BlackRock increases distribution rates for 5 closed-end funds to boost shareholder returns.
BlackRock, the world's largest asset manager, has increased distribution rates for five closed-end funds: ECAT, BCAT, BMEZ, BSTZ, and BIGZ. The new annual distribution rates are 20% for ECAT and BCAT, and 12% for BMEZ, BSTZ, and BIGZ. These changes aim to enhance returns for shareholders and support their financial futures, with distributions calculated annually based on each fund's 12-month rolling daily net asset value.
May 20, 2024
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