BUI

BlackRock Utility, Infrastructure & Power Opportunities Trust is a closed-end equity and debt fund that invests in companies and securities across the utility, infrastructure, and power generation sectors. Managed by BlackRock Advisors, LLC, the fund provides investors with exposure to essential infrastructure assets and companies providing electric, gas, water, telecommunications, transportation, and renewable energy services. The investment approach combines equity and debt securities, providing both capital appreciation potential and income generation from dividends and interest. The fund's portfolio includes regulated electric and gas utilities, water utilities, renewable energy companies (solar, wind, hydro), power generation and transmission companies, telecommunications infrastructure, transportation infrastructure, pipeline operators, and other essential infrastructure businesses. These sectors share characteristics including essential services with relatively inelastic demand, regulatory frameworks providing revenue visibility, capital-intensive business models, steady cash flows, and often attractive dividend yields. The fund may invest in both investment-grade and below-investment-grade debt securities alongside equity holdings, providing income diversification. As a closed-end fund, BlackRock Utility, Infrastructure & Power Opportunities Trust issues a fixed number of shares trading on exchanges, often at premiums or discounts to NAV. The fund employs leverage to potentially enhance returns and income, though leverage increases risk. The trust provides monthly distributions sourced from dividends, interest income, and capital gains. The fund serves income-oriented investors seeking exposure to utility and infrastructure sectors offering essential services, regulatory support, steady cash flows, and inflation-hedging characteristics. Infrastructure investments have gained popularity as alternative income sources with potentially lower correlation to broader equity markets. The fund's performance is influenced by interest rates (utility and infrastructure stocks are interest rate sensitive due to their bond-like characteristics), regulatory frameworks, commodity prices affecting power generation costs, infrastructure investment trends, and overall economic conditions. The sector focus provides defensive characteristics from essential service nature while offering income generation through dividends and interest from the debt component.