N-Q 1 d330815dnq.htm BLACKROCK ENERGY & RESOURCES TRUST BlackRock Energy & Resources Trust

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: 811-21656

Name of Fund:  BlackRock Energy and Resources Trust (BGR)

Fund Address:   100 Bellevue Parkway, Wilmington, DE 19809

Name and address of agent for service:  John M. Perlowski, Chief Executive Officer, BlackRock Energy and Resources Trust, 55 East 52nd Street, New York, NY 10055

Registrant’s telephone number, including area code:  (800) 882-0052, Option 4

Date of fiscal year end: 12/31/2017

Date of reporting period: 03/31/2017

Item 1 – Schedule of Investments

Schedule of Investments March 31, 2017 (Unaudited)      BlackRock Energy and Resources Trust (BGR)  
     (Percentages shown are based on Net Assets)  

 

Common Stocks    Shares      Value  

Energy Equipment & Services — 12.6%

      

Baker Hughes, Inc. (a)

      268,450      $ 16,058,679  

Halliburton Co. (a)

      312,600        15,383,046  

Precision Drilling Corp. (a)(b)

      738,330        3,492,195  

Schlumberger Ltd. (a)

      196,874        15,375,859  

Superior Energy Services, Inc. (a)(b)

      502,750        7,169,215  
     

 

 

  
                57,478,994  

Oil, Gas & Consumable Fuels — 87.0%

      

Anadarko Petroleum Corp. (a)

      296,483        18,381,946  

BP PLC

      5,030,000        28,953,206  

Cabot Oil & Gas Corp. (a)

      283,900        6,788,049  

Cairn Energy PLC (b)

      1,810,176        4,643,928  

Chevron Corp. (a)

      204,950        22,005,482  

Cimarex Energy Co. (a)

      105,100        12,558,399  

ConocoPhillips (a)

      488,950        24,383,938  

Devon Energy Corp. (a)

      295,400        12,324,088  

Enbridge, Inc. (a)

      217,250        9,101,022  

Encana Corp. (a)

      997,050        11,681,046  

Eni SpA

      533,450        8,734,359  

EOG Resources, Inc. (a)

      235,200        22,943,760  

EQT Corp.

      115,900        7,081,490  

Exxon Mobil Corp. (a)

      544,750        44,674,948  

Hess Corp. (a)

      240,400        11,589,684  

Kosmos Energy Ltd. (a)(b)

      749,357        4,990,718  

Lundin Petroleum AB (b)

      146,777        2,979,015  

Marathon Oil Corp. (a)

      706,300        11,159,540  

Noble Energy, Inc.

      287,292        9,865,607  

Occidental Petroleum Corp. (a)

      71,500        4,530,240  

Oil Search Ltd.

      1,754,013        9,670,670  

Phillips 66 (a)

      56,700        4,491,774  
Common Stocks    Shares      Value  

Oil, Gas & Consumable Fuels (continued)

      

Pioneer Natural Resources Co. (a)

      89,050      $ 16,583,782  

Royal Dutch Shell PLC, A Shares

      713,948        18,818,396  

Royal Dutch Shell PLC, A Shares — ADR (a)

      698,200        36,816,086  

Tesoro Corp. (a)

      82,050        6,650,973  

TransCanada Corp.

      324,450        14,972,739  

Valero Energy Corp. (a)

      156,200        10,354,498  
     

 

 

  
                397,729,383  
Total Long-Term Investments
(Cost — $440,904,144) — 99.6%		        455,208,377  
     
Short-Term Securities                

BlackRock Liquidity Funds, T-Fund, Institutional
Class, 0.60% (c)(d)

      4,464,036        4,464,036  
Total Short-Term Securities
(Cost — $4,464,036) — 1.0%		        4,464,036  
Total Investments Before Options Written
(Cost — $445,368,180*) — 100.6%		        459,672,413  
     
Options Written                

(Premiums Received — $2,965,125) — (0.6)%

               (2,702,279 ) 

