In plain terms — BlackRock Enhanced Equity Dividend Trust
Shares currently cost about 9.1% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 6.3% discount, so today's level is somewhat wide for this fund (Z-score -1.4). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 10.3% a year of the share price (9.4% of the assets). That is a payout rate, not a return: part of it may be capital being handed back, and a one-off special payment in the last year is excluded from the regular rate.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.10 of assets — a ReinvestCapture™ rate of 11.3%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 19.9% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -7.32% | 0.96% | -1.31 | 55 |
| 6 months | -7.46% | 0.89% | -1.26 | 107 |
| 1 year | -6.31% | 1.65% | -1.38 | 209 |
| 3 years | -7.75% | — | — | — |
| 5 years | -5.90% | — | — | — |
Current contemporaneous premium/discount -8.58% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -10.02% to -2.61%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -2.25% | -2.05% | +0.63% | +4.26% | +8.73% | -1.23% |
| Market price total return | -1.63% | -0.17% | +6.79% | +14.27% | +18.53% | +8.79% |
| NAV return | -0.47% | +1.65% | +7.70% | +9.96% | +8.25% | +0.08% |
| NAV total return | +0.12% | +3.47% | +13.85% | +19.88% | +17.27% | +9.63% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The BlackRock Enhanced Equity Dividend Trust, a closed-end investment vehicle headquartered in the United States, was established on August 31, 2005. Originally known as BlackRock Enhanced Dividend Achievers TM Trust, this fund was initiated by BlackRock, Inc. and is actively managed by BlackRock Advisors, LLC. Its core objective is to invest in the U.S. public equity markets, concentrating on dividend-paying stocks from companies across diverse sectors and market capitalizations. Furthermore, the trust incorporates derivatives into its strategy, with a significant focus on option writing. Its investment returns are benchmarked against the Russell 1000 Value Index.
CEF Explorer research page for BlackRock Enhanced Equity Dividend Trust. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.