Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2017-06-07 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the Chartered Financial Analyst designation. |
| 2018-06-06 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the Chartered Financial Analyst designation. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2017-06-07 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the Chartered Financial Analyst designation. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2019-06-11 | Chief Executive Officer, Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch was CEO and CIO of the National Railroad Retirement Investment Trust and holds the CFA designation. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017 for BGIO, HYT, DSU, CII, EGF and FRA; 2018 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Boards have overall responsibility for the oversight of the Funds. The Chair of the Boards and the Chief Executive Officer are two different people. Not only is the Chair of the Boards an Independent Board Member, but the Chair of each Board committee (each, a Committee) is also an Independent Board Member. The Boards have five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2020 for BGIO, HYT, DSU, CII, EGF and FRA; 2018 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2019-06-11 | Catherine A. Lynch, born 1961, Director/ Trustee, serving since 2016. She is member of the Audit, Governance, Performance Oversight Committees and Chair of the Discount Sub-Committee. Annual compensation from all BlackRock-advised funds is $310,000. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None |
| 2021-06-08 | Catherine A. Lynch 1961 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. Catherine A. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee and Chair of the Discount Sub-Committee. |
| 2022-06-03 | Catherine A. Lynch 1961 Director/ Trustee 2023 for HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ, BCAT, BIGZ and ECAT; 2024 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee. Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee and member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of National Railroad Retirement Investment Trust. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Chief Executive Officer and Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer, Chief Investment Officer, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds a Chartered Financial Analyst designation. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2017-06-07 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the CFA designation. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch, Director/Trustee, age 55, serves on Audit Committee, Performance Oversight Committee, and Governance Committee. Independent Board Member annual retainer is $280,000. |
| 2017-06-07 | Catherine A. Lynch 1961 Director 2018; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Fund's Audit Committee. Ms. Lynch's independence from the Fund and the Fund's investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee and each Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, the Chair and Vice-Chair of the Board are paid an additional annual retainer of $120,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each member of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $12,500, respectively, for his or her service on such committee. For the year ended December 31, 2016, the Closed-End Complex reimbursed Independent Board Member expenses in an aggregate amount of approximately $58,887. The Fund pays a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the Closed-End Complex. |
| 2018-06-06 | Catherine A. Lynch 1961 Director 2018;from2016 topresent Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICsconsistingof 75Portfolios None |
| 2019-06-11 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF and FRA; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Independent Board Members have agreed that a maximum of 50% of each Independent Board Members total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complexs deferred compensation plan. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Boards have five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. The Audit Committee consists of Michael J. Castellano (Chair), Frank J. Fabozzi, Catherine A. Lynch and Karen P. Robards. The Governance Committee consists of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee consists of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee consists of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee consists of Richard E. Cavanagh (Chair), Karen P. Robards and John M. Perlowski. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee, from 2016 to present. CEO and CIO, National Railroad Retirement Investment Trust 2003-2016. Serves as Chair of Audit Committee, member of Governance Committee, Performance Oversight Committee, Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch, Director/Trustee, 2018; from 2016 to present. Member of Audit Committee, Performance Oversight Committee, and Governance and Nominating Committee. No compensation from the Funds as of December 31, 2015. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017 for BGIO, HYT, DSU, CII, EGF and FRA; 2018 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 75 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee and each Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, the Chair and Vice-Chair of the Board are paid an additional annual retainer of $120,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2019-06-11 | Catherine A. Lynch, born 1961, Director/ Trustee, serving since 2016. Committees: Audit, Governance, Performance Oversight, Chair of Discount Sub-Committee. Annual compensation $310,000. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Boards benefit from Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICsconsistingof 101Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair), Frank J. Fabozzi, Catherine A. Lynch and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds a Chartered Financial Analyst designation. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch, Director/Trustee, 2018; from 2016 to present. Member of Audit Committee, Performance Oversight Committee and Governance Committee. No compensation stated. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017 for BGIO, HYT, DSU, CII, EGF and FRA; 2018 for all other Funds; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ...Catherine A. Lynch compensation for Closed-End Complex: $258,333. |
