Corporate Board Profile
Tech Score: 0/100
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007. |
| 2011-06-16 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Boards with insight into investment company operational, financial and investment matters. |
| 2012-06-11 | Dr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbays many years of experience in administration, finance and financial services operations. Mr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay’s experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments as well as enhanced oversight of its investment decisions and investment valuation processes. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain Closed-End Funds in the BlackRock fund complex from 1989 to 2006. |
| 2012-06-11 | Dr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbay’s many years of experience in administration, finance and financial services operations. Mr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay’s experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2010-07-23 | The Boards benefit from Dr. Gabbays many years of experience in administration, finance and financial services operations. Dr. Gabbays experience as a Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Boards with insight into investment company operational, financial and investment matters. |
| 2011-06-16 | Managing Director of BlackRock, Inc.; Chief Administrative Officer of BlackRock Advisors, LLC. |
| 2012-06-11 | Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. |
| 2013-06-13 | Managing Director of BlackRock; Chief Administrative Officer of BlackRock Advisors, LLC; President of BlackRock Funds. |
| 2014-06-13 | Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. |
| 2019-06-11 | Managing Director, BlackRock, Inc.; Chief Administrative Officer, BlackRock Advisors, LLC; President of BlackRock Funds. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007. |
| 2010-07-23 | Managing Director, BlackRock, Inc.; Chief Administrative Officer, BlackRock Advisors, LLC; President of BlackRock Funds. |
| 2011-06-16 | Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007. |
| 2012-06-11 | Managing Director of BlackRock; Chief Administrative Officer of BlackRock Advisors, LLC; President of BlackRock Funds. |
| 2013-06-13 | Managing Director of BlackRock; Chief Administrative Officer of BlackRock Advisors, LLC; President of BlackRock Funds. |
| 2014-06-13 | Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay’s experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2009-07-17 | Mr. Gabbay, a former employee and consultant of BlackRock, and currently an interested person of the Funds, received compensation in the amount noted below for services rendered as an employee. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds. |
| 2010-07-23 | Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex and two complexes of open-end funds (the Equity-Liquidity Complex and the Equity-Bond Complex; each such complex, a BlackRock Fund Complex). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $487,500 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). |
| 2013-06-13 | Henry Gabbay 1947 Director/Trustee 2013;2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. Dr. Gabbay is an "interested person" (as defined in the 1940 Act) of the Funds by virtue of his ownership of BlackRock and/or The PNC Financial Service Group, Inc. securities. Dr. Gabbay serves as a member of the Leverage Committee. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2016;2007 to present Mr. Gabbay is an 3interested person 4 of the Funds (as defined in the 1940 Act) and serves as an interested Board Member of three groups of BlackRock-advised funds 7 the Closed-End Complex, the Equity-Liquidity Complex and the Equity-Bond Complex. Mr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $550,000, paid quarterly in arrears, allocated to the BlackRock-advised funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Mr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Mr. Gabbay9s compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/ Trustee 2019 for all Funds; from 2019 to present Board Member, BlackRock Equity-Bond Board from 2007 to 2018; Board Member, BlackRock Equity-Liquidity and BlackRock Closed-End Fund Boards from 2007 through 2014; Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Allocation Target Shares (formerly, BlackRock Bond Allocation Target Shares) from 2005 to 2007 and Treasurer of certain BlackRock Closed-End Funds from 1989 to 2006. 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2008-07-31 | Henry Gabbay Director/Trustee since 2007 to present. He is an interested person and receives no compensation from the Funds. |
| 2009-07-17 | Henry Gabbay Interested Director/ Trustee 1947 Consultant, BlackRock, Inc. Mr. Gabbay receives an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds. |
| 2010-07-23 | Henry Gabbay ... Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2012-06-19 | Henry Gabbay Director/Trustee 2013; 2007 to present Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds — the Closed-End Complex and two complexes of open-end funds (the “Equity-Liquidity Complex” and the “Equity-Bond Complex”; each such complex, a “BlackRock Fund Complex”). Dr. Gabbay serves as a member of the Leverage Committee. Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (including the Funds) (i) an annual retainer of $531,250 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). |
