BlackRock Investment Quality Municipal Closed Fund (BKN) - Net Assets
Based on the latest financial reports, BlackRock Investment Quality Municipal Closed Fund (BKN) has net assets worth $199.97 Million USD as of July 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($340.95 Million) and total liabilities ($140.98 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check BKN tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $199.97 Million |
| % of Total Assets | 58.65% |
| Annual Growth Rate | -3.7% |
| 5-Year Change | -30.42% |
| 10-Year Change | -51.8% |
| Growth Volatility | 18.52 |
BlackRock Investment Quality Municipal Closed Fund - Net Assets Trend (2007–2025)
This chart illustrates how BlackRock Investment Quality Municipal Closed Fund's net assets have evolved over time, based on quarterly financial data. See how many days can BlackRock Investment Quality Municipal C fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for BlackRock Investment Quality Municipal Closed Fund (2007–2025)
The table below shows the annual net assets of BlackRock Investment Quality Municipal Closed Fund from 2007 to 2025. For live valuation and market cap data, see BlackRock Investment Quality Municipal C market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-07-31 | $199.97 Million | -11.05% |
| 2024-07-31 | $224.82 Million | -2.41% |
| 2023-07-31 | $230.38 Million | -3.06% |
| 2022-07-31 | $237.65 Million | -17.31% |
| 2021-07-31 | $287.40 Million | +12.32% |
| 2020-07-31 | $255.88 Million | -5.48% |
| 2019-07-31 | $270.71 Million | +3.25% |
| 2018-07-31 | $262.20 Million | -32.85% |
| 2017-07-31 | $390.45 Million | -5.89% |
| 2016-07-31 | $414.90 Million | +3.16% |
| 2015-07-31 | $402.21 Million | +52.76% |
| 2014-07-31 | $263.30 Million | -6.14% |
| 2013-07-31 | $280.51 Million | -13.36% |
| 2009-07-31 | $323.78 Million | +5.40% |
| 2008-07-31 | $307.19 Million | -22.00% |
| 2007-07-31 | $393.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to BlackRock Investment Quality Municipal Closed Fund's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 339.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (July 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $233.46 Million | 116.75% |
| Total Equity | $199.97 Million | 100.00% |
BlackRock Investment Quality Municipal Closed Fund Competitors by Market Cap
The table below lists competitors of BlackRock Investment Quality Municipal Closed Fund ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shalby Limited
NSE:SHALBY
|
$198.22 Million |
|
Silver Mines Ltd
AU:SVL
|
$198.26 Million |
|
Donpon Precision
TWO:3290
|
$198.39 Million |
|
Jay Bharat Maruti Limited
NSE:JAYBARMARU
|
$198.49 Million |
|
Formosa Laboratories Inc
TW:4746
|
$198.15 Million |
|
Arcturus Therapeutics Holdings Inc
NASDAQ:ARCT
|
$198.14 Million |
|
Sapura Energy Bhd
KLSE:5218
|
$198.13 Million |
|
Bukaka Teknik Utama Tbk Pt
JK:BUKK
|
$198.04 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in BlackRock Investment Quality Municipal Closed Fund's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 224,816,030 to 199,965,064, a change of -24,850,966 (-11.1%).
- Net loss of 13,082,167 reduced equity.
