BlackRock Utilities, Infrastructure & Power Opportunities Trust·Financial Services

NEW YORK--(BUSINESS WIRE)---- $BUI--BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI) (the "Fund") today announced the successful completion of its transferable rights offer (the “Offer”) which expired on April 2, 2026 (the “Expiration Date”). The Offer entitled rights holders to subscribe for up to an aggregate of 6,019,793 shares of the Fund's common stock, par value of $0.001 per share (each, a “Common Share”). The final subscription price of $26.37 per Common Share was.

NEW YORK--(BUSINESS WIRE)---- $BBN--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 (NYSE: BOE), BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE: BUI), Bla.

BlackRock Utilities, Infrastructure & Power Opportunities Trust has launched a shareholder-friendly, transferable 1-for-4 rights offering. BUI's subscription price formula ensures a discount range of 0% to -5%, limiting dilution and enhancing value if the fund trades at a premium. Tactical investors are advised to sell before or at the ex-rights date and consider rebuying post-offering, as premiums often revert to discounts.

I am upgrading BlackRock Utilities Infrastructure & Power Oppty to a buy, given its attractive 2.5% NAV discount and sector positioning. BUI stands to benefit from accelerating AI data center-driven power demand, with 71% of assets in utilities and energy and a 6.3% dividend yield. The fund's elimination of option writing enhances upside participation, supporting stronger earnings and dividend coverage as sector growth persists.

Valuation is now compelling: BUI recently shifted from a nearly 10% premium to NAV to a discount after a sharp pullback. I believe the right's offering sell-off has run its course and view recent weakness as a buying opportunity, not a reason to avoid. Demand from both residential and commercial users for electricity remains high and is sustainability growing in the developed world.

I highlight five additional CEFs—BIT, BME, BST, BUI, and GLU—that have never cut distributions for at least a decade, offering high-yield, monthly income. BIT yields nearly 12% at a -6.8% discount, but declining earnings coverage and rising ROC signal caution on distribution sustainability. BME, BST, and BUI trade at discounts and have recently increased distributions, with BST delivering an 18% 10-year total return at market price.
BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed ended equity mutual fund launched by BlackRock, Inc. The fund is managed by BlackRock Advisors, LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the utilities and infrastructure sectors. It invests in stocks of companies across diversified market capitalizations. The fund also invests through derivatives, with an emphasis on option writing. The fund was formerly known as BlackRock Utility and Infrastructure Trust. BlackRock Utility, Infrastructure & Power Opportunities Trust was formed on November 22, 2011 and is domiciled in the United States.
Financial Services
Asset Management
2011-11-23
0.80
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