| 2014-06-13 | Henry Gabbay Director/Trustee 2016; 2007 to present Member of Leverage Committee. Mr. Gabbay is an interested person of the Funds and receives an annual retainer of $550,000 allocated among BlackRock Fund Complexes including the Funds, which is 75% of the Independent Board Member retainer and meeting fees. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members. |
| 2019-06-11 | Henry Gabbay, born 1947, Director/ Trustee, serving since 2019. Committees: Audit, Governance, Performance Oversight. Annual compensation $352,500. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain Closed-End Funds in the BlackRock fund complex from 1989 to 2006. |
| 2012-06-11 | Dr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | Dr. Gabbay was Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds. |
| 2014-06-13 | The Boards benefit from Mr. Gabbay’s many years of experience in administration, finance and financial services operations. Mr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s experience includes roles as Managing Director and Chief Administrative Officer at BlackRock, with focus on investment portfolios and fund operations. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2011-06-16 | Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex and two complexes of open-end funds (the Equity-Liquidity Complex and the Equity-Bond Complex). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $487,500 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). |
| 2012-06-11 | Henry Gabbay 55 East 52nd Street New York, NY 10055 1947 Director/Trustee 2013;2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 157 RICs consisting of 280 Portfolios None |
| 2014-06-13 | Henry Gabbay Director/Trustee 2016;2007 to present ...Mr. Gabbay serves as a member of the Leverage Committee. Mr. Gabbay is an "interested person" of the Funds (as defined in the 1940 Act) and serves as an interested Board Member of three groups of BlackRock-advised funds the Closed-End Complex, the Equity-Liquidity Complex and the Equity-Bond Complex. Mr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $550,000, paid quarterly in arrears, allocated to the BlackRock-advised funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Mr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/ Trustee 2019 for all Funds; from 2019 to present Board Member, BlackRock Equity-Bond Board from 2007 to 2018; Board Member, BlackRock Equity-Liquidity and BlackRock Closed-End Fund Boards from 2007 through 2014; Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Allocation Target Shares (formerly, BlackRock Bond Allocation Target Shares) from 2005 to 2007 and Treasurer of certain BlackRock Closed-End Funds from 1989 to 2006. The Boards benefit from Mr. Gabbay's many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay's experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments as well as enhanced oversight of its investment decisions and investment valuation processes. In addition, Mr. Gabbay's former positions as Chief Administrative Officer of BlackRock Advisors, LLC and as Treasurer of certain BlackRock Closed-End Funds, as well as his former positions on the boards of directors/trustees of certain funds in the BlackRock Multi-Asset Complex and the BlackRock Fixed-Income Complex, provide the Boards with direct knowledge of the operations of the Funds and the Advisor. Mr. Gabbay's previous service on and long-standing relationship with the Boards also provide him with a specific understanding of the Funds, their operations, and the business and regulatory issues facing the Funds. Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his service as a member of the Governance Committee and the Performance Oversight Committee. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007. |
| 2011-06-16 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Boards with insight into investment company operational, financial and investment matters. |
| 2012-06-11 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbay’s many years of experience in administration, finance and financial services operations. Mr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay’s experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2012-06-11 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbay’s many years of experience in administration, finance and financial services operations. Mr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. ... Mr. Gabbay’s former positions as Chief Administrative Officer of BlackRock Advisors, LLC and as Treasurer of certain BlackRock Closed-End Funds. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007. |