Total Investments Net of Options Written — 100.0%

         456,970,134  

Other Assets Less Liabilities — 0.0%

         211,062  
     

 

 

  

Net Assets — 100.0%

       $ 457,181,196  
     

 

 

  
 

 

      Notes to Schedule of Investments

 

* As of March 31, 2017, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:

 

Tax cost

    $ 461,121,774  
  

 

 

  

Gross unrealized appreciation

    $ 29,378,417  

Gross unrealized depreciation

      (30,827,778 ) 
  

 

 

  

Net unrealized appreciation

    $ (1,449,361 ) 
  

 

 

  

 

(a) All or a portion of security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.

 

(b) Non-income producing security.

 

(c) Current yield as of period end.

 

      Portfolio Abbreviations
ADR    American Depositary Receipt      EUR    Euro    SEK    Swedish Krona
AUD    Australian Dollar      GBP    British Pound    USD    U.S. Dollar
CAD    Canadian Dollar              

 

          MARCH 31, 2017    1

Schedule of Investments (continued)      BlackRock Energy and Resources Trust (BGR)  

 

(d) During the period ended March 31, 2017, investments in issuers considered to be affiliates of the Trust for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

Affiliate   

Shares Held at

December 31,

2016

     

Net

Activity

     

Shares Held at

March 31,

2017

     

Value at

March 31,

2017

      Income    

Net

Realized

Gain

   

Change in

Unrealized

Appreciation

(Depreciation)

BlackRock Liquidity Funds, T-Fund, Institutional Class

      3,936,617        527,419        4,464,036        $4,464,036        $  6,455     —    —

SL Liquidity Series, LLC, Money Market Series

      —        —        —        —        22,642 1     —    —

Total

               $4,464,036        $29,097     $—    $—
           

 

 

 

  1   

Represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

 

•  

For Trust compliance purposes, the Trust’s industry classifications refer to one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment adviser. These definitions may not apply for purposes of this report, which may combine industry sub-classifications for reporting ease.

 

      Derivative Financial Instruments Outstanding as of Period End

 

Exchange-Traded Options Written

 

                  
Description   

Put/ 

Call

     

Expiration

Date

     

Strike

Price

      Contracts      Value  

Anadarko Petroleum Corp.

      Call        4/07/17        USD        67.00        272      $ (1,632 ) 

Baker Hughes, Inc.

      Call        4/07/17        USD        62.00        218        (3,270 ) 

Cabot Oil & Gas Corp.

      Call        4/07/17        USD        23.50        225        (15,750 ) 

ConocoPhillips

      Call        4/07/17        USD        48.50        333        (49,617 ) 

Devon Energy Corp.

      Call        4/07/17        USD        45.00        98        (294 ) 

EOG Resources, Inc.

      Call        4/07/17        USD        100.00        149        (4,470 ) 

Halliburton Co.

      Call        4/07/17        USD        52.50        305        (610 ) 

Hess Corp.

      Call        4/07/17        USD        55.50        93        (837 ) 

Marathon Oil Corp.

      Call        4/07/17        USD        16.50        70        (490 ) 

Royal Dutch Shell PLC, A Shares — ADR

      Call        4/07/17        USD        52.00        400        (29,000 ) 

Schlumberger Ltd.

      Call        4/07/17        USD        82.50        86        (258 ) 

Tesoro Corp.

      Call        4/07/17        USD        88.00        174        (1,044 ) 

Valero Energy Corp.

      Call        4/07/17        USD        67.00        132        (4,884 ) 

Marathon Oil Corp.

      Call        4/10/17        USD        17.50        321        (292 ) 

Cabot Oil & Gas Corp.

      Call        4/13/17        USD        24.00        548        (30,140 ) 

ConocoPhillips

      Call        4/13/17        USD        47.50        159        (39,670 ) 

Devon Energy Corp.

