-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QB3fjvWxAdEYb6WK43QqinxnMhWQqstVqb4xBg742Mkv9h+LYfn8fO7lD8qrb+ZU 1ex0bflbLFCTZ69P3uElUA== 0001193805-06-002570.txt : 20061026 0001193805-06-002570.hdr.sgml : 20061026 20061026132618 ACCESSION NUMBER: 0001193805-06-002570 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060831 FILED AS OF DATE: 20061026 DATE AS OF CHANGE: 20061026 EFFECTIVENESS DATE: 20061026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. CENTRAL INDEX KEY: 0000868452 IRS NUMBER: 223072498 STATE OF INCORPORATION: MA FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-06180 FILM NUMBER: 061165172 BUSINESS ADDRESS: STREET 1: P O BOX 9011 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 BUSINESS PHONE: 6092823319 MAIL ADDRESS: STREET 1: P O BOX 9066 CITY: PRINCETON STATE: NJ ZIP: 08543-9011 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & TELECOMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020325 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH UTILITIES & COMMUNICATIONS FUND INC DATE OF NAME CHANGE: 20020307 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH GLOBAL UTILITY FUND INC DATE OF NAME CHANGE: 19920703 0000868452 S000002249 BLACKROCK UTILITIES & TELECOMMUNICATIONS FUND, INC. C000005810 Investor A C000005811 Investor B1 C000005812 Investor C1 C000005813 Institutional C000038212 Investor B C000038213 Investor C N-Q 1 e601104_nq-utilitiesandtele.txt 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 811-6180 Name of Fund: BlackRock Utilities and Telecommunications Fund, Inc. Fund Address: P.O. Box 9011 Princeton, NJ 08543-9011 Name and address of agent for service: Robert C. Doll, Jr., Chief Executive Officer, BlackRock Utilities and Telecommunications Fund, Inc., 800 Scudders Mill Road, Plainsboro, NJ 08536. Mailing address: P.O. Box 9011, Princeton, NJ 08543-9011 Registrant's telephone number, including area code: (609) 282-2800 Date of fiscal year end: 11/30/2006 Date of reporting period: 06/01/2006 - 08/31/2006 Item 1 - Schedule of Investments BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2006 (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - --------------------------------------------------------------------------------------------------------------------------- Austria - 0.5% Diversified Telecommunication 14,000 Telekom Austria AG $ 688,800 Services - 0.5% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Austria 688,800 - --------------------------------------------------------------------------------------------------------------------------- Belgium - 0.2% Wireless Telecommunication 4,500 Mobistar SA 369,806 Services - 0.2% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Belgium 369,806 - --------------------------------------------------------------------------------------------------------------------------- Brazil - 0.9% Electric Utilities - 0.9% 23,700 CPFL Energia SA (b) 920,745 33,200 EDP - Energias do Brasil SA 421,119 ------------- 1,341,864 ----------------------------------------------------------------------------------------------------------- Independent Power Producers & 200 Tractebel Energia SA 1,807 Energy Traders - 0.0% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Brazil 1,343,671 - --------------------------------------------------------------------------------------------------------------------------- Canada - 5.7% Diversified Telecommunication 77,055 BCE, Inc. 1,925,604 Services - 4.5% 41,700 TELUS Corp. 2,038,500 56,224 TELUS Corp. (Non-Voting Shares) 2,668,962 ------------- 6,633,066 ----------------------------------------------------------------------------------------------------------- Oil, Gas & Consumable 19,400 Cameco Corp. 790,859 Fuels - 0.5% ----------------------------------------------------------------------------------------------------------- Wireless Telecommunication 20,500 Rogers Communications, Inc. Class B 1,056,980 Services - 0.7% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Canada 8,480,905 - --------------------------------------------------------------------------------------------------------------------------- Finland - 0.3% Diversified Telecommunication 26,000 Elisa Corp. 526,843 Services - 0.3% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Finland 526,843 - --------------------------------------------------------------------------------------------------------------------------- France - 1.7% Multi-Utilities - 1.7% 33,200 Suez SA 1,418,571 18,800 Veolia Environnement 1,052,840 ------------- 2,471,411 ----------------------------------------------------------------------------------------------------------- Total Common Stocks in France 2,471,411 - --------------------------------------------------------------------------------------------------------------------------- Germany - 1.8% Electric Utilities - 1.5% 17,600 E.ON AG 2,233,962 ----------------------------------------------------------------------------------------------------------- Multi-Utilities - 0.3% 5,300 RWE AG 485,346 ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Germany 2,719,308 - --------------------------------------------------------------------------------------------------------------------------- Italy - 0.8% Diversified Telecommunication 14,000 FastWeb SpA 545,327 Services - 0.6% 115,000 Telecom Italia SpA (RNC) 282,635 ------------- 827,962 ----------------------------------------------------------------------------------------------------------- Electric Utilities - 0.2% 41,000 Enel SpA 365,852 ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Italy 1,193,814 - --------------------------------------------------------------------------------------------------------------------------- Mexico - 1.1% Wireless Telecommunication 42,600 America Movil, SA de CV (b) 1,589,406 Services - 1.1% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Mexico 1,589,406 - --------------------------------------------------------------------------------------------------------------------------- Norway - 0.6% Diversified Telecommunication 67,600 Telenor ASA 857,759 Services - 0.6% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Norway 857,759 - --------------------------------------------------------------------------------------------------------------------------- Spain - 3.4% Diversified Telecommunication 79,448 Telefonica SA 1,362,744 Services - 0.9% ----------------------------------------------------------------------------------------------------------- Electric Utilities - 2.5% 45,100 Endesa SA 1,567,953 56,400 Iberdrola SA 2,092,204 ------------- 3,660,157 ----------------------------------------------------------------------------------------------------------- Total Common Stocks in Spain 5,022,901 - ---------------------------------------------------------------------------------------------------------------------------
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2006 (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - --------------------------------------------------------------------------------------------------------------------------- United Diversified Telecommunication 163,600 BT Group Plc $ 767,089 Kingdom - 5.4% Services - 0.5% ----------------------------------------------------------------------------------------------------------- Electric Utilities - 1.9% 41,400 Scottish & Southern Energy Plc 948,140 165,793 Scottish Power Plc 1,956,832 ------------- 2,904,972 ----------------------------------------------------------------------------------------------------------- Independent Power Producers & 253,500 International Power Plc 1,530,972 Energy Traders - 1.0% ----------------------------------------------------------------------------------------------------------- Multi-Utilities - 1.1% 133,600 Centrica Plc 749,677 69,918 National Grid Plc 848,506 ------------- 1,598,183 ----------------------------------------------------------------------------------------------------------- Wireless Telecommunication 60,812 Vodafone Group Plc (b) 1,322,053 Services - 0.9% ----------------------------------------------------------------------------------------------------------- Total Common Stocks in the United Kingdom 8,123,269 - --------------------------------------------------------------------------------------------------------------------------- United Construction & 25,000 InfraSource Services, Inc. (a) 432,250 States - 71.8% Engineering - 0.3% ----------------------------------------------------------------------------------------------------------- Diversified Telecommunication 158,800 AT&T, Inc. 4,943,444 Services - 12.8% 123,600 BellSouth Corp. 5,032,992 80,700 Citizens Communications Co. 1,112,853 142,000 Level 3 Communications, Inc. (a) 629,060 75,000 Qwest Communications International, Inc. (a) 660,750 51,300 Time Warner Telecom, Inc. Class A (a) 921,861 135,400 Verizon Communications, Inc. 4,763,372 77,241 Windstream Corp. 1,019,581 ------------- 19,083,913 ----------------------------------------------------------------------------------------------------------- Electric Utilities - 22.1% 35,000 Allegheny Energy, Inc. (a) 1,460,900 37,000 American Electric Power Co., Inc. 1,349,760 75,000 DPL, Inc. 2,085,000 69,500 Edison International 3,032,980 57,500 Entergy Corp. 4,464,875 94,300 Exelon Corp. 5,750,414 64,900 FPL Group, Inc. 2,884,805 60,000 