BIF announced its distributions for May, June and July. It was interesting that they added the following new paragraph to this month's press release. I wonder if they plan to raise the monthly distribution higher in the future.
"Due to the current discount of BIF’s market price to its per share NAV, and the fact that distributions are made in cash (i.e., at NAV), the next distribution will be accretive to BIF’s market-price-based return. If shares in BIF continue to trade at a discount at the time of future distributions, then these distributions will also be accretive to BIF’s market-price-based return."