Blackrock Preferred Opportunity Trust
BPP
New York Stock Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Bellevue Parkway Wilmington United States of America 19809
- IPO Date
- Oct 9, 2009
- CIK
- 0001223996
- Similar Companies
- Business
- BlackRock Preferred Opportunity Trust (NYSE: BPP) is a closed-end management investment company that seeks high current income consistent with capital preservation by investing primarily in preferred securities, corporate bonds, and related credit instruments including convertible securities. The Trust offers investors exposure to a diversified portfolio emphasizing preferred stocks and debt obligations across investment-grade and high-yield sectors such as financials, utilities, and industrials; it employs leverage through auction market preferred shares, historically at levels around 49% of total managed assets, to enhance yield potential. Headquartered in Wilmington, Delaware, at 100 Bellevue Parkway, the Trust was launched on February 28, 2003, and trades on the New York Stock Exchange, targeting income-oriented investors including retail and institutional shareholders seeking monthly distributions currently annualized at approximately $1.50 per common share. The Trust maintains a focus on U.S.-centric operations with holdings in domestic issuers, though it may opportunistically include global credit-related securities to optimize income generation. Recent strategic adjustments within BlackRock's closed-end fund lineup, including peers like BPP, involve updates to investment objectives announced in September 2025 to prioritize total return and income through current income and long-term capital appreciation, alongside the removal of certain options-writing strategies for better alignment with market opportunities. No specific acquisitions, funding rounds, or product launches directly impact BPP in the last 1-2 years; however, BlackRock's broader 2024-2025 initiatives, such as the closure of the GIP transaction and planned HPS Investment Partners acquisition, enhance the parent's private markets capabilities, indirectly supporting portfolio management expertise for funds like BPP. Note that BPP ceased trading as BlackRock Credit Allocation Income Trust III on December 10, 2012, though legacy descriptions persist in financial databases.