FirstEnergy Corp. 3,423,600 26,800 ITC Holdings Corp. 913,076 54,800 Mirant Corp. (a) 1,587,556 36,600 Northeast Utilities 834,846 104,500 PPL Corp. 3,654,365 43,800 The Southern Co. 1,501,026 ------------- 32,943,203 ----------------------------------------------------------------------------------------------------------- Electrical Equipment - 0.3% 12,600 Energy Conversion Devices, Inc. (a) 441,630 ----------------------------------------------------------------------------------------------------------- Energy Equipment & 4,600 Transocean, Inc. (a) 307,050 Services - 0.2% ----------------------------------------------------------------------------------------------------------- Gas Utilities - 4.2% 26,100 AGL Resources, Inc. 949,779 23,500 Energen Corp. 1,025,540 17,200 Equitable Resources, Inc. 633,992 20,200 New Jersey Resources Corp. 1,003,132
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2006 (in U.S. dollars)
Shares Country Industry Held Common Stocks Value - --------------------------------------------------------------------------------------------------------------------------- 21,500 Questar Corp. $ 1,860,610 32,200 UGI Corp. 798,560 ------------- 6,271,613 ----------------------------------------------------------------------------------------------------------- Independent Power Producers & 32,500 The AES Corp. (a) 690,300 Energy Traders - 9.6% 49,800 Constellation Energy Group, Inc. 2,992,482 32,600 NRG Energy, Inc. (a) 1,650,864 25,300 Ormat Technologies, Inc. 920,667 122,200 TXU Corp. 8,090,862 ------------- 14,345,175 ----------------------------------------------------------------------------------------------------------- Media - 1.3% 19,700 Cablevision Systems Corp. Class A 458,616 41,200 Comcast Corp. Special Class A (a) 1,438,292 ------------- 1,896,908 ----------------------------------------------------------------------------------------------------------- Multi-Utilities - 12.9% 26,700 Ameren Corp. 1,429,785 83,000 CMS Energy Corp. (a) 1,215,120 50,037 Dominion Resources, Inc. 3,997,456 150,732 Duke Energy Corp. 4,521,960 22,050 MDU Resources Group, Inc. 540,225 38,600 NSTAR 1,271,098 55,000 PG&E Corp. 2,306,150 12,000 SCANA Corp. 496,200 19,900 Sempra Energy 989,428 58,200 TECO Energy, Inc. 917,814 19,100 Wisconsin Energy Corp. 821,300 36,200 Xcel Energy, Inc. 752,960 ------------- 19,259,496 ----------------------------------------------------------------------------------------------------------- Oil, Gas & Consumable 9,000 Devon Energy Corp. 562,410 Fuels - 2.4% 13,300 EOG Resources, Inc. 862,106 15,000 Peabody Energy Corp. 661,050 58,800 Williams Cos., Inc. 1,448,244 ------------- 3,533,810 ----------------------------------------------------------------------------------------------------------- Real Estate Investment Trusts 11,200 Global Signal, Inc. 537,600 (REITs) - 0.4% ----------------------------------------------------------------------------------------------------------- Water Utilities - 0.5% 34,000 Aqua America, Inc. 805,460 ----------------------------------------------------------------------------------------------------------- Wireless Telecommunication 52,945 Alltel Corp. 2,870,148 Services - 4.8% 43,500 American Tower Corp. Class A (a) 1,559,910 25,100 Crown Castle International Corp. (a) 862,436 13,800 NII Holdings, Inc. (a) 736,230 42,900 SBA Communications Corp. Class A (a) 1,104,246 ------------- 7,132,970 ----------------------------------------------------------------------------------------------------------- Total Common Stocks in the United States 106,991,078 - --------------------------------------------------------------------------------------------------------------------------- Total Common Stocks (Cost - $90,570,389) - 94.2% 140,378,971 - ---------------------------------------------------------------------------------------------------------------------------
BlackRock Utilities and Telecommunications Fund, Inc. Schedule of Investments as of August 31, 2006 (in U.S. dollars)
Face Country Industry Amount Trust Preferred Value - --------------------------------------------------------------------------------------------------------------------------- United Independent Power Producers & $ 1,092,450 AES Trust III, 6.75% due 10/15/2029 $ 1,055,120 States - 0.7% Energy Traders - 0.7% ----------------------------------------------------------------------------------------------------------- Total Trust Preferred (Cost - $664,986) - 0.7% 1,055,120 - --------------------------------------------------------------------------------------------------------------------------- Beneficial Interest Short-Term Securities - --------------------------------------------------------------------------------------------------------------------------- $ 4,723,380 Merrill Lynch Liquidity Series, LLC Cash Sweep Series I, 5.11% (c)(d) 4,723,380 - --------------------------------------------------------------------------------------------------------------------------- Total Short-Term Securities (Cost - $4,723,380) - 3.2% 4,723,380 - --------------------------------------------------------------------------------------------------------------------------- Total Investments (Cost - $95,958,755*) - 98.1% 146,157,471 Other Assets Less Liabilities - 1.9% 2,885,225 ------------- Net Assets - 100.0% $ 149,042,696 =============
