BlackRock Is Quietly Boosting These 3 Big Closed-End Funds [Forbes]
BlackRock Science and Technology Trust Common Shares of Beneficial Interest (BST)
NASDAQ:AMEX Investor Relations:
blackrock.com/investing/products/270141/blackrock-science-and-technology-trust-fund
Company Research
Source: Forbes
"Il Salone del Risparmio" is the Italian largest event in the asset management industry. (Photo by Emanuele Cremaschi/Getty Images) Getty Images One often-overlooked way for closed-end funds (CEFs) to give us a profit boost is for management to buy back a fund's shares. By now, buybacks are probably familiar to most investors: With “regular” stocks, buybacks reduce a company's share count, which boosts earnings per share and other per-share metrics, indirectly boosting share prices along the way. With CEFs, buybacks have a bit of a different effect. With these high-yielding funds, we want to focus instead on how buybacks affect the discount to net asset value (NAV, or the value of a CEF's underlying portfolio). Buybacks, Fixed Share Counts Help Management “Control” CEF Discounts Members of my CEF Insider service know that we love discounts to NAV because they're the primary indicator of CEF value. We can buy discounted CEFs, then “ride along” as the discount closes, propel
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News
- Certain BlackRock Funds Announce Expiration and Preliminary Results of Tender Offers [Yahoo! Finance]Yahoo! Finance
- Dividend Investor Earns $300K Per Year On $4.4M Investment: Their Top 10 Picks [Yahoo! Finance]Yahoo! Finance
- BST: Get Paid An 8.4% Yield For Owning Tech Stocks [Seeking Alpha]Seeking Alpha
- BST's Widening Discount Is Attractive As The Outlook Brightens [Seeking Alpha]Seeking Alpha
- BSTZ Continues To Outperform BST And Here's Why [Seeking Alpha]Seeking Alpha
BST
Sec Filings
- 10/29/24 - Form 4
- 9/5/24 - Form N-CSRS
- 8/27/24 - Form N-PX
- BST's page on the SEC website