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Enterprise to Participate in Investor Conference

Enterprise to Participate in Investor Conference

HOUSTON–(BUSINESS WIRE)–
Enterprise Products Partners L.P. (NYSE: EPD) announced today that it will participate in the U.S. Capital Advisors Midstream Corporate Access Day on Wednesday, April 2, 2025, in Houston, Texas.

The latest investor deck, which includes the partnership’s updated Fundamentals outlook and may be used to facilitate upcoming investor meetings, can be accessed under the Investors tab on the Enterprise website.

Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and marine terminals; crude oil gathering, transportation, storage and marine terminals; petrochemical and refined products transportation, storage and marine terminals; and a marine transportation business that operates on key U.S. inland and intracoastal waterway systems. The partnership’s assets currently include more than 50,000 miles of pipelines; over 300 million barrels of storage capacity for NGLs, crude oil, petrochemicals and refined products; and 14 billion cubic feet of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.

Libby Strait, Investor Relations, (713) 381-4754, [email protected]

Rick Rainey, Media Relations, (713) 381-3635, [email protected]

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS: Energy Other Energy Oil/Gas

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Certain BlackRock Closed-End Funds Announce Tender Offer in Conjunction with Results of the Quarterly Measurement Period of their Discount Management Programs

Certain BlackRock Closed-End Funds Announce Tender Offer in Conjunction with Results of the Quarterly Measurement Period of their Discount Management Programs

NEW YORK–(BUSINESS WIRE)–
The BlackRock closed-end funds (the “Funds”) listed below announced today the results of the Quarterly Measurement Period (as defined below) under their previously announced discount management programs (the “Programs”). Funds with a Trigger Event (as defined below) at the end of the Quarterly Measurement Period also announced the dates of tender offers. The Programs are part of the Funds’ ongoing efforts to manage discounts and enhance long-term shareholder value and provide liquidity to the market for their common shareholders. There can be no assurances as to the effect that a Program will have on the market for a Fund’s shares or the discount at which a Fund’s shares may trade relative to its NAV.

As previously announced, under the Programs, each Fund intends to offer to repurchase a portion of its outstanding common shares based on 3-month measurement periods (each a “Measurement Period”) if the Fund’s common shares trade at an average daily discount to net asset value (“NAV”) of greater than 7.50% during a Measurement Period (a “Trigger Event”). The Funds’ Measurement Period commenced on January 1, 2025 and ended on March 31, 2025 (the “Quarterly Measurement Period”). The average daily discount to NAV for each of the Funds during the Quarterly Measurement Period is summarized below.

This is the final Quarterly Measurement Period for the funds below (excluding MVF). As announced on February 28, 2025, the annual Discount Management Program is still in effect.

Press Release:Certain BlackRock Closed-End Funds Announce Renewal of Discount Management Programs.

 

Quarterly Measurement Period Discount Results for the Funds in the Program

 

Fund Name

Ticker

Average Daily Discount for the Measurement Period ended March 31, 2025

BlackRock Capital Allocation Term Trust

BCAT

-5.77%

BlackRock ESG Capital Allocation Term Trust

ECAT

-4.41%

BlackRock Science and Technology Term Trust

BSTZ

-8.50%

BlackRock Enhanced Global Dividend Trust

BOE

-9.12%

BlackRock Energy and Resources Trust

BGR

-5.73%

BlackRock Enhanced International Dividend Trust

BGY

-8.66%

BlackRock Enhanced Large Cap Core Fund, Inc.

CII

-6.73%

BlackRock Enhanced Equity Dividend Trust

BDJ

-5.42%

BlackRock Science and Technology Trust

BST

-5.15%

BlackRock Health Sciences Trust

BME

-6.82%

BlackRock Resources & Commodities Strategy Trust

BCX

-8.92%

BlackRock MuniVest Fund, Inc.

MVF

-7.54%

BlackRock Utilities, Infrastructure, & Power Opportunities Trust

BUI

0.25%

The Funds’ Boards of Directors/Trustees (the “Boards”) determined that if a Trigger Event occurred during the Quarterly Measurement Period with respect to a Fund, the Fund would offer to repurchase a portion of its outstanding common shares by conducting a tender offer for 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV per share as determined as of the close of the regular trading session of the New York Stock Exchange (“NYSE”) on the next day the NAV is calculated after the expiration date of the tender offer or, if the offer is extended, on the next day the NAV is calculated after the day to which the offer is extended. As a result of the occurrence of a Trigger Event during the Quarterly Measurement Period with respect to each of the following Funds, the Board of each such Fund has authorized the Fund’s tender offer with the anticipated commencement and expiration dates outlined below.

Event

BOE, BCX

BGY, BSTZ, MVF

Tender Offer Commencement Date

Wednesday,

April 16, 2025

Thursday,

April 17, 2025

Tender Offer Expiration Date and Time

Monday, May 19, 2025 at 5:00 p.m. Eastern Time, unless otherwise extended

Tuesday, May 20, 2025 at 5:00 p.m. Eastern Time, unless otherwise extended

If more than 2.5% of a Fund’s outstanding common shares are tendered, the Fund will purchase its shares from tendering shareholders on a pro rata basis at a price equal to 98% of the Fund’s NAV per share as determined as of the close of the regular trading session of the NYSE on the next day the NAV is calculated after the expiration date of the tender offer (or, if the offer is extended, on the next day the NAV is calculated after the day to which the offer is extended). Accordingly, there is no assurance that a Fund will purchase all of a shareholder’s common shares tendered in the tender offer. Payments for shares tendered and accepted are expected to be made within approximately five business days after the expiration date.

The terms and conditions of each Fund’s tender offer will be set forth in an Offer to Purchase, a related Letter of Transmittal, and related documents, which will be distributed to the respective Fund’s common shareholders. As soon as its tender offer commences, each Fund will file a Tender Offer Statement on Schedule TO with the U.S. Securities and Exchange Commission (the “SEC”), which will include an Offer to Purchase and related Letter of Transmittal.