      Call        4/13/17        USD        45.00        102        (1,326 ) 

EOG Resources, Inc.

      Call        4/13/17        USD        98.00        43        (5,698 ) 

Exxon Mobil Corp.

      Call        4/13/17        USD        84.00        137        (2,055 ) 

Marathon Oil Corp.

      Call        4/13/17        USD        17.00        281        (1,967 ) 

Royal Dutch Shell PLC, A Shares — ADR

      Call        4/13/17        USD        52.50        228        (17,670 ) 

Schlumberger Ltd.

      Call        4/13/17        USD        82.50        136        (1,088 ) 

Tesoro Corp.

      Call        4/13/17        USD        84.50        113        (4,407 ) 

Valero Energy Corp.

      Call        4/13/17        USD        68.00        131        (4,323 ) 

Anadarko Petroleum Corp.

      Call        4/21/17        USD        65.00        176        (6,072 ) 

Baker Hughes, Inc.

      Call        4/21/17        USD        60.00        98        (10,535 ) 

Baker Hughes, Inc.

      Call        4/21/17        USD        65.00        307        (3,991 ) 

Chevron Corp.

      Call        4/21/17        USD        115.00        191        (860 ) 

Cimarex Energy Co.

      Call        4/21/17        USD        125.00        281        (23,182 ) 

Enbridge, Inc.

      Call        4/21/17        CAD        56.00        256        (10,973 ) 

EOG Resources, Inc.

      Call        4/21/17        USD        105.00        103        (1,545 ) 

Exxon Mobil Corp.

      Call        4/21/17        USD        85.00        183        (2,654 ) 

Kosmos Energy Ltd.

      Call        4/21/17        USD        7.50        500        (5,000 ) 

Phillips 66

      Call        4/21/17        USD        80.00        98        (8,085 ) 

Pioneer Natural Resources Co.

      Call        4/21/17        USD        195.00        37        (4,902 ) 

Royal Dutch Shell PLC, A Shares — ADR

      Call        4/21/17        USD        55.00        200        (2,000 ) 

Schlumberger Ltd.

      Call        4/21/17        USD        81.00        135        (4,320 ) 

Superior Energy Services, Inc.

      Call        4/21/17        USD        17.50        237        (1,185 ) 

Valero Energy Corp.

      Call        4/21/17        USD        69.00        22        (693 ) 

Anadarko Petroleum Corp.

      Call        4/28/17        USD        64.00        208        (17,472 ) 

Baker Hughes, Inc.

      Call        4/28/17        USD        60.00        98        (13,279 ) 

Chevron Corp.

      Call        4/28/17        USD        113.00        46        (1,426 ) 

ConocoPhillips

      Call        4/28/17        USD        47.50        580        (165,300 ) 

 

2         MARCH 31, 2017     

Schedule of Investments (continued)      BlackRock Energy and Resources Trust (BGR)  

 

Description   

Put/ 

Call

     

Expiration

Date

     

Strike

Price

      Contracts      Value  

Devon Energy Corp.

      Call        4/28/17        USD        42.00        55      $ (6,572 ) 

Encana Corp.

      Call        4/28/17        CAD        16.50        159        (3,168 ) 

EOG Resources, Inc.

      Call        4/28/17        USD        98.50        85        (16,108 ) 

Exxon Mobil Corp.

      Call        4/28/17        USD        83.50        256        (19,712 ) 

Halliburton Co.

      Call        4/28/17        USD        51.50        305        (18,605 ) 

Hess Corp.

      Call        4/28/17        USD        49.00        255        (31,365 ) 

Marathon Oil Corp.

      Call        4/28/17        USD        17.00        233        (4,544 ) 

Occidental Petroleum Corp.

      Call        4/28/17        USD        66.00        100        (3,500 ) 

Pioneer Natural Resources Co.

      Call        4/28/17        USD        187.50        59        (27,140 ) 

Pioneer Natural Resources Co.

