BGY

BlackRock Enhanced International Dividend Trust is a closed-end equity mutual fund that seeks high current income and current gains, with long-term capital appreciation as a secondary objective, by investing primarily in dividend-paying equity securities of non-U.S. companies. Managed by BlackRock Advisors, LLC, the fund provides investors with exposure to dividend-paying stocks from developed and emerging markets outside the United States, aiming to capture both attractive dividend income and capital appreciation potential from international equities. The fund's portfolio emphasizes companies with established track records of dividend payments, financial stability, and potential for dividend growth. The investment team seeks companies across international markets with strong business models, competitive positions, solid balance sheets, and management committed to returning capital to shareholders through dividends. The fund invests across various sectors and geographies, maintaining diversification while identifying the most attractive international dividend opportunities. The "enhanced" designation reflects the fund's use of options strategies and other techniques to potentially boost income generation beyond traditional dividend capture. As a closed-end fund, BlackRock Enhanced International Dividend Trust trades on exchanges with shares that may trade at premiums or discounts to net asset value (NAV). The fund employs leverage through borrowings or derivatives to potentially enhance returns and income, though leverage also increases risk. The trust provides monthly distributions to shareholders, combining dividend income, capital gains, and potentially option premium income. The fund serves income-focused investors seeking international diversification and exposure to dividend-paying companies outside the U.S. The international dividend strategy provides geographic diversification and access to dividend yields that may exceed U.S. markets. Performance is influenced by international equity markets, currency fluctuations, foreign economic conditions, and dividend policies of international companies.