IMPORTANT NOTICE

This press release is for informational purposes only and is not a recommendation, an offer to purchase or a solicitation of an offer to sell any securities of the Funds and the above statements are not intended to constitute an offer to participate in any tender offer. Any offer to purchase Fund common shares will be made pursuant to an offer on Schedule TO. COMMON SHAREHOLDERS ARE URGED TO READ THE TENDER OFFER MATERIALS, INCLUDING THE OFFER TO PURCHASE AND ANY SOLICITATION/RECOMMENDATION STATEMENT REGARDING THE TENDER OFFER, AS THEY MAY BE AMENDED OR SUPPLEMENTED FROM TIME TO TIME, WHEN THEY ARE FILED AND BECOME AVAILABLE, BECAUSE THEY CONTAIN IMPORTANT INFORMATION THAT HOLDERS OF COMMON SHARES SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SHARES. Common shareholders may obtain a free copy of any of these statements and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to the applicable Fund.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Funds’ or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Funds’ net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Finance

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Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK–(BUSINESS WIRE)–
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.

Municipal Funds:

National Funds

Ticker

Distribution

 

Declaration- 4/1/2025 Ex-Date- 4/15/2025 Record- 4/15/2025 Payable- 5/1/2025

 

Ticker

Distribution

Change From Prior Distribution
 

BlackRock Municipal Income Quality Trust*

 BYM

$0.055500

–

BlackRock Long-Term Municipal Advantage Trust*

BTA

$0.049500

–

BlackRock MuniAssets Fund, Inc.*

MUA

$0.055500

–

BlackRock Municipal Income Trust*

BFK

$0.050000

–

BlackRock Investment Quality Municipal Trust, Inc.*

BKN

$0.057000

–

BlackRock Municipal Income Trust II*

BLE

$0.054000

–

BlackRock Municipal 2030 Target Term Trust

BTT

$0.046400

–

BlackRock MuniHoldings Fund*

MHD

$0.059500

–

BlackRock MuniYield Quality Fund II, Inc.*

MQT

$0.051000

–

BlackRock MuniYield Quality Fund, Inc.*

MQY

$0.058000

–

BlackRock MuniHoldings Quality Fund II, Inc.*

MUE

$0.051000

–

BlackRock MuniVest Fund II, Inc.*

MVT

$0.054000

–

BlackRock MuniYield Fund, Inc.*

MYD

$0.054500

–

BlackRock MuniYield Quality Fund III, Inc.*

MYI

$0.055500

–

BlackRock MuniVest Fund, Inc.*

MVF

$0.036000

–

BlackRock 2037 Municipal Target Term Trust

BMN

$0.093750

–

 

State-Specific Funds

Ticker

Distribution

Change From Prior Distribution
 

BlackRock MuniHoldings California Quality Fund, Inc.*

MUC

$0.053500

–

BlackRock California Municipal Income Trust*

BFZ

$0.059000

–

BlackRock MuniYield Michigan Quality Fund, Inc.*

MIY

$0.054500

–

BlackRock MuniHoldings New Jersey Quality Fund, Inc.*

MUJ

$0.054000

–

BlackRock MuniHoldings New York Quality Fund, Inc.*

MHN

$0.051500

–

BlackRock MuniYield New York Quality Fund, Inc.*

MYN

$0.051200

–

BlackRock New York Municipal Income Trust*

BNY

$0.051000

–

BlackRock MuniYield Pennsylvania Quality Fund*

MPA

$0.066000

–

BlackRock Virginia Municipal Bond Trust*

BHV

$0.051500

–

Taxable Municipal Fund:

Declaration- 4/1/2025 Ex-Date- 4/15/2025 Record- 4/15/2025 Payable- 4/30/2025

Fund

Ticker

Distribution

Change From Prior Distribution
 

BlackRock Taxable Municipal Bond Trust*

BBN

$0.092900

–

Taxable Fixed Income Funds:

Declaration- 4/1/2025 Ex-Date- 4/15/2025 Record- 4/15/2025 Payable- 4/30/2025

Fund

Ticker

Distribution

Change From Prior Distribution
 

BlackRock Floating Rate Income Trust*

BGT

$0.120280

–

BlackRock Core Bond Trust*

BHK

$0.074600

–

BlackRock Multi-Sector Income Trust*

BIT

$0.123700

–

BlackRock Income Trust, Inc.*

BKT

$0.088200

–

BlackRock Limited Duration Income Trust*

BLW

$0.113200

–

BlackRock Credit Allocation Income Trust*

BTZ

$0.083900

–

BlackRock Debt Strategies Fund, Inc.*

DSU

$0.098730

–

BlackRock Floating Rate Income Strategies Fund, Inc.*

FRA

$0.123840

–

BlackRock Corporate High Yield Fund, Inc.*

HYT

$0.077900

–

Equity Funds:

Declaration- 4/1/2025 Ex-Date- 4/15/2025 Record- 4/15/2025 Payable- 4/30/2025

Fund

Ticker

Distribution

Change From Prior

Distribution
 

BlackRock Resources & Commodities Strategy Trust*

BCX

$0.069700

–

BlackRock Enhanced Equity Dividend Trust

BDJ

$0.061900

–

BlackRock Energy and Resources Trust*

BGR

$0.097300

–

BlackRock Enhanced International Dividend Trust*

BGY

$0.042600

–

BlackRock Health Sciences Trust*

BME

$0.262100

–

BlackRock Health Sciences Term Trust*

BMEZ

$0.173970

(0.002330)

BlackRock Enhanced Global Dividend Trust*

BOE

$0.082700

–

BlackRock Utilities, Infrastructure & Power Opportunities Trust*

BUI

$0.136000

–

BlackRock Enhanced Large Cap Core Fund, Inc.*

CII

$0.141000

–

BlackRock Science and Technology Trust*

BST

$0.250000

–

BlackRock Science and Technology Term Trust*

BSTZ

$0.221810

(0.001240)

BlackRock Technology and Private Equity Term Trust*

BTX

$0.084470

(0.001680)

Multi-Asset Funds:

Declaration- 4/1/2025 Ex-Date- 4/15/2025 Record- 4/15/2025 Payable- 4/30/2025

Fund

Ticker

Distribution

Change From Prior

Distribution
 

BlackRock Capital Allocation Term Trust*

BCAT

$0.284750

(0.002480)

BlackRock ESG Capital Allocation Term Trust*

ECAT

$0.303590

(0.002690)

* In order to comply with the requirements of Section 19 of the Investment Company Act of 1940, as amended (the “1940 Act”), each of the Funds noted above posted to the DTC bulletin board and sent to its shareholders of record as of the applicable record date a Section 19 notice with the previous distribution payment. The Section 19 notice was provided for informational purposes only and not for tax reporting purposes. This information can be found in the “Closed-End Funds” section of www.blackrock.com. As applicable, the final determination of the source and tax characteristics of all distributions in 2025 will be made after the end of the year.