| 2012-06-11 | Dr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbay’s many years of experience in administration, finance and financial services operations. Mr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s experience includes roles as Managing Director and Chief Administrative Officer at BlackRock, with focus on investment portfolios and fund operations. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2009-07-17 | Henry Gabbay is a Director/Trustee and an interested person of the Funds. He is a member of the Ad Hoc AMPS Committee. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds, based on their net assets. He also receives meeting fees for attendance at Board meetings held by two open-end fund complexes. |
| 2010-07-23 | Henry Gabbay - Director/ Trustee. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds. Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes an annual retainer of $487,500 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets. |
| 2011-06-16 | Henry Gabbay Director and Interested Board Member ...Dr. Gabbay serves as a member of the ad hoc AMPS Committee. ...Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds... Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each retainer and, as applicable, of each meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards. |
| 2012-06-11 | Henry Gabbay Director/Trustee Member of the Leverage Committee Interested person of the Funds Receives annual retainer of $531,250 allocated to the funds in the BlackRock Fund Complexes including the Funds. |
| 2013-06-13 | Henry Gabbay Director/Trustee 2013; 2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 155 RICs consisting of 282 Portfolios None |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014;2007 topresent Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None Mr. Gabbay serves as a member of the Leverage Committee. Mr. Gabbay has informed the Board that, if elected, he intends to retire from the Board of each Fund on or about December 31, 2014. Mr. Gabbay is an "interested person" of the Funds (as defined in the 1940 Act) and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex, the Equity-Liquidity Complex and the Equity-Bond Complex. Mr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $550,000, paid quarterly in arrears, allocated to the BlackRock-advised funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Mr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2009-07-17 | Henry Gabbay Director/ Trustee and Interested Person 2007 to present 40 East 52nd Street New York, NY 10022-5911 1947 |
| 2010-07-23 | Henry Gabbay ... serves as a member of the ad hoc AMPS Committee. |
| 2011-06-16 | Henry Gabbay Director/Trustee ...Dr. Gabbay serves as a member of the ad hoc AMPS Committee. ...Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds. ...Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each retainer and, as applicable, of each meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards. ...The following table sets forth the aggregate compensation, including deferred compensation amounts, paid to each Independent Board Member and Dr. Gabbay by each Fund during its most recently completed fiscal year and by the Closed-End Complex for the most recently completed calendar year. ...Dr. Gabbay's compensation for the most recent fiscal year is $0. |
| 2012-06-11 | Henry Gabbay Interested Board Member Compensation: $531,250 annual retainer allocated to the funds in the BlackRock Fund Complexes including the Funds. Member of the Leverage Committee. |
| 2013-06-13 | Henry Gabbay Director/Trustee 2013; 2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 155 RICs consisting of 282 Portfolios None |
| 2014-06-13 | Henry Gabbay 55 East 52nd Street New York, NY 10055 1947 Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None The Boards have six standing Committees: an Audit Committee, a Governance and Nominating Committee, a Compliance Committee, a Performance Oversight Committee, a Leverage Committee and an Executive Committee. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. 184 registered investment companies consisting of 171 portfolios None. |
| 2008-07-31 | Henry Gabbay is an Interested Director and Trustee by virtue of his position with BlackRock. He is a member of the AMPS Committee. The Funds do not provide compensation to any Board Member who is an interested person. |
| 2009-07-17 | Mr. Gabbay, a former employee and consultant of BlackRock, and currently an interested person of the Funds, received compensation in the amount noted below for services rendered as an employee. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds. |
| 2010-07-23 | Henry Gabbay 55 East 52nd Street New York, NY 10055 1947 Director/ Trustee 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 169 RICs consisting of 292 Portfolios None Dr. Gabbay's long-standing service on the Boards also provides him with a specific understanding of the Funds, their operations, and the business and regulatory issues facing the Funds. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2012-06-11 | Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex and two complexes of open-end funds (the Equity-Liquidity Complex and the Equity-Bond Complex; each such complex, a BlackRock Fund Complex). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $531,250 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Dr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2013-06-13 | Henry Gabbay Director/Trustee 2013; 2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 155 RICs consisting of 282 Portfolios None Compensation: Dr. Gabbay is an interested person of the Funds and receives an annual retainer of $550,000 allocated to the funds in the BlackRock Fund Complexes. