BlackRock Capital Allocation Trust (BCAT) Announces Release of First Quarter Fund Commentary

NEW YORK--()--BlackRock today announced the release of the first quarter fund commentary for BlackRock Capital Allocation Trust (NYSE: BCAT, CUSIP: 09260U109 or the “Trust”). BCAT is a closed-end fund that takes an unconstrained approach with the ability to invest in public and private markets across both equity and fixed income. Key takeaways are listed below:

  • BCAT is managed by Rick Rieder, CIO of Global Fixed Income and Head of Global Allocation team
  • The Trust currently pays a monthly distribution of $0.1041 per share, which is a 6.25% distribution rate on its original IPO price1. Since Inception, the fund has paid $0.42 per share in distributions2
  • BCAT can invest up to 25% of its portfolio in private equity or private debt and continues to seek private investment opportunities to harvest the illiquidity premium by taking advantage of the “closed” structure. Since the Trust's IPO in September 2020, the team has invested approximately $80 million across both private equity and private debt. 3

Find more information on BCAT’s portfolio positioning and performance in the commentary linked below:

BCAT First Quarter 2021 Commentary

For more information on BlackRock’s closed-end funds, please visit

1 Distribution rate is calculated by annualizing the latest declared distribution and dividing by original IPO price of $20 per share.
2 The Trust has adopted a managed distribution plan to support a level distribution of income, capital gains and/or return of capital. If sufficient investment income is not available on a monthly basis, the Trust will distribute long-term capital gains and/or return capital to shareholders in order to maintain the level distribution. You should not draw any conclusions about the Trust 's investment performance from the amount of these distributions or from the terms of the Trust 's managed distribution plan. The Trust estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of past distributions may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested in the fund is paid back to you. A return of capital distribution does not necessarily reflect the Trust 's investment performance and should not be confused with ‘yield’ or ‘income'.
3 The information above is not a prediction of future performance or any assurance that comparable investment opportunities will be available at the time of investment. It is non-representative of all underlying investments made by the Investment Team and it should not be assumed that Investment Team will invest in comparable investments, or that any future Investments made by Investment Team will be successful. To the extent that these investments prove to be profitable, it should not be assumed that the Investment Team’s other investments will be profitable or will be as profitable.”

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