BlackRock Capital Allocation Term Trust (NYSE: BCAT), BlackRock ESG Capital Allocation Term Trust (NYSE: ECAT), BlackRock Science and Technology Term Trust (NYSE: BSTZ), BlackRock Health Sciences Term Trust (NYSE: BMEZ) and BlackRock Technology and Private Equity Term Trust (NYSE: BTX) have adopted a managed distribution plan (a “Plan”) to support a level monthly distribution of income, capital gains and/or return of capital, or in the case of BMEZ, BSTZ, BTX, ECAT and BCAT a monthly distribution based on an annual rate of 12% (for BMEZ, BSTZ and BTX) and 20% (for ECAT and BCAT) of the Fund’s 12-month rolling average daily net asset value calculated 5 business days prior to declaration date of each distribution. The April 2025 distribution for each of BMEZ, BSTZ, BTX, ECAT and BCAT was calculated based on the average net asset value from 3/25/2024 through 3/24/2025. Below are the 12-month rolling average daily net asset values used to calculate BMEZ, BSTZ, BTX, ECAT and BCAT’s April distributions:

BMEZ: $17.396920

BSTZ: $22.180760

BTX: $8.446080

ECAT: $18.214880

BCAT: $17.084760

The fixed amounts distributed per share or distribution rate, as applicable, are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available investment income to its shareholders, consistent with its investment objectives and as required by the Internal Revenue Code of 1986, as amended (the “Code”). If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its shareholders in order to maintain a level distribution.

Each Fund’s estimated sources of the distributions paid as of March 31, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of March 31, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.069700

$0.040443 (58%)

$0 (0%)

$0 (0%)

$0.029257 (42%)

BDJ1

$0.061900

$0.017107 (28%)

$0 (0%)

$0 (0%)

$0.044793 (72%)

BGR1

$0.097300

$0.013323 (14%)

$0 (0%)

$0 (0%)

$0.083977 (86%)

BGY1

$0.042600

$0 (0%)

$0 (0%)

$0 (0%)

$0.042600 (100%)

BME

$0.262100

$0.007446 (3%)

$0 (0%)

$0.254654 (97%)

$0 (0%)

BMEZ1

$0.176300

$0 (0%)

$0 (0%)

$0 (0%)

$0.176300 (100%)

BOE1

$0.082700

$0.016158 (20%)

$0 (0%)

$0 (0%)

$0.066542 (80%)

BUI1

$0.136000

$0.015342 (11%)

$0.120658 (89%)

$0 (0%)

$0 (0%)

CII

$0.141000

$0.001783 (1%)

$0 (0%)

$0.139217 (99%)

$0 (0%)

BST1

$0.250000

$0 (0%)

$0 (0%)

$0.250000 (100%)

$0 (0%)

BSTZ

$0.223050

$0 (0%)

$0.025777 (12%)

$0.197273 (88%)

$0 (0%)

BTX1

$0.086150

$0 (0%)

$0 (0%)

$0 (0%)

$0.086150 (100%)

BCAT1

$0.287230

$0.032707 (11%)

$0 (0%)

$0 (0%)

$0.254523 (89%)

ECAT1

$0.306280

$0.017283 (6%)

$0 (0%)

$0 (0%)

$0.288997 (94%)

Estimated Allocations for the Fiscal Year through March 31, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BCX1

$0.209100

$0.062983 (30%)

$0 (0%)

$0 (0%)

$0.146117 (70%)

BDJ

$0.185700

$0.185700 (100%)

$0 (0%)

$0 (0%)

$0 (0%)

BGR1

$0.291900

$0.100094 (34%)

$0 (0%)

$0 (0%)

$0.191806 (66%)

BGY1

$0.127800

$0.001421 (1%)

$0 (0%)

$0 (0%)

$0.126379 (99%)

BME

$0.786300

$0.007320 (1%)

$0 (0%)

$0.778980 (99%)

$0 (0%)

BMEZ1

$0.531790

$0 (0%)

$0 (0%)

$0 (0%)

$0.531790 (100%)

BOE1

$0.248100

$0.020832 (8%)

$0 (0%)

$0 (0%)

$0.227268 (92%)

BUI1

$0.408000

$0.036842 (9%)

$0.160798 (39%)

$0.159227 (39%)

$0.051133 (13%)

CII

$0.423000

$0 (0%)

$0 (0%)

$0.423000 (100%)

$0 (0%)

BST1

$0.750000

$0 (0%)

$0 (0%)

$0.593064 (79%)

$0.156936 (21%)

BSTZ

$0.664710

$0 (0%)

$0.025777 (4%)

$0.638933 (96%)

$0 (0%)

BTX1

$0.259530

$0 (0%)

$0 (0%)

$0 (0%)

$0.259530 (100%)

BCAT1

$0.864550

$0.039372 (5%)

$0 (0%)

$0 (0%)

$0.825178 (95%)

ECAT1

$0.920640

$0.017283 (2%)

$0 (0%)

$0 (0%)

$0.903357 (98%)

1The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 2/28/2025

Annualized current distribution rate expressed as a percentage of NAV as of 2/28/2025

Cumulative total return (in relation to NAV) for the fiscal year through 2/28/2025

