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BKN (BlackRock Investment Quality Municipal Trust Inc.) is no longer actively trading.
This usually means the company was acquired and taken private, delisted from its exchange, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
NEW YORK--(BUSINESS WIRE)---- $BKN--BlackRock Advisors, LLC announced today each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) have completed their reorganizations (each, a “Reorganization” and collectively, the “Reorganizations”). Additionally, each of the Survivor Funds, as identified below, adopted a Discount Management Program that seeks to enhance long-term shareholder value via periodic liquidity events if certain conditions are met (see below for details). Reo.
Blackrock Investment Quality Municipal Trust (NYSE: BKN - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 10,795 shares, an increase of 462.2% from the December 31st total of 1,920 shares. Based on an average daily trading volume,
Blackrock Investment Quality Municipal Trust (NYSE: BKN - Get Free Report) announced a monthly dividend on Saturday, January 3rd. Stockholders of record on Tuesday, January 20th will be given a dividend of 0.057 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend
NEW YORK--(BUSINESS WIRE)---- $BKN--BlackRock Advisors, LLC (“BlackRock”) announced today that shareholders of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) have approved the following reorganizations (each, a “Reorganization” and collectively, the “Reorganizations”). Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality Fund II, Inc. (MQT) and BlackRock Investment Quality Municipal Trust, Inc. (BKN) with and into BlackRock MuniYie.
Cetera Investment Advisers raised its stake in Blackrock Investment Quality Municipal Trust (NYSE: BKN) by 85.3% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,575 shares of the company's stock after purchasing an additional 67,470 shares during the quarter.
I avoid funds like BKN that fund distributions with return of capital, as it risks misleading investors about true income. While the fund offers a high tax-free distribution rate, a significant portion is return of capital, not earned income, which I find problematic. Long-tenor muni bond funds like BKN inherently carry interest rate risk, but that's a normal trade-off for higher yields in this space.
BlackRock Investment Quality Municipal Trust is a closed-end fund that offers exposure to tax-exempt municipal bonds. The fund has a well-diversified portfolio with strong credit quality and a focus on capital preservation. BKN may lag behind the iShares National Muni Bond ETF due to its higher fees and use of leverage, but it offers tax advantages for investors.
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.
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.