      Call        4/28/17        USD        192.50        118        (31,270 ) 

Schlumberger Ltd.

      Call        4/28/17        USD        82.00        69        (2,312 ) 

Valero Energy Corp.

      Call        4/28/17        USD        68.50        130        (11,440 ) 

Anadarko Petroleum Corp.

      Call        5/05/17        USD        64.00        208        (26,000 ) 

Baker Hughes, Inc.

      Call        5/05/17        USD        60.50        218        (28,122 ) 

Chevron Corp.

      Call        5/05/17        USD        111.00        196        (14,896 ) 

EOG Resources, Inc.

      Call        5/05/17        USD        96.50        257        (93,805 ) 

Exxon Mobil Corp.

      Call        5/05/17        USD        83.50        158        (14,457 ) 

Halliburton Co.

      Call        5/05/17        USD        50.50        226        (23,843 ) 

Marathon Oil Corp.

      Call        5/05/17        USD        17.50        268        (5,360 ) 

Schlumberger Ltd.

      Call        5/05/17        USD        80.00        23        (2,174 ) 

Chevron Corp.

      Call        5/12/17        USD        110.00        57        (6,982 ) 

ConocoPhillips

      Call        5/12/17        USD        51.00        370        (41,440 ) 

Devon Energy Corp.

      Call        5/12/17        USD        43.00        193        (24,704 ) 

EOG Resources, Inc.

      Call        5/12/17        USD        100.00        186        (44,175 ) 

Exxon Mobil Corp.

      Call        5/12/17        USD        84.50        107        (6,741 ) 

Halliburton Co.

      Call        5/12/17        USD        50.50        226        (27,346 ) 

Hess Corp.

      Call        5/12/17        USD        50.00        288        (38,592 ) 

Marathon Oil Corp.

      Call        5/12/17        USD        17.00        352        (13,024 ) 

Royal Dutch Shell PLC, A Shares — ADR

      Call        5/12/17        USD        54.00        100        (8,250 ) 

Schlumberger Ltd.

      Call        5/12/17        USD        80.00        104        (11,752 ) 

Anadarko Petroleum Corp.

      Call        5/19/17        USD        62.50        174        (39,585 ) 

Cabot Oil & Gas Corp.

      Call        5/19/17        USD        24.00        220        (26,950 ) 

ConocoPhillips

      Call        5/19/17        USD        47.00        269        (98,185 ) 

Devon Energy Corp.

      Call        5/19/17        USD        41.00        580        (136,010 ) 

Exxon Mobil Corp.

      Call        5/19/17        USD        85.00        383        (21,256 ) 

Halliburton Co.

      Call        5/19/17        USD        52.50        32        (2,176 ) 

Hess Corp.

      Call        5/19/17        USD        50.00        350        (50,225 ) 

Marathon Oil Corp.

      Call        5/19/17        USD        17.00        231        (9,356 ) 

Occidental Petroleum Corp.

      Call        5/19/17        USD        67.50        25        (1,125 ) 

Phillips 66

      Call        5/19/17        USD        80.00        100        (16,250 ) 

Pioneer Natural Resources Co.

      Call        5/19/17        USD        195.00        60        (26,400 ) 

Precision Drilling Corp.

      Call        5/19/17        CAD        7.00        327        (3,074 ) 

Royal Dutch Shell PLC, A Shares — ADR

      Call        5/19/17        USD        53.85        1,415        (134,576 ) 

Schlumberger Ltd.

      Call        5/19/17        USD        82.50        136        (7,684 ) 

Exxon Mobil Corp.

      Call        6/16/17        USD        85.00        254        (23,238 ) 

Pioneer Natural Resources Co.

      Call        6/16/17        USD        190.00        37        (32,560 ) 

Total

                   $ (1,740,315 ) 
                 

 

 

  

 

OTC Options Written

 

                         
Description   

Put/ 

Call

        Counterparty     

Expiration

Date

     

Strike

Price

      Contracts      Value  

Enbridge, Inc.