Cumulative fiscal year distributions as a percentage of NAV as of 2/28/2025

BCX

13.12%

8.41%

5.46%

1.40%

BDJ

11.07%

7.94%

5.11%

1.32%

BGR

14.27%

8.27%

3.96%

1.38%

BGY

8.64%

8.33%

5.48%

1.39%

BME

8.96%

7.27%

6.31%

1.21%

BMEZ

5.13%

13.01%

1.15%

2.19%

BOE

10.16%

8.02%

4.17%

1.34%

BUI

8.37%

7.19%

1.37%

1.20%

CII

14.11%

7.84%

2.14%

1.31%

BST

12.12%

7.85%

(2.22%)

1.31%

BSTZ

10.65%

12.24%

(3.49%)

2.02%

BTX*

(13.76%)

13.53%

(6.64%)

2.27%

BCAT*

5.55%

21.18%

2.75%

3.55%

ECAT*

7.29%

21.16%

2.59%

3.54%

* Portfolio launched within the past 5 years; the performance and distribution rate information presented for this Fund reflects data from inception to 2/28/2025.

Shareholders should not draw any conclusions about a Fund’s investment performance from the amount of the Fund’s current distributions or from the terms of the Fund’s Plan.

BlackRock Debt Strategies Fund, Inc. (NYSE: DSU), BlackRock Floating Rate Income Strategies Fund, Inc. (NYSE: FRA), BlackRock Floating Rate Income Trust (NYSE: BGT), BlackRock Corporate High Yield Fund, Inc. (NYSE: HYT), BlackRock Credit Allocation Income Trust (NYSE: BTZ), BlackRock Limited Duration Income Trust (NYSE: BLW), BlackRock Core Bond Trust (NYSE: BHK), BlackRock Multi-Sector Income Trust (NYSE: BIT), BlackRock Income Trust, Inc. (NYSE: BKT) and BlackRock Taxable Municipal Bond Trust (NYSE: BBN) have adopted a Plan to support a level monthly distribution of income, capital gains and/or return of capital. The fixed amounts distributed per share are subject to change at the discretion of each Fund’s Board of Directors/Trustees. Under its Plan, each Fund will distribute all available net income to its shareholders, consistent with its investment objectives and as required by the Code. If sufficient income (inclusive of net investment income and short-term capital gains) is not available on a monthly basis, a Fund will distribute long-term capital gains and/or return capital to its stockholders in order to maintain a level distribution. Each of the above-listed Funds is currently not relying on any exemptive relief from Section 19(b) of the Investment Company Act of 1940, as amended (the “1940 Act”). Each Fund expects that distributions under the Plan will exceed current income and capital gains and therefore will likely include a return of capital. Each Fund may make additional distributions from time to time, including additional capital gain distributions at the end of the taxable year, if required to meet requirements imposed by the Code and/or the 1940 Act.

Each Fund’s estimated sources of the distributions paid as of February 28, 2025 and for its current fiscal year are as follows:

Estimated Allocations as of March 31, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.088200

$0.037406 (42%)

$0 (0%)

$0 (0%)

$0.050794 (58%)

DSU2

$0.098730

$0.056938 (58%)

$0 (0%)

$0 (0%)

$0.041792 (42%)

FRA2

$0.123840

$0.071503 (58%)

$0 (0%)

$0 (0%)

$0.052337 (42%)

BBN2

$0.092900

$0.074139 (80%)

$0 (0%)

$0 (0%)

$0.018761 (20%)

BGT2

$0.120280

$0.067651 (56%)

$0 (0%)

$0 (0%)

$0.052629 (44%)

HYT2

$0.077900

$0.055402 (71%)

$0 (0%)

$0 (0%)

$0.022498 (29%)

BTZ2

$0.083900

$0.054273 (65%)

$0 (0%)

$0 (0%)

$0.029627 (35%)

BLW2

$0.113200

$0.081283 (72%)

$0 (0%)

$0 (0%)

$0.031917 (28%)

BHK2

$0.074600

$0.049454 (66%)

$0 (0%)

$0 (0%)

$0.025146 (34%)

BIT2

$0.123700

$0.072089 (58%)

$0 (0%)

$0 (0%)

$0.051611 (42%)

 

Estimated Allocations for the Fiscal Year through March 31, 2025

Fund

Distribution

Net Income

Net Realized Short-Term Gains

Net Realized Long-Term Gains

Return of Capital

BKT2

$0.264600

$0.117944 (45%)

$0 (0%)

$0 (0%)

$0.146656 (55%)

DSU2

$0.296190

$0.184085 (62%)

$0 (0%)

$0 (0%)

$0.112105 (38%)

FRA2

$0.371520

$0.242686 (65%)

$0 (0%)

$0 (0%)

$0.128834 (35%)

BBN2

$0.278700

$0.242847 (87%)

$0 (0%)

$0 (0%)

$0.035853 (13%)

BGT2

$0.360840

$0.220362 (61%)

$0 (0%)

$0 (0%)

$0.140478 (39%)

HYT2

$0.233700

$0.174009 (74%)

$0 (0%)

$0 (0%)

$0.059691 (26%)

BTZ2

$0.251700

$0.173944 (69%)

$0 (0%)

$0 (0%)

$0.077756 (31%)

BLW2

$0.339600

$0.257357 (76%)

$0 (0%)

$0 (0%)

$0.082243 (24%)

BHK2

$0.223800

$0.149805 (67%)

$0 (0%)

$0 (0%)

$0.073995 (33%)

BIT2

$0.371100

$0.226040 (61%)

$0 (0%)

$0 (0%)

$0.145060 (39%)

2The Fund estimates that it has distributed more than its income and net-realized capital gains in the current fiscal year; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income’. When distributions exceed total return performance, the difference will reduce the Fund’s net asset value per share.

The amounts and sources of distributions reported are only estimates and are being provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon each Fund’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. Each Fund will send its stockholders a Form 1099-DIV for the calendar year that will illustrate how to report these distributions for federal income tax purposes.