- Dividend payments of 12,704,248 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-13.08 Million | -6.54% |
| Dividends Paid | $12.70 Million | -6.35% |
| Other Changes | $935.45K | +0.47% |
| Total Change | $- | -11.05% |
Book Value vs Market Value Analysis
This analysis compares BlackRock Investment Quality Municipal Closed Fund's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.71x to 0.99x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-07-31 | $16.35 | $11.54 | x |
| 2014-07-31 | $15.34 | $11.54 | x |
| 2015-07-31 | $23.42 | $11.54 | x |
| 2016-07-31 | $24.16 | $11.54 | x |
| 2017-07-31 | $22.72 | $11.54 | x |
| 2018-07-31 | $15.22 | $11.54 | x |
| 2019-07-31 | $15.59 | $11.54 | x |
| 2020-07-31 | $14.51 | $11.54 | x |
| 2021-07-31 | $16.75 | $11.54 | x |
| 2022-07-31 | $13.78 | $11.54 | x |
| 2023-07-31 | $13.21 | $11.54 | x |
| 2024-07-31 | $13.07 | $11.54 | x |
| 2025-07-31 | $11.62 | $11.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently BlackRock Investment Quality Municipal Closed Fund utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -139.08%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.71x
- Recent ROE (-6.54%) is below the historical average (1.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 1.16% | 21.57% | 0.05x | 1.01x | $-34.82 Million |
| 2008 | -15.89% | -233.98% | 0.06x | 1.05x | $-79.53 Million |
| 2009 | 7.46% | 80.98% | 0.09x | 1.06x | $-8.24 Million |
| 2013 | 11.89% | 164.88% | 0.05x | 1.58x | $5.29 Million |
| 2014 | -0.34% | -4.48% | 0.05x | 1.60x | $-27.22 Million |
| 2015 | 7.26% | 150.12% | 0.04x | 1.09x | $-11.02 Million |
| 2016 | 6.82% | 147.12% | 0.04x | 1.10x | $-13.19 Million |
| 2017 | -1.45% | -30.31% | 0.04x | 1.08x | $-44.72 Million |
| 2018 | 4.93% | 93.21% | 0.03x | 1.67x | $-13.30 Million |
| 2019 | 7.51% | 95.53% | 0.05x | 1.66x | $-6.75 Million |
| 2020 | -1.17% | 0.00% | 0.00x | 1.72x | $-28.59 Million |
| 2021 | 15.58% | 97.82% | 0.10x | 1.63x | $16.04 Million |
| 2022 | -15.24% | 0.00% | -0.08x | 1.76x | $-59.99 Million |
| 2023 | -0.71% | 0.00% | 0.00x | 1.59x | $-24.68 Million |
| 2024 | 3.33% | 55.50% | 0.04x | 1.48x | $-14.99 Million |
| 2025 | -6.54% | -139.08% | 0.03x | 1.71x | $-33.08 Million |
Industry Comparison
This section compares BlackRock Investment Quality Municipal Closed Fund's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $1,682,064,627
- Average return on equity (ROE) among peers: -32.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| BlackRock Investment Quality Municipal Closed Fund (BKN) | $199.97 Million | 1.16% | 0.71x | $198.21 Million |
| Acadian Asset Management Inc (AAMI) | $87.10 Million | 97.59% | 7.07x | $1.86 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.62 Billion | 23.79% | 0.00x | $3.27 Billion |
| Associated Capital Group Inc (AC) | $1.14 Billion | 5.20% | 0.06x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $477.47 Million | 10.91% | 0.11x | $265.69 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $1.40 Million | -229.54% | 1.40x | $194.14 Million |
| Alpha Compute Corp (ALP) | $481.93K | -226.09% | 0.20x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $782.49 Million | -21.16% | 0.62x | $296.12 Million |
| Affiliated Managers Group Inc (AMG) | $5.39 Billion | 12.79% | 0.61x | $9.37 Billion |
| Ameriprise Financial Inc (AMP) | $7.29 Billion | 9.95% | 10.74x | $40.38 Billion |
| AMTD IDEA Group (AMTD) | $33.87 Million | -5.16% | 13.38x | $40.58 Million |
About BlackRock Investment Quality Municipal Closed Fund
BlackRock Investment Quality Municipal Trust Inc. is a closed ended fixed income mutual fund launched by BlackRock, Inc. It is managed by BlackRock Advisors, LLC. The fund invests in fixed income markets. It invests primarily in investment grade municipal bonds municipal obligations exempt from federal income taxes. Blackrock Investment Quality Municipal Trust Inc. was formed on February 28, 1993… Read more