      Call        UBS AG        4/07/17        CAD        56.31        19,000      $ (2,461 ) 

BP PLC

      Call        Citibank N.A.        4/11/17        GBP        4.65        290,500        (13,268 ) 

BP PLC

      Call        Deutsche Bank AG        4/11/17        GBP        4.53        150,000        (18,729 ) 

Encana Corp.

      Call        Citibank N.A.        4/11/17        CAD        17.22        53,000        (876 ) 

Royal Dutch Shell PLC, A Shares

      Call        UBS AG        4/11/17        GBP        22.09        111,000        (565 ) 

TransCanada Corp.

      Call        Deutsche Bank AG        4/11/17        CAD        62.06        24,000        (4,508 ) 

Noble Energy, Inc.

      Call        Citibank N.A.        4/12/17        USD        38.54        16,000        (62 ) 

Encana Corp.

      Call        Citibank N.A.        4/17/17        CAD        15.52        27,500        (10,522 ) 

Precision Drilling Corp.

      Call        Deutsche Bank AG        4/17/17        CAD        6.35        45,000        (6,506 ) 

Precision Drilling Corp.

      Call        UBS AG        4/17/17        CAD        6.34        50,000        (7,384 ) 

BP PLC

      Call        Credit Suisse International        4/19/17        GBP        4.67        285,000        (16,711 ) 

Eni SpA

      Call        UBS AG        4/19/17        EUR        14.99        87,000        (42,180 ) 

Lundin Petroleum AB

      Call        Morgan Stanley & Co. International PLC        4/19/17        SEK        187.46        10,206        (1,990 ) 

 

          MARCH 31, 2017    3

Schedule of Investments (continued)      BlackRock Energy and Resources Trust (BGR)  

 

Description   

Put/ 

Call

        Counterparty     

Expiration

Date

     

Strike

Price

      Contracts      Value  

TransCanada Corp.

      Call        Credit Suisse International        4/19/17        CAD        61.63        43,000      $ (19,945 ) 

EQT Corp.

      Call        Morgan Stanley & Co. International PLC        4/26/17        USD        59.32        20,300        (56,641 ) 

BP PLC

      Call        Deutsche Bank AG        4/27/17        GBP        4.56        285,000        (39,731 ) 

Encana Corp.

      Call        UBS AG        4/27/17        CAD        15.01        65,000        (45,071 ) 

Kosmos Energy Ltd.

      Call        Barclays Bank PLC        4/27/17        USD        6.03        50,000        (35,304 ) 

Lundin Petroleum AB

      Call        Morgan Stanley & Co. International PLC        4/27/17        SEK        185.43        34,000        (14,656 ) 

Oil Search Ltd.

      Call        Deutsche Bank AG        4/27/17        AUD        7.42        215,000        (17,046 ) 

Eni SpA

      Call        Deutsche Bank AG        4/28/17        EUR        14.60        12,800        (10,330 ) 

Encana Corp.

      Call        Citibank N.A.        5/02/17        CAD        14.84        139,700        (113,901 ) 

Lundin Petroleum AB

      Call        Morgan Stanley & Co. International PLC        5/02/17        SEK        179.98        7,200        (5,541 ) 

TransCanada Corp.

      Call        Citibank N.A.        5/02/17        CAD        62.26        22,500        (8,733 ) 

BP PLC

      Call        Deutsche Bank AG        5/03/17        GBP        4.69        300,000        (31,357 ) 

EQT Corp.

      Call        Morgan Stanley & Co. International PLC        5/03/17        USD        59.32        20,300        (64,313 ) 

Eni SpA

      Call        Bank of America N.A.        5/09/17        EUR        14.78        87,000        (53,664 ) 

Oil Search Ltd.

      Call        Deutsche Bank AG        5/09/17        AUD        7.16        190,000        (38,606 ) 

Superior Energy Services, Inc.

