce Estimated Sources of Distributions
The information for these funds is provided for informational purposes only and does not constitute a solicitation of an offer to buy or sell Fund shares. Christopher M. Accettella, Director, is a member of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. He is a portfolio manager for equity derivatives overlay and hedging assignments, including BlackRock’s equity closed end funds. Kyle G. McClements, CFA, Managing Director, is Head of the Equity Derivatives team within BlackRock’s Fundamental Active Equity division. For more information regarding a fund’s investment strategy, please see the fund’s prospectus. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer.
Derivatives entail risks relating to liquidity, leverage and credit that may reduce returns and increase volatility. There is no assurance that the Fund will achieve its investment objective. The Fund is subject to numerous risks, including investment risks.
- The company spent nearly $194 million on the purchases of property, plant, and equipment during the first six months of this year.
- You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer.
- The current dividend yield for BlackRock Enhanced Global Dividend Trust is 6.79%.
- She sits on the team’s Leadership Committee and also provides research analyst coverage, primarily of the financials sector.
- She was named as a portfolio manager in recognition of her experience as well as her significant contributions to the Global Core Equity team as a research analyst.
The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.
BlackRock Enhanced Global Dividend Trust Stock Price Performance
Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. The BlackRock Enhanced Global Dividend Trust primary investment objective is to provide current income and current gains, with a secondary investment objective of long-term capital appreciation. I put some capital to work through the month of November in 5 different funds.
Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments. Despite issuing all that stock, the company’s cash position (cash, cash equivalents, and restricted cash) has fallen from $1.5 billion at the end of last June to around $1 billion at the end of the second quarter. Meanwhile, the company has nearly $1.7 billion of total liabilities, which includes convertible senior notes, various lease obligations, and other liabilities. The company has raised over $570 million this year via the proceeds of public and private stock offerings. That’s a massive amount of stock dilution for a company with a market cap currently around $1.7 billion. The current dividend yield for BlackRock Enhanced Global Dividend Trust is 6.79%.