Measurement Period Results: BlackRock's closed-end funds announced the results of their discount management programs, indicating that no tender offers will be made as the average daily discounts to net asset value (NAV) did not exceed 10% during the measurement period from January 1 to September 30, 2025.
Fund Performance Overview: The average daily discounts for various funds ranged from -2.89% to -8.63%, with only one fund, the BlackRock Utilities, Infrastructure, & Power Opportunities Trust, showing a positive premium of +1.87%.
Purpose of Programs: The discount management programs aim to manage the premium/discount to NAV, enhance long-term shareholder value, and provide liquidity for common shareholders.
Forward-Looking Statements: The press release includes forward-looking statements regarding the funds' future performance and emphasizes that actual results may differ due to various risks and uncertainties.
BlackRock ESG Capital Allocation Term Trust (the Trust), formerly BlackRock ESG Capital Allocation Trust, is a non-diversified, closed-end management investment company. The Trust's investment objectives are to provide total return and income through a combination of current income, current gains, and long-term capital appreciation. The Trust’s portfolio includes both equity and debt securities. However, the Trust may emphasize either debt securities or equity securities. In addition, the Trust may invest without limit in junk bonds, corporate loans and distressed securities. The Trust invests at least 80% of its total assets in securities that, in the Adviser’s assessment, meet certain environmental, social and governance (ESG) criteria. The Trust intends to invest up to 25% of its total assets, measured at the time of investment, in illiquid privately placed, or restricted securities. BlackRock Advisors, LLC is the Trust's investment adviser.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
