Trent Walker
About Trent Walker
Trent Walker serves as Chief Financial Officer of MHD and has held the role since 2021. He was born in 1974 and is a Managing Director at BlackRock, Inc. since 2019, previously serving as Executive Vice President at PIMCO from 2016 to 2019 . Executive officers (other than the CCO) receive no compensation from the Fund; officer compensation is paid by BlackRock, the investment adviser, and is not disclosed at the fund level .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PIMCO | Executive Vice President | 2016–2019 | Not disclosed in Fund proxy |
| BlackRock, Inc. | Managing Director | 2019–present | Not disclosed in Fund proxy |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| None disclosed | — | — | No public directorships or trusteeships disclosed for Walker in the Fund proxy |
Fixed Compensation
| Component | 2024 | 2025 | Notes |
|---|---|---|---|
| Base Salary | Not disclosed | Not disclosed | Officers (other than CCO) receive no compensation from the Fund; compensation occurs at BlackRock |
| Target Bonus % | Not disclosed | Not disclosed | Not disclosed at the Fund level |
| Actual Bonus Paid | Not disclosed | Not disclosed | Not disclosed at the Fund level |
Performance Compensation
| Incentive Type | Metric(s) | Weighting | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|---|
| RSUs/PSUs | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed at the Fund level; compensation determined by BlackRock |
| Options | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed | Not disclosed at the Fund level; compensation determined by BlackRock |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer/Board group holdings | Officers and Board Members, as a group, beneficially owned less than 1% of MHD’s outstanding common shares as of July 31, 2025 |
| 5% beneficial owners (MHD) | Karpus Investment Management: 7,306,392 shares (14.01%); RiverNorth Capital Management, LLC: 4,084,819 shares (7.66%) as of August 18, 2025 (based on 13D/13G filings) |
| Pledging/Hedging | No pledging by officers disclosed; note that preferred VMTP shares are restricted and may not be pledged unless registered or exempt; common shares pledge policies for officers are not disclosed |
| Ownership guidelines | Not disclosed for officers in Fund proxy |
| Compliance status | Not disclosed |
Employment Terms
| Term | Disclosure |
|---|---|
| Employment start date (CFO) | Since 2021 |
| Service status | Officers serve at the pleasure of the Board |
| Contract term length/expiration | Not disclosed at Fund level (officer employment is with BlackRock) |
| Severance provisions | Not disclosed (would be governed by BlackRock) |
| Change-of-control (CoC) | Not disclosed for officers (Fund-level proxies focus on fund reorganization/share issuance approvals) |
| Clawbacks/tax gross-ups | Not disclosed |
| Non-compete/non-solicit | Not disclosed |
| Garden leave/consulting post-termination | Not disclosed |
| Address of officer | c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001 |
Investment Implications
- Fund-level proxies do not disclose Trent Walker’s cash or equity compensation because officers (other than the CCO) are paid by BlackRock; this limits direct pay-for-performance analysis at the Fund level and implies retention/compensation dynamics are governed by BlackRock, not MHD’s board .
- Alignment via personal share ownership appears limited at the Fund level: officers and Board Members as a group own less than 1% of MHD, suggesting low direct “skin in the game” within the Fund’s capital structure; ownership guidelines or pledging disclosures for officers are not provided .
- Trading signals for MHD are more likely driven by institutional holders and corporate actions than officer sales: Karpus (14.01%) and RiverNorth (7.66%) are significant holders whose 13D/13G changes can influence liquidity, discounts/premiums, and voting outcomes in reorganizations .
- Reorganization and issuance mechanics are central to Fund outcomes; while officer CoC economics aren’t disclosed, shareholder approvals for issuing additional common shares in transactions are key catalysts for NAV/discount dynamics rather than executive pay events .