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None The Leverage Committee is composed of Richard E. Cavanagh (Chair), Karen P. Robards, Frank J. Fabozzi, Henry Gabbay and W. Carl Kester. Mr. Gabbay has informed the Board that, if elected, he intends to retire from the Board of each Fund on or about December 31, 2014. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ...Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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 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. Henry Gabbay: $352,500. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2009-07-17 | Henry Gabbay is Director/Trustee and Interested Director since 2007 to present. He serves on the AMPS Committee. He received compensation of $57,483 for services rendered as an employee and $57483 as Board Member compensation. |
| 2011-06-16 | Henry Gabbay Director/Trustee Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. The Boards of the AMPS Funds established an ad hoc Committee on AMPS (the AMPS Committee) in March 2008. The current members of the AMPS Committee are: Richard E. Cavanagh (Chair), Karen P. Robards, Frank J. Fabozzi, Henry Gabbay and W. Carl Kester. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds—the Closed-End Complex and two complexes of open-end funds (the Equity-Liquidity Complex and the Equity-Bond Complex; each such complex, a BlackRock Fund Complex). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $487,500 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Dr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each retainer and, as applicable, of each meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards. |
| 2012-06-11 | Henry Gabbay Director/Trustee Committees: Leverage Committee Compensation: $531,250 annual retainer allocated to the funds in the BlackRock Fund Complexes including the Closed-End Complex. |
| 2014-06-13 | Henry Gabbay 55 East 52nd Street New York, NY 10055 1947 Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None The Leverage Committee is composed of Richard E. Cavanagh (Chair), Karen P. Robards, Frank J. Fabozzi, Henry Gabbay and W. Carl Kester. Mr. Gabbay has informed the Board that, if elected, he intends to retire from the Board of each Fund on or about December 31, 2014. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2009-07-17 | Henry Gabbay is a Director/Trustee and an interested person of the Funds. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds, based on their net assets. Mr. Gabbay is a member of the AMPS Committee. |
| 2010-07-23 | Dr. Gabbay 2s long-standing service on the Boards also provides him with a specific understanding of the Funds, their operations, and the business and regulatory issues facing the Funds. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2013-06-13 | Henry Gabbay Director/Trustee 2013; 2007 to present Consultant, BlackRock from 2007 to 2008; Managing Director, BlackRock from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 155 RICs consisting of 282 Portfolios None Compensation: Dr. Gabbay is an interested person and receives an annual retainer of $550,000 allocated to the funds in the BlackRock Fund Complexes. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None Mr. Gabbay is an "interested person" of the Funds and receives an annual retainer of $550,000 paid quarterly in arrears allocated to the BlackRock-advised funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 and $18,750 respectively for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2011-06-16 | Henry Gabbay Director/Trustee ...Dr. Gabbay serves as a member of the ad hoc AMPS Committee. ...Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds. ...Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each retainer and, as applicable, of each meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards. |
| 2012-06-11 | Henry Gabbay Director/Trustee An interested person of the Funds. Compensation: $531,250 annual retainer allocated to the funds in the BlackRock Fund Complexes including the Funds. Member of the Leverage Committee. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. Committees: Leverage Committee. Compensation: Mr. Gabbay is an interested person and receives $550,000 annual retainer allocated among funds, with 75% of Independent Board Member retainer and fees. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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 ... 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2008-07-31 | Henry Gabbay is an Interested Director/Trustee since 2007 and serves on the AMPS Committee. Interested Directors do not receive compensation from the Funds. |