| 2018-06-06 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF and FRA; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/ Trustee 2020 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ and BMEZ; 2021 for all other Funds; from 2016 to present Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/ Trustee 2023 for BGIO, HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ and BCAT; 2021 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Ms. Lynch’s independence from the Funds and the Advisor enhances her service as Chair of the Audit Committee and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the CFA designation, no programming or technical degrees mentioned. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds a Chartered Financial Analyst designation. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-11-04 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 2024-06-05 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch Director/Trustee 2016; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Audit Committee, Performance Oversight Committee, and Governance and Nominating Committee. ...Catherine A. Lynch compensation: $0. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Ms. Lynch is Chair of the Discount Sub-Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None Compensation: $5,300 (example from MCA fund) per Fund's fiscal year. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2021-12-22 | Catherine A. Lynch 1961 Board Member (Since 2016) Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2022-06-03 | Catherine A. Lynch 1961 Director/ Trustee 2023 for HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ, BCAT, BIGZ and ECAT; 2024 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee. Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee and member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Audit Committee, Performance Oversight Committee, and Governance and Nominating Committee. ... Catherine A. Lynch became an Independent Board Member of all Funds on March 1, 2016. As of December 31, 2015, Ms. Lynch did not participate in the deferred compensation plan. ... Catherine A. Lynch: $0. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. ...The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices... Ms. Lynch is Chair of the Discount Sub-Committee. ...Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively... The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member's total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex's deferred compensation plan. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. The Funds will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. |
| 2020-11-04 | Catherine A. Lynch 1961 Board Member (Since 2016) Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Catherine A. Lynch 1961 Director/ Trustee 2023 for HYT, DSU, CII, EGF, FRA, BSTZ, BMEZ, BCAT, BIGZ and ECAT; 2024 for all other Funds; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch Director/Trustee 2016; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Audit Committee, Performance Oversight Committee, and Governance and Nominating Committee. Effective August 1, 2015, each Independent Board Member is paid an annual retainer of $280,000 per year ... The Chair of the Boards and the Chief Executive Officer are two different people. Not only is the Chair of the Boards an Independent Board Member, but the Chair of each Board committee (each, a "Committee") is also an Independent Board Member. The Boards have five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. ...Each Board has an ad hoc Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present ...Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. ...Each Independent Board Member is paid an annual retainer of $330,000 per year...The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively...The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member's total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex's deferred compensation plan. Total compensation from all BlackRock-advised funds: $375,000. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. ...The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Ms. Lynch is Chair of the Discount Sub-Committee. ...Effective January 1, 2021, each Independent Board Member is paid an annual retainer of $370,000 per year...The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid additional retainers...The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. Catherine A. Lynch's total compensation is $385,000. |
| 2021-12-22 | Catherine A. Lynch1961 Board Member (Since 2016) Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. |
| 2017-06-07 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year ... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by the Closed-End Complex for the most recently completed calendar year. Catherine A. Lynch's total compensation from the Closed-End Complex is $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices... Ms. Lynch serves as Chair of the Discount Sub-Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. Compensation paid to Catherine A. Lynch by the Funds ranges from $211 to $5,211 depending on the Fund, with total compensation from all BlackRock-advised funds at $375,000. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Ms. Lynch’s independence from the Funds and the Advisor enhances her service as Chair of the Audit Committee and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from2016 topresent Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICsconsisting of75 Portfolios None |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Henry Gabbay; Catherine A. Lynch; and Karen P. Robards. Each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Frank J. Fabozzi, Henry Gabbay, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Henry Gabbay, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None |
| 2022-06-03 | Catherine A. Lynch is Chair of the Audit Committee and a member of the Governance Committee and the Performance Oversight Committee. Total Compensation from all BlackRock-advised funds: $395,097. |
| 2023-05-23 | Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 75 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. ... The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. ... Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. ...The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Ms. Lynch is Chair of the Discount Sub-Committee. ...Effective January 1, 2021, each Independent Board Member is paid an annual retainer of $370,000 per year...The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid additional annual retainers of $45,000, $37,500, $45,000 and $37,500, respectively...The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year...Catherine A. Lynch: $375,000. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee, from 2016 to present. Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee, member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None Ms. Lynch became an Independent Board Member of all Funds on March 1, 2016. As of December 31, 2015, Ms. Lynch did not participate in the deferred compensation plan. Fund’s Fiscal Year End Catherine A. Lynch Closed-End Complex Total Compensation: $0 |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. The Funds will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee. Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee and member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 75 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018;from2016 topresent ...Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ...The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ...Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. ...The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices... Ms. Lynch is Chair of the Discount Sub-Committee. ...Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. Catherine A. Lynch: $310,000. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Executive Committee is composed of Richard E. Cavanagh (Chair) and Karen P. Robards, both of whom are Independent Board Members, and John M. Perlowski, who serves as an interested Board Member. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. Each Independent Board Member is paid an annual retainer of $330,000 per year for his or her services as a Board Member of the BlackRock-advised funds, including the Funds, and each Independent Board Member may also receive a $10,000 board meeting fee for special unscheduled meetings or meetings in excess of six Board meetings held in a calendar year, together with out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. In addition, each Co-Chair of the Boards is paid an additional annual retainer of $100,000. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively, for his or her service on such committee. The Funds will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. Each Board of each Fund has an ad hoc Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. |
| 2022-06-03 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee, Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee, member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee ... Catherine A. Lynch's compensation from the Closed-End Complex was $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... Each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. ... Each Fund has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Ms. Lynch chairs the Discount Sub-Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Ms. Lynch’s independence from the Funds and the Advisor enhances her service as Chair of the Audit Committee and a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. Each Fund, except BPP, has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. The Governance Committee of each Board has a standing Governance Committee composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. |
| 2017-06-07 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices... Ms. Lynch is Chair of the Discount Sub-Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None Compensation: $375,000 per year. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. ... The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. ... The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester, all of whom are Independent Board Members. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None Catherine A. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Her independence from the Funds and the Advisor enhances her service as a member of the Performance Oversight Committee. Compensation: $375,000. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch's independence from the Fund and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch 1961 Trustee 2023; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 72 RICs consisting of 103 Portfolios PennyMac Mortgage Investment Trust The Independent Board Members have adopted a statement of policy that describes the experiences, qualifications, skills and attributes that are necessary and desirable for potential Independent Board Member candidates (the Statement of Policy). The Board believes that each Independent Board Member satisfied, at the time he or she was initially elected or appointed as a Board Member, and continues to satisfy, the standards contemplated by the Statement of Policy as well as the standards set forth in the Fund's By-laws. Furthermore, in determining that a particular Board Member was and continues to be qualified to serve as a Board Member, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Board Members/Nominees have balanced and diverse experiences, skills, attributes and qualifications, which allow the Board to operate effectively in governing the Fund and protecting the interests of shareholders. Among the attributes common to all Board Members/Nominees is their ability to review critically, evaluate, question and discuss information provided to them, to interact effectively with the Fund's investment adviser, sub-advisers, other service providers, counsel and independent auditors, and to exercise effective business judgment in the performance of their duties as Board Members. Each Board Member's/Nominee's ability to perform his or her duties effectively is evidenced by his or her educational background or professional training; business, consulting, public service or academic positions; experience from service as a board member of the Fund or the other funds in the BlackRock fund complexes (and any predecessor funds), other investment funds, public companies, or not-for-profit entities or other organizations; ongoing commitment and participation in Board and committee meetings, as well as their leadership of standing and other committees throughout the years; or other relevant life experiences. The Chair of the Board and the Chief Executive Officer are different people. Not only is the Chair an Independent Board Member, but also the Chair of each Board committee (each, a Committee) is an Independent Board Member. The Board has five standing Committees: an Audit Committee, a Governance Committee, a Compliance Committee, a Performance Oversight Committee and an Executive Committee. The Board has also established an ad hoc Discount Sub-Committee. The Chair of the Board and the Vice Chair of the Board are paid an additional annual retainer of $100,000 and $60,000, respectively. The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are each paid an additional annual retainer of $45,000, $37,500, $45,000 and $37,500, respectively. Each of the members of the Audit Committee, Compliance Committee and Governance Committee is paid an additional annual retainer of $30,000, $25,000 and $25,000, respectively, for his or her service on such committee. The Fund will pay a pro rata portion quarterly (based on relative net assets) of the foregoing Board Member fees paid by the funds in the BlackRock Fixed-Income Complex. The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by the Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. For the number of BlackRock-advised Funds from which each Independent Board Member receives compensation, see the Biographical Information Chart in the discussion of Proposal 1. Messrs. Perlowski and Fairbairn serve without compensation from the Fund because of their affiliation with BlackRock, Inc. and the Advisor. Catherine A. Lynch $1,254 (Fund) $520,453 (all BlackRock-advised funds) |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Each Independent Board Member is paid an annual retainer of $280,000 per year for his or her services as a Board Member of all funds in the Closed-End Complex that are overseen by the respective director/trustee... