BlackRock Core Bond Trust (NYSE:BHK) to Issue Monthly Dividend of $0.07

BlackRock Core Bond Trust (NYSE:BHK) declared a monthly dividend on Friday, February 27th. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0746 per share by the investment management company on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 9.8%. The ex-dividend date of this dividend is Friday, May 15th.

BlackRock Core Bond Trust Trading Down 0.9%

Shares of NYSE BHK opened at $9.11 on Wednesday. BlackRock Core Bond Trust has a one year low of $8.94 and a one year high of $10.54. The firm’s 50 day simple moving average is $9.21 and its two-hundred day simple moving average is $9.47.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC bought a new position in BlackRock Core Bond Trust during the fourth quarter valued at approximately $1,366,000. Consolidated Portfolio Review Corp grew its position in BlackRock Core Bond Trust by 53.4% during the third quarter. Consolidated Portfolio Review Corp now owns 265,871 shares of the investment management company’s stock valued at $2,643,000 after acquiring an additional 92,555 shares during the last quarter. City of London Investment Management Co. Ltd. bought a new position in BlackRock Core Bond Trust during the third quarter valued at approximately $2,077,000. Wolverine Asset Management LLC bought a new position in BlackRock Core Bond Trust during the fourth quarter valued at approximately $1,032,000. Finally, Mesirow Financial Investment Management Inc. grew its position in BlackRock Core Bond Trust by 15.6% during the fourth quarter. Mesirow Financial Investment Management Inc. now owns 85,752 shares of the investment management company’s stock valued at $822,000 after acquiring an additional 11,581 shares during the last quarter.

About BlackRock Core Bond Trust

BlackRock Core Bond Trust (NYSE: BHK) is a closed-end management investment company that seeks to provide shareholders with a high level of current income, consistent with the preservation of capital. The trust primarily invests in a diversified portfolio of investment-grade fixed-income securities, including U.S. government and agency obligations, corporate bonds, mortgage- and asset-backed securities, and other debt instruments. The fund may employ leverage to enhance its income-generating potential.

Since its inception in 2008, BHK has been managed by a dedicated team of fixed-income professionals at BlackRock Advisors, drawing on the firm’s global research capabilities and risk-management platform.