BlackRock Investment Quality Municipal Trust Aktie News

NEW YORK--(BUSINESS WIRE)---- $BKN--BlackRock Advisors, LLC (“BlackRock”) announced today that shareholders of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) have approved the following reorganizations (each, a “Reorganization” and collectively, the “Reorganizations”). Reorganizations of BlackRock MuniYield Fund, Inc. (MYD), BlackRock MuniYield Quality F...

I avoid funds like BKN that fund distributions with return of capital, as it risks misleading investors about true income. While the fund offers a high tax-free distribution rate, a significant portion is return of capital, not earned income, which I find problematic. Long-tenor muni bond funds like BKN inherently carry interest rate risk, but that's a normal trade-off for higher yields in this...