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by the Closed-End Complex for the most recently completed calendar year... Catherine A. Lynch: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Each Fund has a Compliance Committee composed of Cynthia L. Egan (Chair), Richard E. Cavanagh and R. Glenn Hubbard, all of whom are Independent Board Members. ... Each Fund has a Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards, all of whom are Independent Board Members. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively... The Independent Board Members have agreed that a maximum of 50% of each Independent Board Member's total compensation paid by funds in the BlackRock Fixed-Income Complex may be deferred pursuant to the BlackRock Fixed-Income Complex's deferred compensation plan. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... Total Compensation from Closed-End Complex: $258,333. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Ms. Lynch chairs the Discount Sub-Committee. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Governance Committee is composed of R. Glenn Hubbard (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan and Karen P. Robards. The Compliance Committee is composed of Cynthia L. Egan (Chair), Richard E. Cavanagh, R. Glenn Hubbard and W. Carl Kester. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch (1961) Director/ Trustee, Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. Chair of the Audit Committee, member of the Governance Committee, Performance Oversight Committee and Discount Sub-Committee. Total compensation from all BlackRock advised Funds: $520,453. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Catherine A. Lynch 55 East 52nd Street New York, NY 10055 1961 Director/Trustee 2016; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 74 RICs consisting of 74 Portfolios None |
| 2017-06-07 | Catherine A. Lynch 1961 Director/Trustee 2017; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of each Fund's Audit Committee. Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. ... The Governance Committee is composed of R. Glenn Hubbard (Chair), Richard E. Cavanagh, Michael J. Castellano, Cynthia L. Egan, Frank J. Fabozzi, Jerrold B. Harris, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, Jerrold B. Harris, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. ... The Audit Committee of each Fund consists of the following Board Members: Karen P. Robards (Chair); Michael J. Castellano; Frank J. Fabozzi; W. Carl Kester; and Catherine A. Lynch. |
| 2018-06-06 | Catherine A. Lynch 1961 Director/Trustee 2018; from 2016 to present ... Ms. Lynch's independence from the Funds and the Funds' investment advisor enhances her service as a member of the Performance Oversight Committee and Governance Committee. |
| 2019-06-11 | Catherine A. Lynch 1961 Director/Trustee 2019; from 2016 to present ... Ms. Lynch's knowledge of financial and accounting matters qualifies her to serve as a member of the Audit Committee. Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. The Discount Sub-Committee is responsible for performing a study of all aspects of market discounts for the Funds' share prices, with an emphasis on (i) defining the drivers of discounts, (ii) identifying potential solutions and (iii) implementing remedial action plans. Effective January 1, 2019, each Independent Board Member is paid an annual retainer of $330,000 per year ... The Chairs of the Audit Committee, Performance Oversight Committee, Compliance Committee, and Governance Committee are paid an additional annual retainer of $45,000, $30,000, $45,000 and $20,000, respectively. Each of the members of the Audit Committee and Compliance Committee is paid an additional annual retainer of $30,000 and $25,000, respectively ... The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member by each Fund during its most recently completed fiscal year and by all BlackRock-advised funds for the most recently completed calendar year. |
| 2020-06-09 | Catherine A. Lynch 1961 Director/Trustee 2020; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 88 RICs consisting of 112 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. The Performance Oversight Committee is composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. The Discount Sub-Committee is composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2020-11-04 | Catherine A. Lynch 1961 Board Member (Since 2016) Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch 1961 Director/Trustee 2021; from 2016 to present Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. 75 RICs consisting of 101 Portfolios None The Audit Committee of each Fund consists of the following Board Members: Michael J. Castellano (Chair); Frank J. Fabozzi; Catherine A. Lynch; and Karen P. Robards. Performance Oversight Committee composed of Frank J. Fabozzi (Chair), Michael J. Castellano, Richard E. Cavanagh, Cynthia L. Egan, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch and Karen P. Robards. Discount Sub-Committee composed of Catherine A. Lynch (Chair), Cynthia L. Egan, Frank J. Fabozzi and W. Carl Kester. |
| 2022-06-03 | Ms. Lynch's independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2023-05-23 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as a member of the Governance Committee and the Performance Oversight Committee. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch is also a trustee of PennyMac Mortgage Investment Trust, a specialty finance company that invests primarily in mortgage-related assets. Ms. Lynch also holds the designation of Chartered Financial Analyst. Ms. Lynch’s knowledge of financial and accounting matters qualifies her to serve as Chair of the Audit Committee. Ms. Lynch’s independence from the Funds and the Advisor enhances her service as the Chair of the Discount Committee and the Chair of the Securities Lending Committee, and a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2017-06-07 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2020-11-04 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| Filing Date | Source Excerpt |
|---|---|
| 2016-06-09 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2017-06-07 | Chief Executive Officer, Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2018-06-06 | Ms. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2019-06-11 | Ms. Lynch served as CEO and CIO of the National Railroad Retirement Investment Trust and holds the designation of Chartered Financial Analyst. No software or programming skills are mentioned. |
| 2020-06-09 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2021-06-08 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust. |
| 2022-06-03 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
| 2023-05-23 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Associate Vice President for Treasury Management, The George Washington University from 1999 to 2003. |
| 2024-06-05 | Catherine A. Lynch, who served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust, benefits the Boards by providing business leadership and experience and a diverse knowledge of pensions and endowments. |
Source material: SEC submissions metadata and DEF 14A proxy filings from EDGAR. Last updated: 2026-03-22