* The cost and unrealized appreciation (depreciation) of investments as of August 31, 2006, as computed for federal income tax purposes, were as follows: Aggregate cost $ 95,958,755 ============ Gross unrealized appreciation $ 50,610,308 Gross unrealized depreciation (411,592) ------------ Net unrealized appreciation $ 50,198,716 ============ (a) Non-income producing security. (b) Depositary receipts. (c) Investments in companies considered to be an affiliate of the Fund, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, were as follows: -------------------------------------------------------------------------- Net Interest Affiliate Activity Income -------------------------------------------------------------------------- Merrill Lynch Liquidity Series, LLC Cash Sweep Series I $(1,752,633) $ 122,320 Merrill Lynch Liquidity Series, LLC Money Market Series $ -- $ 289 -------------------------------------------------------------------------- (d) Represents the current yield as of August 31, 2006. o For Fund compliance purposes, the Fund's industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or ratings group indexes, and/or as defined by Fund management. This definition may not apply for the purposes of this report, which may combine industry sub-classifications for reporting ease. Industries are shown as a percent of net assets. Item 2 - Controls and Procedures 2(a) - The registrant's certifying officers have reasonably designed such disclosure controls and procedures to ensure material information relating to the registrant is made known to us by others particularly during the period in which this report is being prepared. The registrant's certifying officers have determined that the registrant's disclosure controls and procedures are effective based on our evaluation of these controls and procedures as of a date within 90 days prior to the filing date of this report. 2(b) - There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act (17 CFR 270.30a-3(d)) that occurred during the last fiscal quarter of the period covered by this report that has materially affected, or is 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 Utilities and Telecommunications Fund, Inc. By: /s/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr. Chief Executive Officer BlackRock Utilities and Telecommunications Fund, Inc. Date: October 19, 2006 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/ Robert C. Doll, Jr. ------------------------------ Robert C. Doll, Jr. Chief Executive Officer BlackRock Utilities and Telecommunications Fund, Inc. Date: October 19, 2006 By: /s/ Donald C. Burke ------------------------------ Donald C. Burke Chief Financial Officer BlackRock Utilities and Telecommunications Fund, Inc. Date: October 19, 2006 EX-99.CERT 2 e601104_ex99-cert.txt CERTIFICATION PURSUANT TO SECTION 302 EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Robert C. Doll, Jr., Chief Executive Officer of BlackRock Utilities and Telecommunications Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Utilities and Telecommunications Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: October 19, 2006 /s/ Robert C. Doll, Jr. ----------------------------- Robert C. Doll, Jr. Chief Executive Officer BlackRock Utilities and Telecommunications Fund, Inc. EX-99. CERT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002 - -------------------------------------------------------------------------------- I, Donald C. Burke, Chief Financial Officer of BlackRock Utilities and Telecommunications Fund, Inc., certify that: 1. I have reviewed this report on Form N-Q of BlackRock Utilities and Telecommunications Fund, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; c) evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and d) disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: October 19, 2006 /s/ Donald C. Burke ----------------------------- Donald C. Burke Chief Financial Officer BlackRock Utilities and Telecommunications Fund, Inc. -----END PRIVACY-ENHANCED MESSAGE-----