Fund Performance and Distribution Rate Information:

Fund

Average annual total return (in relation to NAV) for the 5-year period ending on 2/28/2025

Annualized current distribution rate expressed as a percentage of NAV as of 2/28/2025

Cumulative total return (in relation to NAV) for the fiscal year through 2/28/2025

Cumulative fiscal year distributions as a percentage of NAV as 2/28/2025

BKT

(1.64%)

8.79%

3.48%

1.47%

DSU

6.69%

11.26%

0.82%

1.88%

FRA

6.90%

11.67%

0.60%

1.95%

BBN

(1.65%)

6.30%

4.35%

1.05%

BGT

7.03%

11.62%

0.72%

1.94%

HYT

5.98%

9.62%

2.13%

1.60%

BTZ

2.75%

8.85%

2.45%

1.48%

BLW

5.14%

9.65%

1.83%

1.61%

BHK

(1.20%)

8.48%

4.00%

1.41%

BIT

6.75%

10.23%

1.71%

1.71%

No conclusions should be drawn about a Fund’s investment performance from the amount of the Fund’s distributions or from the terms of the Fund’s Plan.

The amount distributed per share under a Plan is subject to change at the discretion of the applicable Fund’s Board. Each Plan will be subject to ongoing review by the Board to determine whether the Plan should be continued, modified or terminated. The Board may amend the terms of a Plan or suspend or terminate a Plan at any time without prior notice to the Fund’s shareholders if it deems such actions to be in the best interest of the Fund or its shareholders. The amendment or termination of a Plan could have an adverse effect on the market price of the Fund’s shares.

About BlackRock

BlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate.

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as “trend,” “potential,” “opportunity,” “pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,” “intention,” “estimate,” “position,” “assume,” “outlook,” “continue,” “remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (“SEC”) are accessible on the SEC’s website at www.sec.govand on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.

1-800-882-0052

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Banking Professional Services Finance

MEDIA:

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i-80 Gold Files Technical Reports for its Cove, Ruby Hill, Granite Creek and Lone Tree Properties

PR Newswire


RENO, Nev.
, April 1, 2025 /PRNewswire/ – i-80 GOLD CORP. (TSX: IAU) (NYSE: IAUX) (“i-80”, or the “Company”) is pleased to announce that it has filed on SEDAR+ independent technical reports in respect of its Cove Project, Ruby Hill Projects, Granite Creek Projects and Lone Tree Project.

The technical reports have been filed in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects and Regulation S-K 1300. Copies of the technical reports are available under the Company’s issuer profile on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov).

The independent technical report in respect of the Cove Project entitled “NI43-101 Preliminary Economic Assessment for the Cove Project, Lander County, Nevada” is dated March 31, 2025, with an effective date of December 31, 2024, was prepared by Dagny Odell, P.E and Laura Symmes, SME of Practical Mining LLC and Tommaso Roberto Raponi, P. Eng of TR Raponi Consulting Ltd., and supports the disclosure made by the Company in its news release dated February 12, 2025.

The independent technical report in respect of the Ruby Hill Projects (consisting of the Archimedes Underground Project and the Mineral Point Open Pit Project) entitled “NI 43-101 Technical Report, Preliminary Economic Assessment of the i-80 Gold Corp. Ruby Hill Project, Eureka County NV” is dated March 31, 2025, with an effective date of December 31, 2024, was prepared by Aaron Amoroso, MMSA QP, Brendan Fetter, P.E., SME-RM, and Jonathan R. Heiner, P.E., SME-RM of Forte Dynamics, Inc., Dagny Odell, P.E., SME-RM and Laura Symmes, SME-RM of Practical Mining LLC and Tommaso Roberto Raponi, P. Eng., SME-RM of TR Raponi Consulting Ltd., and supports the disclosure made by the Company in its news releases dated February 18, 2025 and February 21, 2025.

The independent technical report in respect of the Granite Creek Projects (consisting of the Granite Creek Underground Project and the Granite Creek Open Pit Project) entitled “Preliminary Economic Assessment, NI 43-101 Technical Report, Granite Creek Mine Project, Humboldt County, Nevada, USA” is dated March 31, 2025, with an effective date of December 31, 2024, was prepared by Terre Lane, MMSA, SME, Dr. Todd Harvey, PhD, P.E., SME, Dr. Hamid Samari, PhD, MMSA, and Larry Breckenridge, P.E., of Global Resource Engineering, Ltd., Dagny Odell, P.E. and Laura Symmes, SME of Practical Mining LLC and Tommaso Roberto Raponi, P. Eng. of TR Raponi Consulting Ltd., and supports the disclosure made by the Company in the news releases dated March 5, 2025 and March 6, 2025.

The independent technical report in respect of the Lone Tree Project entitled “Technical Report on the Mineral Resource Estimates for the Lone Tree Deposit, Nevada” is dated March 28, 2025, with an effective date of December 31, 2024, was prepared by Abani R. Samal, RM-SME and Paul A. Gates, P.E. of GeoGlobal LLC and Brian Arthur, RM-SME of Brian Arthur Consulting Metallurgy LLC, and supports the disclosure made by the Company in its Annual Report on Form 10-K for the year ended December 31, 2024.

About i-80 Gold Corp.

i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a new development plan to advance its high-quality asset portfolio. The Company is the fourth largest gold mineral resource holder in the state with a pipeline of high-grade development and production-stage projects strategically located in Nevada’s most prolific gold-producing trends. Leveraging its fully permitted central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth. i-80 Gold’s shares are listed on the Toronto Stock Exchange (TSX: IAU) and the NYSE American (NYSE: IAUX). For more information, visit www.i80gold.com.

FORMARD LOOKING INFORMATION

Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws, including but not limited to, statements regarding: the production and economic potential of the Company’s mineral resource properties; the estimation of mineral resources and/or mineral reserves; the Company’s recapitalization plan; and the Company’s other future plans and expectations. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the Company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to: material adverse changes, unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to i-80’s filings with Canadian securities regulators, including the most recent Annual Report on Form 10-K, available on SEDAR+ (www.sedarplus.ca) and EDGAR (www.sec.gov).

