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BlackRock Resources&Commdts Strtgy Trst (N:BCX)

Business Focus: Closed End Funds

Sector:  Financials Industry:  Closed End Funds
 
See Regulatory Filings on SEC
Company Contact
Address: 100 Bellevue Pkwy
WILMINGTON DE 19809
Tel: N/A
Website: www.blackrock.com
IR: See website
Key People
John M. Perlowski
President, Chief Executive Officer, Trustee
W. Carl Kester
Independent Vice Chairman of the Board of Trustees
Trent W. Walker
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. The Trust seeks to achieve its objectives by investing approximately 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. The Trust also invests up to 20% of its total assets in debt securities issued by companies in the commodities and natural resources sector or any type of securities issued by companies that are not in the commodities and natural resources sector. It invests in oil, gas and consumable fuels, metals and mining, and food products. Its investment adviser is BlackRock Advisors, LLC.
Financial Overview
For the fiscal year ended 31 December 2023, BlackRock Resources&Commdts Strtgy Trst revenues decreased 5% to $34.2M. Net loss totaled $8.6M vs. income of $137.5M. Revenues reflect Dividends unaffiliated decrease of 9% to $34.7M, Foreign withholding tax claims decrease from $16K to $0K. Net loss reflects Investments unaffiliated decrease of 94% to $12.9M (income), Options written decrease from $4.8M (income) to $6.7M (expense).