| Weekly Closed-End Fund Roundup: CUBA Jumping On CLO Bandwagon (April 13, 2025) |
10 out of 22 CEF sectors were positive on price and 5 out of 22 sectors were positive on NAV last week. Herzfeld Caribbean Basin Fund is jumping on the CLO bandwagon. CLM/CRF announces a rights offering. |
seekingalpha.com |
2025-04-23 16:47:53 |
Czytaj oryginał (ang.) |
| BlackRock Announces Closing of Reorganization of BlackRock Enhanced Government Fund, Inc. (EGF) with and into BlackRock Income Trust, Inc. (BKT) |
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Enhanced Government Fund, Inc. (NYSE: EGF, the “Fund”) has completed its reorganization with and into BlackRock Income Trust, Inc. (NYSE: BKT and together with EGF, the “Funds,” and each, a “Fund”) (the “Reorganization”), effective as of the opening for business of the New York Stock Exchange on Monday, March 24, 2025. In the Reorganization, each EGF shareholder received common shares of BKT in an amount equal to the aggregate net asset value of the EGF comm. |
businesswire.com |
2025-03-24 10:30:00 |
Czytaj oryginał (ang.) |
| BlackRock Enhanced Government Fund, Inc. (EGF) Announces Shareholder Approval for Reorganization with and into BlackRock Income Trust, Inc. (BKT) |
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Advisors, LLC announced today that, at a special meeting of shareholders of BlackRock Enhanced Government Fund, Inc. (NYSE: EGF), shareholders approved the proposals necessary for the previously announced reorganization of EGF with and into BlackRock Income Trust, Inc. (NYSE: BKT) (and together with EGF, “the Funds,” and each, a “Fund”), with BKT continuing as the surviving Fund (collectively, the “Reorganization”). It is currently expected that the Reorgani. |
businesswire.com |
2025-03-18 18:30:00 |
Czytaj oryginał (ang.) |
| BKT: I See A Buy Case For Agency MBS In The Year Ahead (Rating Upgrade) |
Evaluating BlackRock Income Trust as an investment option, primarily focused on agency mortgage-backed securities for capital preservation and high monthly income. Previously rated BKT as "hold" due to leveraged investments and limited value in agency MBS amid an inverted yield curve. With the 2025 bull market, reconsidering BKT as an equity hedge; now upgrading the rating to "buy" based on current market conditions. |
seekingalpha.com |
2025-01-25 02:05:03 |
Czytaj oryginał (ang.) |
| CEF Weekly Review: The Difficulties Of High-Quality CEFs |
We review the CEF market valuation and performance through the second week of December and highlight recent market action. CEFs mostly declined this week due to a 0.25% rise in 10-year Treasury yields, with only the loan sector showing a slight NAV gain. The BlackRock Enhanced Government Fund (EGF) will merge into BlackRock Income Trust (BKT); high-quality funds like these are not ideal in CEFs. |
seekingalpha.com |
2024-12-21 07:50:02 |
Czytaj oryginał (ang.) |
| BKT: Absorbing A Smaller CEF |
BlackRock Income Trust is a leveraged fixed income CEF focused on Agency MBS, set to benefit from lower rates as part of a monetary easing cycle. BKT is merging with BlackRock Enhanced Government Fund, thus increasing its AUM; EGF shareholders must approve the corporate action, but approval is likely. Despite high ROC utilization, BKT remains attractive due to the favorable macro rates outlook, positioning it as a solid long-term hold. |
seekingalpha.com |
2024-11-27 12:57:00 |
Czytaj oryginał (ang.) |
| BlackRock Announces Board Approval of Closed-End Fund Reorganization |
NEW YORK--(BUSINESS WIRE)---- $BKT--BlackRock Advisors, LLC announced today that the Boards of Directors of BlackRock Enhanced Government Fund, Inc. (NYSE: EGF) and BlackRock Income Trust, Inc. (NYSE: BKT) (each, a “Fund” and together, the “Funds”) have approved the reorganization of EGF with and into BKT, with BKT continuing as the surviving Fund (collectively, the “Reorganization”). Following the closing of the Reorganization, BKT, as the surviving Fund, intends to offer to repurchase a portion of its. |
