Corporate Board Profile
Tech Score: 0/100
| 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 | 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. |
| 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. |
| 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 | Ms. Lynch has served as CEO and CIO of an investment trust, with no indication of software or programming expertise. |
| 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 | 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 | 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. |
| 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 | 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. |
| 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, 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. |
| 2020-06-09 | 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; 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, 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. |
| 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 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 | 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 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. |
| 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. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2019-06-11 | Chief Executive Officer, Chief Investment Officer of National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2020-06-09 | 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; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016. |
| 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 | 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 | 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. |
| 2018-06-06 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2019-06-11 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2020-06-09 | 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; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust and holds the designation of Chartered Financial Analyst. |
| 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 | 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 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2018-06-06 | Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2019-06-11 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2020-06-09 | 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; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Catherine A. Lynch served as the Chief Executive Officer and Chief Investment Officer of the National Railroad Retirement Investment Trust and holds the designation of Chartered Financial Analyst. |
| 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 Board 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 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. |
| 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, 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. |
| 2020-06-09 | 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; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 2021-06-08 | Chief Executive Officer, Chief Investment Officer, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 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 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. |
| 2018-06-06 | Chief Executive Officer, Chief Investment Officer and various other positions, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 2019-06-11 | Chief Executive Officer, Chief Investment Officer, National Railroad Retirement Investment Trust from 2003 to 2016; Chartered Financial Analyst. |
| 2020-06-09 | 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; 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, 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 | 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, 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. |
| 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. Ms. Lynch also holds the designation of Chartered Financial Analyst. |
| 2019-06-11 | 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. |
| 2020-06-09 | 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; Assistant Treasurer, Episcopal Church of America from 1995 to 1999. |
| 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 | Chief Executive Officer and Chief Investment Officer, National Railroad Retirement Investment Trust; Chartered Financial Analyst. |
| 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. |
Data sourced from SEC filings. Last updated: 2025-12-06