Summary: BlackRock Closed-End Funds announced implementation of voluntary management fee waivers, effective May 1, 2024, to increase tax-exempt income to shareholders. The waiver includes an additional one-time $2 million in management/advisory fees.
Full articleSummary: BlackRock closed-end funds announced the implementation of voluntary management fee waivers to increase tax-exempt income to shareholders by waiving management fees, led by R. Glenn Hubbard, Chair of the Board. BlackRock will waive fees if certain conditions are met and will provide updates on the Funds' performance monthly.
Full articleSummary: BlackRock MuniYield Pennsylvania Quality Fund (MPA) and BlackRock California Municipal Income Trust (BFZ) announced distribution increases for June 2024 to support shareholders.
Full articleSummary: BlackRock announced increased distribution rates for certain municipal closed-end funds reflecting distribution increases, with BlackRock MuniYield Pennsylvania Quality Fund (MPA) and BlackRock California Municipal Income Trust (BFZ) showing distribution rate hikes for June 2024.
Full articleSummary: BlackRock announced a management fee waiver for certain closed-end funds effective May 1, 2024, to increase tax-exempt income to shareholders. The waiver includes waiving an additional one-time $2 million in management/advisory fees pro-rata across the funds.
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