| 2009-07-17 | Henry Gabbay Director/ Trustee 40 East 52nd Street New York, NY 10022-5911 1947 The Funds do not provide compensation to any Board Member who is an "interested person," as defined in the 1940 Act; provided, however, that Mr. Gabbay, a former employee and consultant of BlackRock, and currently an interested person of the Funds, received compensation in the amount noted below for services rendered as an employee. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds, based on their net assets. In addition, Mr. Gabbay receives meeting fees for attendance at Board meetings held by two open-end fund complexes. Mr. Gabbay's compensation from Fund Complex is $20,195. |
| 2011-06-16 | Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2012-06-11 | Henry Gabbay Director/Trustee Age 65 (born 1947) Committees: Leverage Committee Compensation: Interested Board Member; receives annual retainer of $531,250 allocated to the funds in the BlackRock Fund Complexes including the Funds. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014;2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None The Leverage Committee composed of Richard E. Cavanagh (Chair), Karen P. Robards, Frank J. Fabozzi, Henry Gabbay and W. Carl Kester. Mr. Gabbay is an "interested person" of the Funds (as defined in the 1940 Act) and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex, the Equity-Liquidity Complex and the Equity-Bond Complex. Mr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $550,000, paid quarterly in arrears, allocated to the BlackRock-advised funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Mr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Mr. Gabbay's compensation for serving on the boards of the funds in these three BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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... 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2009-07-17 | Henry Gabbay 40 East 52nd Street New York, NY 10022-5911 1947 Director/ Trustee 2007 to present Mr. Gabbay, a former employee and consultant of BlackRock, and currently an interested person of the Funds, received compensation in the amount noted below for services rendered as an employee. Effective January 1, 2009, Mr. Gabbay receives as compensation for his services as a Board Member of the Funds in the Fund Complex and other BlackRock-advised funds, an annual retainer of $412,500 allocated to the Funds and other BlackRock-advised funds, based on their net assets. |
| 2010-07-23 | Henry Gabbay is Director/ Trustee. Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised funds. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2012-06-11 | Henry Gabbay Director/Trustee Henry Gabbay is a member of the Leverage Committee. Appendix B shows compensation of $212,500 for Henry Gabbay. |
| 2013-06-13 | Henry Gabbay Director/Trustee 2013; 2007 to present ...Dr. Gabbay serves as a member of the Leverage Committee. Dr. Gabbay is an "interested person" of the Funds and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex and two complexes of open-end funds (the "Equity-Liquidity Complex" and the "Equity-Bond Complex"; each such complex, a "BlackRock Fund Complex"). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $550,000 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014; 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None Mr. Gabbay is an interested person of the Funds and receives compensation as described in Appendix B. He serves on the Leverage Committee. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Henry Gabbay***(3) Age: 59 N/A N/A Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock FundsSM and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). None. |
| 2010-07-23 | Henry Gabbay 55 East 52nd Street New York, NY 10055 1947 Director/ Trustee 2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. 169 RICs consisting of 292 Portfolios None The Boards benefit from Dr. Gabbay's many years of experience in administration, finance and financial services operations. Dr. Gabbay's former positions as Chief Administrative Officer of BlackRock Advisors, LLC and as Treasurer of certain closed-end funds in the Closed-End Complex provide the Boards with direct knowledge of the operations of the Funds and their investment advisers. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2011-06-16 | Henry Gabbay Director/Trustee Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the Closed-End Complex from 1989 to 2006. The Boards of the AMPS Funds established an ad hoc Committee on AMPS (the AMPS Committee) in March 2008. The current members of the AMPS Committee are: Richard E. Cavanagh (Chair), Karen P. Robards, Frank J. Fabozzi, Henry Gabbay and W. Carl Kester. Dr. Gabbay serves as a member of the ad hoc AMPS Committee. |
