BHK Overview

Distribution Announcements: BlackRock has announced distributions for various closed-end funds, including municipal, taxable municipal, taxable fixed income, equity, and multi-asset funds, with declaration dates set for November 3, 2025, and payable dates on November 28, 2025.

Managed Distribution Plans: The BlackRock Capital Allocation Term Trust and BlackRock ESG Capital Allocation Term Trust have adopted managed distribution plans to maintain a consistent monthly distribution of income, capital gains, and/or return of capital, calculated based on their 12-month rolling average daily net asset value.

Estimated Sources of Distributions: The estimated sources of distributions for the funds include net income, net realized short-term gains, net realized long-term gains, and return of capital, with many funds expected to distribute more than their income and gains, indicating a potential return of capital.

Forward-Looking Statements: BlackRock cautions that forward-looking statements regarding the funds' performance and distributions are subject to various risks and uncertainties, and actual results may differ significantly from those anticipated.

Distribution Details: BlackRock's various funds have announced distributions per share for October 31, 2025, with amounts varying by fund, such as $0.284800 for ECAT and $0.069700 for BCX.

Managed Distribution Plan: Each fund has adopted a managed distribution plan to ensure consistent monthly distributions, which may include net income, capital gains, or return of capital, depending on available resources.

Estimated Sources of Distributions: The distributions are primarily sourced from net income, realized gains, and return of capital, with many funds indicating that a portion of their distributions may be a return of capital.

Performance and Regulatory Compliance: The funds' performance metrics, including average annual total returns and distribution rates, are provided, and the funds are subject to ongoing review by their Boards to ensure compliance with regulatory requirements.