BlackRock Announces Board Approvals Seeking to Deliver Significant Scale Benefits to Municipal CEF Shareholders
NEW YORK--(BUSINESS WIRE)---- $BFK--BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a âFundâ and collectively, the âFundsâ) has approved the following reorganizations and mergers (each, a âReorganizationâ and collectively, the âReorganizationsâ), as applicable: These include a number of previously approved reorganizations: 1-21-2025 Press Release. Reorganization of BlackRock Long-Term Municipal Advantage Trust (BTA).
Golden Buying Opportunity For Big Dividend Investors: 8-9% Yields Set To Soar
High-yield stocks with strong balance sheets and growth profiles are rare. I share two of these opportunities here. Both of these opportunities issue 1099 tax forms.
BlackRockÂź Canada Announces Changes to the iShares Jantzi Social Index ETF
TORONTO, June 06, 2025 (GLOBE NEWSWIRE) -- BlackRock Asset Management Canada Limited (âBlackRock Canadaâ), an indirect, wholly-owned subsidiary of BlackRock, Inc. (âBlackRockâ) (NYSE: BLK), is announcing that iShares Jantzi Social Index ETF (the âiShares ETFâ) is expected to experience higher than normal portfolio turnover as a result of upcoming changes to the evaluation process used to determine the composition of the Morningstar Jantzi Social Index (the âIndexâ). The iShares ETF seeks to replicate the performance of the Index, net of expenses. The composition of the Index will change as part of its regularly scheduled rebalance on June 20, 2025 (the âRebalanceâ). As a result of the Rebalance, the iShares ETF may experience higher than normal transaction costs and is also expected to realize net capital gains. However, the iShares ETF's total net capital gains income for the year will not be known until its tax year ends on December 15, 2025. The iShares ETF will follow its normal process for determining and distributing capital gains in December 2025.
BlackRock to Cut More Than 1% Jobs in Second Round of Layoffs
BLK to cut 300 jobs in its second 2025 layoff round, following a 14% staff increase from recent acquisitions.
BlackRock Is Off Texas' Blacklist. Where the ESG Battle Stands Now.
The world's largest asset manager can now do business with Texas. Here's where it stands in other states.
BlackRock Ends Standoff With Texas Over ESG Policies
BlackRock Inc. was removed from Texas' blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world's largest asset manager. This means pension funds and other state-run investment accounts can buy BlackRock shares and work with the firm.
How some AI ETFs are trying to differentiate from the pack
Jay Jacobs, BlackRock head of U.S. equity ETFs, and Nate Geraci, ETF Store president, join CNBC's Dom Chu on âETF Edge' getting granular with AI and how BlackRock is trying to carve out a space of its own in the field.
BlackRock deepens Bitcoin bet as crypto ETF inflows hit new highs
BlackRock is doubling down on Bitcoin, ramping up investments through its iShares Bitcoin Trust (IBIT) as investor appetite for crypto-backed funds continues to grow. The world's largest asset manager boosted its in-house portfolio's IBIT exposure by 25% last quarter, while also leading a record-setting week for U.S.
BlackRock TCP Capital: The Bleeding Hasn't Stopped Yet
TCPC remains a sell due to ongoing NAV decline, weak earnings, and lack of meaningful new investment activity despite some portfolio improvements. While the 14% dividend yield is well-covered and distributions are likely safe, long-term capital destruction outweighs the income appeal. Non-accruals have improved and management reduced expenses and debt, but persistent headwinds from high interest rates limit upside potential.
RBC iShares Expands iShares Core Offering with Launch of New ETFs
TORONTO, June 02, 2025 (GLOBE NEWSWIRE) -- Today, RBC iShares expands its iShares Core exchange traded fund (ETF) lineup with the launch of two iShares ETFs (each an âiShares Fund' and collectively, the âiShares Funds').
BlackRock Gets Regulatory Nod to Start Mutual Fund Business in India
BLK gets green light to launch mutual funds in India via Jio JV, aiming to disrupt the market with tech-driven, retail-focused investment products.
BlackRock (BLK) Ascends But Remains Behind Market: Some Facts to Note
In the latest trading session, BlackRock (BLK) closed at $981.32, marking a +1.88% move from the previous day.