| 2012-06-11 | Henry Gabbay Director/Trustee Dr. Gabbay is an interested person of the Funds and serves as an interested Board Member of three groups of BlackRock-advised fundsthe Closed-End Complex and two complexes of open-end funds (the Equity-Liquidity Complex and the Equity-Bond Complex; each such complex, a BlackRock Fund Complex). Dr. Gabbay receives for his services as a Board Member of such BlackRock Fund Complexes (i) an annual retainer of $531,250 allocated to the funds in these three BlackRock Fund Complexes, including the Funds, based on their relative net assets and (ii) with respect to each of the two open-end BlackRock Fund Complexes, a Board meeting fee of $3,750 (with respect to meetings of the Equity-Liquidity Complex) and $18,750 (with respect to meetings of the Equity-Bond Complex) to be paid for attendance at each Board meeting up to five Board meetings held in a calendar year by each such complex (compensation for meetings in excess of this number to be determined on a case-by-case basis). Dr. Gabbay is also reimbursed for out-of-pocket expenses in accordance with a Board policy on travel and other business expenses relating to attendance at meetings. Dr. Gabbay's compensation for serving on the boards of the funds in these BlackRock Fund Complexes (including the Funds) is equal to 75% of each Board Member retainer and, as applicable, of each Board meeting fee (without regard to additional fees paid to Board and Committee chairs) received by the Independent Board Members serving on such boards, as well as the full Leverage Committee member retainer. |
| 2014-06-13 | Henry Gabbay Director/Trustee 2014;2007 to present Consultant, BlackRock, Inc. from 2007 to 2008; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain closed-end funds in the BlackRock fund complex from 1989 to 2006. 144 RICs consisting of 333 Portfolios None Mr. Gabbay is an interested person of the Funds based on his former positions with BlackRock, Inc. and its affiliates as well as his ownership of BlackRock, Inc. and The PNC Financial Services Group, Inc. securities. Mr. Audet and Mr. Gabbay are also board members of two complexes of BlackRock registered open-end funds, the BlackRock Equity-Liquidity Complex and the BlackRock Equity-Bond Complex. Interested Board Members serve until their resignation, removal or death, or until December 31 of the year in which they turn 72. The maximum age limitation may be waived as to any Board Member by action of a majority of the Board Members upon a finding of good cause therefor. |
| 2019-06-11 | Henry Gabbay 1947 Director/Trustee 2019; from 2019 to present ... Mr. Gabbay's knowledge of financial and accounting matters qualifies him to serve as a member of the Audit Committee. Mr. Gabbay's independence from the Funds and the Advisor enhances his 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 ... 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. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2008-07-31 | Consultant, BlackRock, Inc. since 2007; Formerly Managing Director, BlackRock, Inc. from 1989 to 2007. |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007; Treasurer of certain Closed-End Funds in the BlackRock fund complex from 1989 to 2006. |
| 2011-06-16 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Boards with insight into investment company operational, financial and investment matters. |
| 2012-06-11 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | Dr. Gabbay was Managing Director of BlackRock and Chief Administrative Officer of BlackRock Advisors, LLC. |
| 2014-06-13 | The Boards benefit from Mr. Gabbays many years of experience in administration, finance and financial services operations. Mr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. In particular, Mr. Gabbay’s experience as a Consultant for and Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Funds with greater insight into the analysis and evaluation of both its existing investment portfolios and potential future investments as well as enhanced oversight of its investment decisions and investment valuation processes. |
| Filing Date | Source Excerpt |
|---|---|
| 2007-07-02 | Consultant, BlackRock (since July 2007); Managing Director, BlackRock, Inc. (1989–June 2007); Chief Administrative Officer, BlackRock Advisors, LLC (1998–2007); President of BlackRock Funds and BlackRock Bond Allocation Target Shares (2005–2007); Treasurer of certain closed-end funds in the Fund complex (1989–2006). |
| 2009-07-17 | Consultant, BlackRock, Inc. from 2007 to 2009; Managing Director, BlackRock, Inc. from 1989 to 2007; Chief Administrative Officer, BlackRock Advisors, LLC from 1998 to 2007; President of BlackRock Funds and BlackRock Bond Allocation Target Shares from 2005 to 2007. |
| 2011-06-16 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Inc., Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Boards with insight into investment company operational, financial and investment matters. |
| 2012-06-11 | Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2013-06-13 | The Boards benefit from Dr. Gabbay’s many years of experience in administration, finance and financial services operations. Dr. Gabbay’s experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2014-06-13 | The Boards benefit from Mr. Gabbays many years of experience in administration, finance and financial services operations. Mr. Gabbays experience as a Managing Director of BlackRock, Chief Administrative Officer of BlackRock Advisors, LLC and President of BlackRock Funds provides the Board with insight into investment company operational, financial and investment matters. |
| 2019-06-11 | Mr. Gabbay’s many years of experience in finance provide the Boards with a wealth of practical business knowledge and leadership. He has held senior management roles at BlackRock but no software or programming background is mentioned. |
Data sourced from SEC filings. Last updated: 2026-02-03