businesswire.com |
2024-11-26 19:06:00 |
Czytaj oryginał (ang.) |
| BKT: Not An Attractive Entry Point After The Decrease In Rates (Rating Downgrade) |
BKT has delivered a 9% total return, outperforming the S&P 500, but the current pricing is no longer appealing, prompting a downgrade to 'Hold'. Significant rate narrowing has benefited BKT due to its high sensitivity to rates, but the fund's effective duration has now decreased to 7.3 years. BKT remains a leveraged proxy for mortgage REITs with high correlation to names like NLY and AGNC, but lacks active duration management. |
seekingalpha.com |
2024-09-06 07:54:13 |
Czytaj oryginał (ang.) |
| BKT: There Is Both Good And Bad (Rating Upgrade) |
I evaluate the BlackRock Income Trust as an investment option and explain why I am no longer bearish on the fund. I previously had a sell rating on the fund due to limited opportunities, and but now I believe hold is the appropriate rating going forward, despite some macro-concerns I have. The fund had benefited from strong demand from the Fed and large US banks, both of whom have been scaling back their purchases of agency MBS. |
seekingalpha.com |
2024-06-06 17:36:50 |
Czytaj oryginał (ang.) |
| PDI: 13.7% Yield Attractive Despite Section 19 Notices |
While many investors love PIMCO's Dynamic Income Fund because of its big monthly distributions (13.7% yield), others have been very traumatized by recent share price volatility and declines. |
seekingalpha.com |
2024-05-06 16:15:00 |
Czytaj oryginał (ang.) |
| BKT: Understand What You Are Buying, MBS Will Likely Deliver |
BlackRock Income Trust is a closed-end fund that purchases agency MBS bonds and leverages them to generate high dividends and a rates-based return profile. The fund's 9% distribution yield is not supported by underlying cash flows, but it should make up for it through capital gains as rates move lower. BKT has a total return profile closely correlated to mortgage REITs like Annaly Capital and AGNC Investment Corp, making it an attractive option in the current macro environment. |
seekingalpha.com |
2024-04-03 22:25:50 |
Czytaj oryginał (ang.) |
| Weekly CEF Commentary | March 3, 2024 | PDX Makes The Change |
Markets were flat, but upcoming events like the jobs report, PMIs, and ECB meeting are important. |
seekingalpha.com |
2024-03-08 11:00:00 |
Czytaj oryginał (ang.) |
| Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds |
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. Municipal Funds: Declaration- 3/1/2024 Ex-Date- 3/14/2024 Record- 3/15/2024 Payable- 4/1/2024 National Funds Ticker Distribution Change From Prior Distribution BlackRock Municipal Income Quality Trust* BYM $0.052500 - BlackRock Long-Term Municipal Advantage Trust* BTA $0.043500 - BlackRock MuniAssets Fund, Inc.* MUA $0.055500 - BlackRock Municipal Income Fund, Inc. |
businesswire.com |
2024-03-01 18:30:00 |
Czytaj oryginał (ang.) |
| US financial giants shedding jobs in 2024 |
A handful of U.S. financial industry heavyweights are cutting jobs to sharpen focus on their core businesses and put themselves on an even keel, after pursuing aggressive growth during the low interest rate-era led to some overhiring. |
reuters.com |
2024-01-31 10:03:03 |
Czytaj oryginał (ang.) |
| BKT: Vulnerable To A Correction And Distribution Cut (Rating Downgrade) |
The BlackRock Income Trust offers a high yield of 8.80%, making it an attractive option for income-seeking investors. The fund invests in AA-rated mortgage-backed securities, providing a reasonable yield for investors looking for guaranteed government-backed securities. While the fund has seen recent gains, there is a risk of share price declines due to the powerful run-up in bonds, and investors may want to take some gains and reduce their risks. |
seekingalpha.com |
2024-01-22 08:31:46 |
Czytaj oryginał (ang.) |
| Think You Can't Retire? These 7%+ Dividends Say Otherwise |
