BlackRock

BlackRock Municipal 2030 Target Term Trust (BTT) has reauthorized its open market share repurchase program, effective post-November 30, 2025, through November 30, 2026. The program allows for repurchasing up to 5% of outstanding shares to enhance shareholder value by driving NAV accretion. BlackRock aims to capitalize when BTT shares trade at a discount, potentially aiding the trust in returning at least $25 per share by 2030. The program’s success depends on market conditions, discount to NAV, and regulatory constraints.

BlackRock closed-end funds BMEZ, BSTZ, and BTX will switch to level monthly distributions starting October 2025 (ex-date 10/15/2025). The fixed per-share amounts are: BMEZ $0.11000, BSTZ $0.16250, and BTX $0.05250. As of 8/29/2025, significant portions of recent distributions were return of capital for BMEZ and BTX, while BSTZ showed long-term gains. Annualized distribution rates as of 7/31/2025: BMEZ 13.04%, BSTZ 11.37%, BTX 12.32%. Boards can amend plans; distributions impact NAV.

BlackRock Health Sciences Term Trust (BMEZ), BlackRock Science and Technology Term Trust (BSTZ), and BlackRock Technology and Private Equity Term Trust (BTX) will shift from floating to fixed-rate distributions in October 2025. This aims to provide predictable income, stabilize payouts and maintain competitive yields. The change reflects concerns about distribution sustainability and a desire to manage capital effectively. Distribution amounts remain subject to board discretion. Performance should not be evaluated solely on distribution amounts. Investors should consult BlackRock’s website for fund updates.

BlackRock Inc. has increased its stake in Freedom Holding Corp. (NASDAQ: FRHC) to 0.85%, valued at approximately $89 million, making them the second-largest shareholder. This investment reflects a growing confidence in Freedom Holding, also shared by other institutional investors like State Street Corp. Freedom Holding operates in 22 countries, providing a financial and digital ecosystem including Freedom Bank and Freedom Broker. Freedom Holding’s CEO, Timur Turlov, views this as validation of their business model and strategic value.

BlackRock will terminate the iShares iBonds Oct 2025 Term TIPS ETF (IBIB) with a last trading day of October 15, 2025, and a liquidation date around October 20, 2025. iBonds ETFs wind down as they approach their target date, shifting to short-term instruments and cash. BlackRock will continue to offer a range of iBonds ETFs across various asset classes. Investors should review fund objectives and risks in the prospectus before investing, remembering all investing involves risk.