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/i-80-gold-files-technical-reports-for-its-cove-ruby-hill-granite-creek-and-lone-tree-properties-302417632.html

SOURCE i-80 Gold Corp

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Sizzle Acquisition Corp. II Announces the Pricing of $200,000,000 Initial Public Offering


Each Unit Includes One Class A Ordinary Share and



One Share Right to Receive 1/10th of a Class A Ordinary Share

New York, NY, April 01, 2025 (GLOBE NEWSWIRE) — Sizzle Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering of 20,000,000 units at a price of $10.00 per unit. The units are expected to be listed on the Nasdaq Global Market (“Nasdaq”) and begin trading tomorrow, April 2, 2025, under the ticker symbol “SZZLU.” Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one tenth (1/10) of one Class A ordinary share upon the consummation of an initial business combination. An amount equal to $10.00 per unit will be deposited into a trust account upon the closing of the offering. Once the securities constituting the units begin separate trading, the Class A ordinary shares and Share Rights are expected to be listed on Nasdaq under the symbols “SZZL” and “SZZLR,” respectively. The offering is expected to close on April 3, 2025, subject to customary closing conditions. The Company has granted the underwriters a 45-day option to purchase up to an additional 3,000,000 units at the initial public offering price to cover over-allotments, if any.

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The Company may pursue an acquisition opportunity in any business or industry or at any stage of its corporate evolution. The Company’s primary focus, however, will be on the industries of restaurant, hospitality, food and beverage, retail, consumer, food and food related technology, real estate industries such as “proptech”, mining, professional sports teams, airlines and technology. The Company intends to pursue completing a business combination with an established business of scale poised for continued growth, led by a highly regarded management team.

The Company’s management team is led by Steve Salis, its Chief Executive Officer and Chairman of the Board of Directors (the “Board”), Jamie Karson, its Non-Executive Vice-Chairman of the Board and Daniel Lee, its Chief Financial Officer and Head of Business and Corporate Development. The Board also includes Neil Leibman, Warren Thompson and David Perlin.

Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering.

The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 499 Park Avenue, 5th Floor New York, New York 10022, or by email at [email protected].

A registration statement relating to the securities has been filed with the U.S. Securities and Exchange Commission (“SEC”) and became effective on April 1, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and prospectus for the Company’s initial public offering filed with the SEC. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company Contact:

Sizzle Acquisition Corp. II
Sheena Lajoie
[email protected]



Posted on

Realty Income Prices $600 Million Offering of Senior Notes Due 2035

PR Newswire


SAN DIEGO
, April 1, 2025 /PRNewswire/ — Realty Income Corporation (Realty Income, NYSE: O), The Monthly Dividend Company®, today announced the pricing of a public offering of $600 million of 5.125% senior unsecured notes due 2035 (the “Notes”). The public offering price for the Notes was 98.371% of the principal amount for an effective semi-annual yield to maturity of 5.337%.

The net proceeds from this offering will be used for general corporate purposes, which may include, among other things, the repayment or repurchase of our indebtedness, including $500.0 million of outstanding 3.875% notes due April 15, 2025, and/or borrowings under our revolving credit facility and commercial paper programs, foreign currency swaps or other hedging instruments, the development, redevelopment and acquisition of additional properties, acquisition or business combination transactions, and the expansion and improvement of certain properties in our portfolio.

This offering is expected to close on April 10, 2025, subject to the satisfaction of customary closing conditions.

The active joint book-running managers for the offering are Wells Fargo Securities, BofA Securities, J.P. Morgan, Mizuho, and TD Securities.

A copy of the prospectus supplement and prospectus, when available, related to this offering may be obtained by contacting: Wells Fargo Securities, LLC, 608 2nd Avenue South, Suite 1000, Minneapolis, MN 55402, Attn: WFS Customer Service, Email: [email protected], by telephone (toll free) at 1-800-645-3751; BofA Securities, Inc., NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department, by telephone at (800) 294-1322; J.P. Morgan Securities LLC, 383 Madison Avenue, New York, New York 10179, Attention: Investment Grade Syndicate Desk, 3rd Floor, Facsimile: 212-834-6081; Mizuho Securities USA LLC, 1271 Avenue of the Americas, New York, New York 10020, by telephone (toll-free) at 1-866-271-7403; and TD Securities (USA) LLC, 1 Vanderbilt Avenue, 11th Floor, New York, New York 10017, by telephone (toll free) at 1-855-495-9846.   

These securities are offered pursuant to a Registration Statement that has become effective under the Securities Act of 1933, as amended. These securities are only offered by means of the prospectus included in the Registration Statement and the prospectus supplement related to the offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or other jurisdiction where, or to any person to whom, the offer, solicitation, or sale of these securities would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.


About Realty Income

Realty Income (NYSE: O), an S&P 500 company, is real estate partner to the world’s leading companies®. Founded in 1969, we invest in diversified commercial real estate and have a portfolio of over 15,600 properties in all 50 U.S. states, the U.K., and six other countries in Europe. We are known as “The Monthly Dividend Company®” and have a mission to invest in people and places to deliver dependable monthly dividends that increase over time. Since our founding, we have declared 657 consecutive monthly dividends and are a member of the S&P 500 Dividend Aristocrats® index for having increased our dividend for the last 30 consecutive years.


Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended. When used in this press release, the words “estimated,” “anticipated,” “expect,” “believe,” “intend,” “continue,” “should,” “may,” “likely,” “plans,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements include discussions of our business and portfolio growth strategies and intentions to acquire or dispose of properties (including geographies, timing, partners, clients and terms); re-leases, re-development and speculative development of properties and expenditures related thereto; future operations and results; the announcement of operating results, strategy, plans, and the intentions of management; statements made regarding our share repurchase program; settlement of shares of common stock sold pursuant to forward sale confirmations under our at-the-market program; dividends, including the amount, timing and payments of dividends; and trends in our business, including trends in the market for long-term leases of freestanding, single-client properties. Forward-looking statements are subject to risks, uncertainties, and assumptions about us, which may cause our actual future results to differ materially from expected results. Some of the factors that could cause actual results to differ materially are, among others, our continued qualification as a real estate investment trust; general domestic and foreign business, economic, or financial conditions; competition; fluctuating interest and currency rates; inflation and its impact on our clients and us; access to debt and equity capital markets and other sources of funding (including the terms and partners of such funding); continued volatility and uncertainty in the credit markets and broader financial markets; other risks inherent in the real estate business including our clients’ solvency, client defaults under leases, increased client bankruptcies, potential liability relating to environmental matters, illiquidity of real estate investments, and potential damages from natural disasters; impairments in the value of our real estate assets; changes in domestic and foreign income tax laws and rates; property ownership through co-investment ventures, funds, joint ventures, partnerships and other arrangements which may transfer or limit our control of the underlying investments; epidemics or pandemics including measures taken to limit their spread, the impacts on us, our business, our clients, and the economy generally; the loss of key personnel; the outcome of any legal proceedings to which we are a party or which may occur in the future; acts of terrorism and war; the anticipated benefits from mergers and acquisitions; and those additional risks and factors discussed in our reports filed with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on forward-looking statements. Those forward-looking statements are not guarantees of future plans and performance and speak only as of the date of this press release. Actual plans and results may differ materially from what is expressed or forecasted in this press release and expectations and forecasts made in the forward-looking statements discussed in this press release may not materialize. We do not undertake any obligation to update forward-looking statements or to publicly release the results of any forward-looking statements that may be made to reflect events or circumstances after the date these statements were made or to reflect the occurrence of unanticipated events.

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SOURCE Realty Income Corporation

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Angel Oak Financial Strategies Income Term Trust Declares April 2025 Distribution

Angel Oak Financial Strategies Income Term Trust Declares April 2025 Distribution

ATLANTA–(BUSINESS WIRE)–
Angel Oak Financial Strategies Income Term Trust (the “Fund”), a closed-end fund traded on the New York Stock Exchange under the symbol FINS, today declared a distribution of $0.109 per share for the month of April 2025. The record date for the distribution is April 16, 2025, and the payable date is April 30, 2025. The Fund will trade ex-distribution on April 16, 2025.

The Fund seeks to pay a distribution at a rate that reflects net investment income actually earned. A portion of each distribution may be treated as paid from sources other than net investment income, including but not limited to short-term capital gain, long-term capital gain, or return of capital. As required by Section 19(a) of the Investment Company Act of 1940, a notice will be distributed to shareholders in the event that a portion of a monthly distribution is derived from sources other than undistributed net investment income. The final determination of the source and tax characteristics of these distributions will depend upon the Fund’s investment experience during its fiscal year and will be made after the Fund’s year end. The Fund will send to investors a Form 1099-DIV for the calendar year that will define how to report these distributions for federal income tax purposes. Angel Oak does not provide tax advice; shareholders should consult their tax advisor. A return of capital distribution does not necessarily reflect a fund’s investment performance and should not be confused with “yield” or “income.”

ABOUT FINS

Led by Angel Oak’s experienced financial services team, FINS invests predominantly in U.S. financial sector debt as well as selective opportunities across financial sector preferred and common equity. Under normal circumstances, at least 50% of FINS’ portfolio is publicly rated investment grade or, if unrated, judged to be of investment grade quality by Angel Oak.

ABOUT ANGEL OAK CAPITAL ADVISORS, LLC

Angel Oak Capital Advisors is an investment management firm focused on providing compelling fixed-income investment solutions to its clients. Backed by a value-driven approach, Angel Oak Capital Advisors seeks to deliver attractive, risk-adjusted returns through a combination of stable current income and price appreciation. Its experienced investment team seeks the best opportunities in fixed income, with a specialization in mortgage-backed securities and other areas of structured credit.

Information regarding the Fund and Angel Oak Capital Advisors can be found at www.angeloakcapital.com.

Past performance is neither indicative nor a guarantee of future results. Investors should consider the investment objective and policies, risk considerations, charges and ongoing expenses of an investment carefully before investing. For more information please contact your investment representative or Destra Capital Advisors LLC at 877.855.3434.

© 2025 Angel Oak Capital Advisors, which is the investment adviser to the Angel Oak Financial Strategies Income Term Trust.

Media:

Trevor Davis, Gregory FCA for Angel Oak Capital Advisors

443-248-0359

[email protected]

Company Contact:

Randy Chrisman, Chief Marketing and Corporate IR Officer, Angel Oak Capital Advisors

404-953-4969

[email protected]

KEYWORDS: United States North America Georgia

INDUSTRY KEYWORDS: Asset Management Professional Services Finance

MEDIA:

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Ellington Credit to Ring the Closing Bell at the New York Stock Exchange

Ellington Credit to Ring the Closing Bell at the New York Stock Exchange

— Marks Successful Conversion to CLO Closed-End Fund —

OLD GREENWICH, Conn.–(BUSINESS WIRE)–
Ellington Credit Company (NYSE: EARN) announced today that it will ring the closing bell at the New York Stock Exchange on April 2, 2025 to celebrate its conversion to a closed-end fund focused on corporate collateralized loan obligation (“CLO”) investments.

The ringing of the closing bell will also commemorate the 30-year anniversary of Ellington Management Group, the parent company of EARN’s investment adviser.

About Ellington Credit Company

Ellington Credit Company (the “Fund”) is an externally managed, non-diversified closed-end fund that seeks to provide attractive current yields and risk-adjusted total returns by investing primarily in collateralized loan obligations (CLOs), with a focus on mezzanine debt and equity tranches. The Fund is externally managed and advised by an affiliate of Ellington Management Group, L.L.C., a leading fixed-income investment manager founded in 1994. The Fund benefits from Ellington’s extensive experience and deep expertise in portfolio management, credit analysis, and risk management.

For additional information, visit www.ellingtoncredit.com.

