Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 100 Bellevue Pkwy WILMINGTON DE 19809-3700 |
Tel: | N/A |
Website: | www.blackrock.com |
IR: | See website |
Key People | ||
Richard E. Cavanagh Independent Co-Chairman of the Board of Trustee | Karen P. Robards Independent Co-Chairman of the Board of Trustee | John M. Perlowski President, Chief Executive Officer, Trustee |
Neal J. Andrews Chief Financial Officer | Charles C. S. Park Chief Compliance Officer | Jonathan Diorio Vice President |
Jay M. Fife Treasurer | Janey Ahn Secretary |
Business Overview |
BlackRock Resources & Commodities Strategy Trust is a non-diversified, closed-end management investment company. The Trust's primary investment objective is to seek high current income and current gains, with a secondary objective of capital appreciation. It will seek to achieve its investment objectives, under normal market conditions, by investing at least 80% of its total assets in equity securities issued by commodity or natural resources companies, derivatives with exposure to commodity or natural resources companies or investments in securities and derivatives linked to the underlying price movement of commodities or natural resources. It seeks to pursue this goal by investing in a portfolio of equity securities and also by employing a strategy of writing call and put options. It invests in chemicals; oil, gas and consumable fuels; food products; containers and packaging; energy equipment and services, and machinery. Its investment advisor is BlackRock Advisors, LLC. |
Financial Overview |
For the fiscal year ended 31 December 2020,BlackRock Resources&Commdts Strtgy Trst revenues decreasedfrom $4.7M to -$32.2M. Net loss totaled $11.4M vs. incomeof $109M. Revenues reflect Options written decrease from$573K to -$28M, Dividends unaffiliated decrease of 17% to$25.6M, Investments '€” unaffiliated decrease of 14% to-$23.7M. Net loss reflects Investments '€” unaffiliateddecrease of 75% to $28.2M (income). |