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 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.
Full articleSummary: Van ECK Associates Corp increased its stake in BlackRock Municipal Income Quality Trust by 12.1% during the 4th quarter, while other institutional investors also adjusted their holdings. The company announced a monthly dividend of $0.052 per share with an annualized dividend yield of 5.55%.
Full articleSummary: IRSA Inversiones y Representaciones S.A. announced results for the third quarter of fiscal year 2024, reporting a significant loss in net result compared to the previous year but showing growth in rental adjusted EBITDA. Real tenant sales in shopping malls decreased due to inflation and consumption drop. The company approved a cash dividend for distribution in May 2024.
Full articleSummary: Raymond James & Associates raised its holdings in BlackRock Municipal Income Quality Trust by 6.2% in the 4th quarter. Several other hedge funds also added to their stakes in the business. BlackRock Municipal Income Quality Trust Stock Up 0.3%.
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