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CEFs fell this week: 7 of 26 sectors rose on price (average -0.88%) and 12 of 26 on NAV (average -0.30%); munis led while convertibles lagged. DMA announced a buyback and +2.2% distribution raise as it entered its term measurement period; ASGI's rights offering was about 34% subscribed at $19.28. At the fund level, NMS (+5.11%) led on price and KF fell the most (-15.39%); on NAV, BGR (+4.62%) led while KF dropped -16.09%.
Seven presentations include pediatric Phase 4 studies of AZSTARYS® (Serdexmethylphenidate/dexmethylphenidate) CII and real-world research of JORNAY PM® (Delayed-Release/Extended-Release Methylphenidate) CII in adults and impact on caregivers Seven presentations include pediatric Phase 4 studies of AZSTARYS® (Serdexmethylphenidate/dexmethylphenidate) CII and real-world research of JORNAY PM® (Delayed-Release/Extended-Release Methylphenidate) CII in adults and impact on caregivers
BlackRock Enhanced Capital and Income Fund is rated a buy, supported by robust NAV growth, strong fundamentals, and a 7.2% yield. CII's option-writing strategy generates income and offers resilience in rangebound markets, but caps upside during strong rallies and exposes the fund to sector drawdowns. The portfolio is heavily weighted to large-cap technology leaders; upcoming earnings and hyperscaler capex guidance are critical catalysts for CII's near-term performance.
The BlackRock Enhanced Large Cap Core Fund (CII) offers a 7.25% yield via a covered call strategy on a tech-heavy U.S. equity portfolio. CII outperformed the S&P 500 on a total return basis over two years, but its performance is highly reliant on distributions and recent share price outperformance. The fund's income is primarily generated from option premiums rather than dividends, with realized gains fully covering distributions in the latest period.
CEFs were mixed this week: 10 of 26 sectors rose on price (average -0.02%) and 15 of 26 on NAV (average +0.15%); MLPs led while Senior Loans lagged. Senior Loans had both the widest sector discount (-16.67%) and the highest sector yield (15.87%); the average sector discount is -8.31%. At the fund level, CCD (+6.84%) led on price, and EARN (-15.38%) fell the most, while UTG (+4.61%) led on NAV.
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.
BlackRock Enhanced Large Cap Core Fund trades at a slight 1% premium, making new purchases less attractive but not warranting a "Sell." I continue to "Hold" CII for its 7.32% yield and monthly distributions but favor alternatives for new capital due to its wider discount. CII's portfolio is concentrated in 37 holdings, overweight tech, and relies on capital gains and options writing to fund distributions.