Let's go ahead and use the quickest, most reliable strategy I know of to kickstart a reliable 7% income stream that rolls our way every month. |
forbes.com |
2023-12-26 12:06:00 |
Czytaj oryginał (ang.) |
| Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds |
NEW YORK--(BUSINESS WIRE)--Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below. BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA) and BlackRock Debt Strategies Fund, Inc. (NYSE: DSU) announced increases to their monthly distributions. Certain BlackRock municipal Funds previously declared their December, January and February distributions and declared special distributions today in order. |
businesswire.com |
2023-12-05 19:00:00 |
Czytaj oryginał (ang.) |
| Closed-End Funds: Investment-Grade Corporate Fixed-Income Exposure To Consider |
Investment-grade corporate-focused closed-end funds offer attractive fixed-income options with higher yields in the current higher-rate environment. Leverage and discounts/premiums in CEFs add volatility to consider when investing in these funds, which would otherwise be for more conservative investors. Besides the higher yields, when rates decline investment-grade funds should see a significant rebound, adding a catalyst for potential upside and 'locking in' higher yields now. |
seekingalpha.com |
2023-12-03 04:34:21 |
Czytaj oryginał (ang.) |
| BKT: Sell Before The Distribution Is Cut |
BKT is a leveraged MBS CEF. The fund's distributions are mostly return of capital, with low net investment income and coverage ratios. BKT has few benefits or positives. |
seekingalpha.com |
2023-11-08 05:26:13 |
Czytaj oryginał (ang.) |
| BKT: Harnessing The Power Of Agency-Backed Mortgages For Reliable Returns |
BlackRock Income Trust offers investors access to high-quality agency-backed mortgages, providing impressive returns with fewer fluctuations and risks than mortgage REITs. BKT has a long track record and has outperformed passive MBS indices, offering higher Sortino and Sharpe ratios. The fund's active management strategy allows it to hedge against rate changes and capitalize on new mortgage issuances, providing potential for consistent returns, utilizing institutional tools like swaptions. |
seekingalpha.com |
2023-10-12 16:25:54 |
Czytaj oryginał (ang.) |
| BKT: Risks Remain Elevated (Rating Downgrade) |
The article evaluates BlackRock Income Trust (BKT) as an investment option at its current market price. BKT has not performed well since the last review in 2022, leading to a less-than-bullish rating. The fund's extensive use of leverage and lack of diversification pose a heightened risk environment, making it advisable to avoid. |
seekingalpha.com |
2023-10-01 14:01:47 |
Czytaj oryginał (ang.) |
| Why The Agency MBS Sector Is Worth A Look Now |
Agency MBS is an attractive asset class for income investors due to its cheap valuation, high quality, and diversification benefits. The option-adjusted spread for Agency MBS is elevated compared to corporate credit spreads, making it an appealing investment. There are various ways to invest in Agency MBS, including through mortgage REITs, leveraged CEFs, unleveraged ETFs, and mREIT preferreds. |
seekingalpha.com |
2023-09-05 02:06:38 |
Czytaj oryginał (ang.) |
| BKT: A Conservative Bond Fund For Income |
The average American is suffering from high inflation, causing strain on household budgets and the need for additional sources of income. Investors can earn income by purchasing shares of closed-end funds specializing in income generation, such as the BlackRock Income Trust. The BlackRock Income Trust invests in high-quality securities, primarily agency-backed residential mortgage-backed securities, and offers an impressive 8.95% yield. |
seekingalpha.com |
2023-08-11 15:24:57 |
Czytaj oryginał (ang.) |
| BKT: It Is Time To Buy Agency MBS Bonds |
BlackRock Income Trust is a fixed income closed end fund. BKT focuses on buying AAA Agency MBS bonds and leverages them up to enhance profits. |
seekingalpha.com |
2023-05-28 10:06:46 |
Czytaj oryginał (ang.) |