BlackRock Energy and Resources Trust (BGR) is rated Hold due to an unattractive current discount to NAV and recent underperformance. BGR yields 8.32% with monthly distributions, with nearly 59% of 2024 payouts being return of capital, impacting the tax basis. The portfolio is heavily weighted toward large-cap energy majors, with the top 10 holdings comprising ~69% of assets.
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BlackRock Energy & Resources Trust offers income and growth via a diversified portfolio of energy and natural resources equities, yielding 8.60%. BGR's strategy includes covered call writing to generate income on equity holdings. Risks include manager discretion, options limiting upside, commodity price volatility, and thin trading with persistent NAV discounts.
NEW YORK--(BUSINESS WIRE)--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYSE: BGR), BlackRock Enhanced International Dividend Trust (NYSE: BGY), BlackRock Health Sciences Trust (NYSE: BME), BlackRock Health Sciences Term Trust (NYSE: BMEZ), BlackRock Enhanced Global Dividend Trust...
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