NYSE : BHK
$0.01 (0.11%)
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BHK: Higher Interest Rates Can Lead To NAV Erosion (Rating Downgrade)
BlackRock Core Bond Trust is downgraded due to unsustainable payouts and persistent NAV erosion. BHK trades at a historically wide 6.88% discount to NAV, but this does not offset concerns over earnings and dividend coverage. Net investment income remains insufficient to cover the 10% yield, with increasing reliance on return of capital distributions. seekingalpha.com - 2026-06-11 07:17:44 |