Investors:

Ellington Credit Company

Investor Relations

(203) 409-3773

[email protected]

or

Media:

Amanda Shpiner/Grace Cartwright

Gasthalter & Co.

for Ellington Credit Company

(212) 257-4170

[email protected]

KEYWORDS: United States North America Connecticut

INDUSTRY KEYWORDS: Professional Services Finance

MEDIA:

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Tenaris Files 2024 Annual Report / Annual Report on Form 20-F, and Convenes the Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders

LUXEMBOURG, April 01, 2025 (GLOBE NEWSWIRE) — Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) filed today its 2024 Annual Report / Annual Report on Form 20-F, with the Luxembourg Stock Exchange, with the U.S. Securities and Exchange Commission (SEC), and with the other securities regulators of the markets where its securities are listed. The 2024 Annual Report (which includes the consolidated management report containing the financial and non-financial information (or sustainability statement) required by applicable law; the related management certifications on the consolidated financial statements as of and for the year ended 31st December 2024, and on the annual accounts as at 31st December 2024; and the external auditors’ reports on such consolidated financial statements, annual accounts and sustainability statement) may be downloaded from the Luxembourg Stock Exchange’s website at www.bourse.lu/regulated-information-oam, and the Annual Report on Form 20-F may be downloaded from the SEC’s website at www.sec.gov; and are available on Tenaris’s website at ir.tenaris.com.

Holders of Tenaris’s shares and ADSs, and any other interested parties, may request a hard copy of any of these reports, free of charge, through our website at ir.tenaris.com/tools/printed-materials.  

In addition, on April 4, 2025, Tenaris will convene its Annual General Meeting of Shareholders to be held on May 6, 2025, at 10:00 (Central European time), and an Extraordinary General Meeting of Shareholders to be held immediately after the adjournment of the Annual General Meeting of Shareholders. The convening notice (which includes the agendas for the meetings and the procedures for attending and/or voting at the meetings) will be published in such newspapers and filed with the regulators, as required by applicable law, and will be available on the Luxembourg Stock Exchange’s website at www.bourse.lu/regulated-information-oam, the SEC’s website at www.sec.gov, and Tenaris’s website at ir.tenaris.com.

The following documents will also be available on Tenaris’s website at ir.tenaris.com upon publication of the convening notice:

  • information on Tenaris’s total number of shares and voting rights as of the date of the convening notice;
  • the Shareholder Meeting Brochure and Proxy Statement (which contains procedures for attending and/or voting at the meetings, and reports on each item of the meeting agendas and draft resolutions proposed to be adopted at the meetings);
  • the 2024 Annual Report;
  • the 2024 Compensation Report;
  • the board of directors report in connection with the proposed waiver of, suppression of, and authorization to suppress or limit, pre-emptive subscription rights by the existing shareholders;
  • the proposed amendments to the articles of association, and
  • the forms required for purposes of attending and/or voting at the meetings.

Copies of these documents will also be available, free of charge, at Tenaris’s registered office in Luxembourg, between 10:00 and 17:00 (Central European time). In addition, shareholders registered in the share register may request electronic copies of such documents, free of charge, to [email protected].

Tenaris is a leading global supplier of steel tubes and related services for the world’s energy industry and certain other industrial applications.

Giovanni Sardagna
Tenaris
1-888-300-5432
www.tenaris.com



Posted on

AutoNation Expands Footprint with the Acquisition of Two Stores in Colorado

PR Newswire


FORT LAUDERDALE, Fla.
, April 1, 2025 /PRNewswire/ — AutoNation (NYSE: AN) today announced that it has acquired Groove Ford and Groove Mazda, effective March 31, 2025. The dealerships have been rebranded and will now operate under the names AutoNation Ford Arapahoe and AutoNation Mazda Arapahoe. In 2024, the stores sold nearly 5,000 new and used vehicles with approximately $219M in annual revenue. Both stores are located in Englewood, Colorado, and mark the first AutoNation Mazda and second AutoNation Ford in the state, bringing AutoNation’s substantial footprint in Colorado to 13 Domestic, 6 Import, and 3 AutoNation USA dealerships concentrated in the greater Denver area.

“We are excited to welcome Groove Ford and Groove Mazda and their nearly 200 new associates to AutoNation,” said Mike Manley, Chief Executive Officer at AutoNation. “These acquisitions build on our strategy to add density into markets where we already have a presence. It allows us to rapidly bring significant scale synergies to the new dealerships, expanding on the current success of these stores and delivering strong returns to our shareholders.”


About AutoNation, Inc.

AutoNation, one of the largest automotive retailers in the United States, offers innovative products, exceptional services, and comprehensive solutions, and empowers its customers to make the best decisions for their needs. With a nationwide network of dealerships strengthened by a recognized brand, we offer a wide variety of new and used vehicles, customer financing, parts, and expert maintenance and repair services. Through DRV PNK, we have raised over $40 million for cancer-related causes, demonstrating our commitment to making a positive difference in the lives of our Associates, Customers, and the communities we serve.

Please visit www.autonation.com, investors.autonation.com, and www.x.com/autonation, where AutoNation discloses additional information about the Company, its business, and its results of operations.


Forward-Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Words such as “anticipates,” “expects,” “estimates,” “intends,” “strategy,” “goals,” “targets,” “projects,” “plans,” “believes,” “continues,” “may,” “will,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements regarding our expectations for the future performance of acquired stores and for shareholder returns, as well as other statements that describe our strategies, objectives, goals, or plans, are forward-looking statements. Our forward-looking statements reflect our current expectations concerning future results and events, and they involve known and unknown risks, uncertainties, and other factors that are difficult to predict and may cause our actual results, performance, or achievements to be materially different from any future results, performance, and achievements expressed or implied by these statements. These risks, uncertainties, and other factors include, among others: our ability to integrate successfully new acquisitions; our ability to maintain or gain market share; our ability to maintain and enhance our retail brands and reputation; economic conditions, including changes in unemployment, interest, and/or inflation rates, consumer demand, fuel prices, and tariffs; the success and financial viability and the incentive and marketing programs of vehicle manufacturers and distributors with which we hold franchises; and other factors described in our news releases and filings made under the securities laws, including, among others, our Annual Reports on Form 10-K, our Quarterly Reports on Form 10-Q and our Current Reports on Form 8-K. Forward-looking statements contained in this news release speak only as of the date of this news release, and we undertake no obligation to update these forward-looking statements to reflect subsequent events or circumstances.

 

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SOURCE AutoNation, Inc.