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BlackRock Announces Changes To Investment Policies For Certain Closed-End Funds

Stocks in this article: BDJ BDT BDV

BlackRock Advisors, LLC today announced that the Board of Directors/Trustees (the “Board”) for its Closed-End Funds recently approved changes to certain non-fundamental investment objectives and policies for each of BlackRock Dividend Achievers TM Trust (NYSE:BDV), BlackRock Strategic Dividend Achievers TM Trust (NYSE:BDT) and BlackRock Enhanced Dividend Achievers TM Trust (NYSE:BDJ) (collectively, the “Funds”).

As a result of these policy changes, the Funds will no longer use Mergent’s Dividend Achievers TM as the underlying universe for investment in equity securities. Instead, each Fund will broaden its investment guidelines to investing across the broader spectrum of dividend paying equities.

The Funds’ current and amended non-fundamental policies are as follows:

      Current and Amended Policy
Ticker     Current       Amended

BDV, BDT,BDJ

   

Under normal market conditions, at least 80% of the Fund’s total assets will beinvested in equity securities that have been identified as “Dividend Achievers TM” byMergent, Inc., a third-party provider of market data services.

     

Under normal market conditions, at least 80% of the Fund’stotal assets will be invested in dividend paying equities.

BDT    

Under normal market conditions, at least 80% of the Fund’s total assets will beinvested in equities of small- and mid- capitalization companies that are DividendAchievers TM.

     

Under normal market conditions, at least 80% of the Fund’stotal assets will be invested in small- and mid-capitalization companies, as defined by the Russell MidCap Index.

Similarly, the investment strategy described in the Funds’ non-fundamental investment objectives or investment policies, as the case may be for each Fund, has been modified to remove reference to “above average” dividend paying equities.

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