Michael Castellano - Blackrock Enhanced Independent Trustee

BDJ Fund  USD 8.79  0.06  0.68%   
Michael Castellano is Fund Manager at Blackrock Enhanced Equity
Mr. Michael J. Castellano is Independent Trustee of BlackRock Enhanced Equity Dividend Trust
Age 75
Tenure 14 years
Phone212 810 5300
Webhttps://www.blackrock.com/investing/products/240225/blackrock-enhanced-equity-dividend-trust-usd-fund
Castellano has served as Chief Financial Officer of Lazard Ltd. and as a Managing Director and Chief Financial Officer of Lazard Group. Prior to joining Lazard, Mr. Castellano held various senior management positions at Merrill Lynch & Co., including Senior Vice President — Chief Control Officer for Merrill Lynch’s capital markets businesses, Chairman of Merrill Lynch International Bank and Senior Vice President — Corporationrationrationrate Controller. Prior to joining Merrill Lynch & Co., Mr. Castellano was a partner with Deloitte & Touche where he served a number of investment banking clients over the course of his 24 years with the firm.

Blackrock Enhanced Management Performance (%)

The company has Return on Asset of 0.96 % which means that on every $100 spent on assets, it made $0.96 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (4.73) %, meaning that it generated no profit with money invested by stockholders. Blackrock Enhanced's management efficiency ratios could be used to measure how well Blackrock Enhanced manages its routine affairs as well as how well it operates its assets and liabilities.
Blackrock Enhanced Equity has 66.28 K in debt. Blackrock Enhanced Equity has a current ratio of 0.5, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Blackrock Enhanced until it has trouble settling it off, either with new capital or with free cash flow. So, Blackrock Enhanced's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Blackrock Enhanced Equity sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Blackrock to invest in growth at high rates of return. When we think about Blackrock Enhanced's use of debt, we should always consider it together with cash and equity.

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BlackRock Enhanced Equity Dividend Trust is a closed-ended equity mutual fund launched by BlackRock, Inc. BlackRock Enhanced Equity Dividend Trust was formed on August 31, 2005 and is domiciled in the United States. Blackrock Enhanced is traded on New York Stock Exchange in the United States. The fund is not filed under any group at the present time.

Management Performance

Blackrock Enhanced Equity Leadership Team

Elected by the shareholders, the Blackrock Enhanced's board of directors comprises two types of representatives: Blackrock Enhanced inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Blackrock. The board's role is to monitor Blackrock Enhanced's management team and ensure that shareholders' interests are well served. Blackrock Enhanced's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Blackrock Enhanced's outside directors are responsible for providing unbiased perspectives on the board's policies.
Henry Gabbay, Independent Trustee
Robert Hubbard, Independent Trustee
Phillip Holloman, Independent Trustee
Karen Robards, Independent Vice Chairman of the Board of Trustees
Richard Cavanagh, Independent Co-Chairman of the Board of Trustee
Charles Park, Chief Compliance Officer and Anti-Money Laundering Officer
Frank Fabozzi, Independent Trustee
Janey Ahn, Secretary
John Perlowski, President, Chief Executive Officer, Trustee
Michael Castellano, Independent Trustee
Cynthia Egan, Independent Trustee
Jay Fife, Treasurer
Jonathan Diorio, Vice President
Robert Fairbairn, Trustee
Neal Andrews, Chief Financial Officer
Trent Walker, Chief Financial Officer
Catherine Lynch, Independent Trustee
Stayce Harris, Independent Trustee
W Kester, Independent Trustee

Blackrock Fund Performance Indicators

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Other Information on Investing in Blackrock Fund

Blackrock Enhanced financial ratios help investors to determine whether Blackrock Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Blackrock with respect to the benefits of owning Blackrock Enhanced security.
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