BGR submitted an N-CEN annual report for registered investment companies that provides selected operational figures.
The report lists a monthly average value of portfolio securities on loan of 28,875,000, net income from securities lending of 83, aggregate brokerage commissions of 370,602.27, and principal transaction activity including a counterparty with total purchases and sales of 208,304,756.34.
BlackRock Energy and Resources Trust (BGR) changed its principal investment strategies and removed its options writing strategy effective November 10, 2025, and reports year-end portfolio, distribution and performance metrics as of December 31, 2025.
The Trust paid a current monthly distribution of $0.097300 (annualized $1.167600), implying a current distribution rate of 8.62% on the closing market price of $13.54. Market price closed at $13.54 and NAV at $14.18. Top holdings included Exxon Mobil Corp. (21.0%), Chevron Corp. (11.9%) and Shell PLC (10.4%). Sector weighting was concentrated in integrated oil & gas at 53.8%.
BlackRock Energy & Resources Trust vice president Minar Stephen Thomas reported buying common shares of BGR in the open market. On February 10, 2026, he made four direct purchases totaling 4,320 shares at prices between $14.90 and $14.93 per share, increasing his directly held stake.
BlackRock Energy & Resources Trust portfolio manager Kyle McClements reported a same‑day exercise and sale of common shares. On January 30, 2026, he acquired 2,203.3709 shares of common stock through a transaction coded "M" and then sold 2,203.3709 shares at $15.52 per share.
After these transactions, he directly held 2,686.053 common shares. The filing also shows movements in cash-settled incentive awards: 887.5871 phantom shares, 807.2371 phantom shares, and 508.5468 phantom shares were converted into equivalent common stock amounts, adjusting his remaining phantom share balances.
Phantom shares are described as the economic equivalent of common stock that, once vested under prior grants from 2023, 2024, and 2025, are payable in cash rather than stock.
BlackRock Energy & Resources Trust portfolio manager Mark Hume reported multiple equity-related transactions dated January 30, 2026. He exercised 1,165.2471 phantom share-linked rights into an equal number of common shares and then disposed of 1,165.2471 common shares at a price of $15.52 per share, leaving no directly held common stock.
On the same date, he was granted 632.4162 phantom shares at a reference value of $15.52, bringing his directly held phantom share balance to 632.4162. The filing explains that each phantom share is economically equivalent to one common share and, after vesting in equal installments over three years, becomes payable in cash.
BlackRock Energy & Resources Trust portfolio manager Alastair Bishop reported compensation-related equity activity. On January 30, 2026, he received 3,047.9381 phantom shares, which track the value of one common share each and are payable in cash as they vest over time.
That same day, Bishop exercised previously granted phantom shares into 5,133.5159 common shares and then disposed of those 5,133.5159 common shares at $15.52 per share, leaving him with no directly held common stock but ongoing phantom share interests subject to their vesting schedules.