      Call        Morgan Stanley & Co. International PLC        5/11/17        USD        14.65        27,700        (18,023 ) 

Superior Energy Services, Inc.

      Call        Citibank N.A.        5/17/17        USD        14.51        31,050        (28,572 ) 

Enbridge, Inc.

      Call        Morgan Stanley & Co. International PLC        5/18/17        CAD        56.42        32,000        (13,711 ) 

Superior Energy Services, Inc.

      Call        UBS AG        5/22/17        USD        14.29        17,400        (18,407 ) 

TransCanada Corp.

      Call        Deutsche Bank AG        5/23/17        CAD        61.93        12,000        (9,144 ) 

TransCanada Corp.

      Call        UBS AG        5/23/17        CAD        63.36        12,000        (4,507 ) 

BP PLC

      Call        Credit Suisse International        5/25/17        GBP        4.66        450,000        (53,295 ) 

Royal Dutch Shell PLC, A Shares

      Call        Credit Suisse International        5/25/17        GBP        21.38        138,900        (45,164 ) 

Superior Energy Services, Inc.

      Call        Citibank N.A.        5/31/17        USD        14.51        31,050        (33,050 ) 

Oil Search Ltd.

      Call        Deutsche Bank AG        6/01/17        AUD        7.44        209,000        (36,259 ) 

Superior Energy Services, Inc.

      Call        Morgan Stanley & Co. International PLC        6/14/17        USD        14.99        22,500        (21,231 ) 

Total

                          $ (961,964 ) 
                        

 

 

  

 

      Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

 

  •  

Level 1 — unadjusted price quotations in active markets/exchanges for identical assets or liabilities that the Trust has the ability to access

 

  •  

Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)

 

  •  

Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Trust’s own assumptions used in determining the fair value of investments and derivative financial instruments)

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. Level 3 investments may also be adjusted to reflect illiquidity and/or non-transferability, with the amount of such discount estimated by the Global Valuation Committee in the absence of market information.

Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy. In accordance with the Trust’s policy, transfers between different levels of the fair value hierarchy are deemed to have occurred as of the beginning of the reporting period. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investments and derivative financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Trust’s policy regarding valuation of investments and derivative financial instruments, refer to the Trust’s most recent financial statements as contained in its annual report.

 

4         MARCH 31, 2017     

Schedule of Investments (concluded)      BlackRock Energy and Resources Trust (BGR)  

 

As of period end, the following tables summarize the Trust’s investments and derivative financial instruments categorized in the disclosure hierarchy:

 

      Level 1     Level 2     Level 3    Total  

Assets:

          

Investments:

          

Long-Term Investments:

          

Common Stocks:

          

Energy Equipment & Services

    $ 57,478,994       —     —    $ 57,478,994  

Oil, Gas & Consumable Fuels

      323,929,809     $ 73,799,574     —      397,729,383  

Short-Term Securities

      4,464,036       —     —      4,464,036  
  

 

 

  

Total Investments

    $     385,872,839     $     73,799,574     —    $     459,672,413  
  

 

 

  
         

Derivative Financial Instruments1

                             

Liabilities:

          

Equity contracts.

    $ (1,605,447 )    $ (1,096,832 )    —    $ (2,702,279 ) 
  

 

 

  

  1       Derivative financial instruments are options written, which are shown at value.

During the period ended March 31, 2017, there were no transfers between levels.

 

          MARCH 31, 2017    5

Item 2 – Controls and Procedures

 

2(a) –   The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) –         There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Certifications – Attached hereto

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  BlackRock Energy and Resources Trust
  By:          /s/ John M. Perlowski              
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
BlackRock Energy and Resources Trust
 

 

Date: May 23, 2017

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

  By:          /s/ John M. Perlowski              
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
BlackRock Energy and Resources Trust
 

 

Date: May 23, 2017

 

  By:          /s/ Neal J. Andrews                
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
BlackRock Energy and Resources Trust
 

 

Date: May 23, 2017