Trent Walker
About Trent Walker
Trent Walker serves as Chief Financial Officer of MIY and has held this role since 2021; he was born in 1974 and is an “interested person” of the Funds due to his position with BlackRock . He is a Managing Director at BlackRock, Inc. (since 2019) and previously served as Executive Vice President at PIMCO from 2016 to 2019 . The proxy specifies that, with the exception of the Chief Compliance Officer, executive officers receive no compensation from the Funds, indicating no fund-level pay-for-performance linkage or disclosed performance metrics tied to his compensation .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| PIMCO | Executive Vice President | 2016–2019 | Not disclosed |
External Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| BlackRock, Inc. | Managing Director | 2019–Present | Not disclosed |
Fixed Compensation
| Year | Base Salary ($) | Target Bonus (%) | Actual Bonus ($) | Notes |
|---|---|---|---|---|
| All periods | Not disclosed | Not disclosed | Not disclosed | With the exception of the CCO, executive officers receive no compensation from the Funds |
Performance Compensation
| Metric | Weighting (%) | Target | Actual | Payout | Vesting |
|---|---|---|---|---|---|
| Not applicable at MIY (fund-level) | — | — | — | — | The proxy states executive officers receive no compensation from the Funds (no RSU/PSU/options detail at fund level) |
Equity Ownership & Alignment
| Item | Detail |
|---|---|
| Officer status | Officer (not a Director) |
| Total beneficial ownership (MIY) | Not disclosed in proxy (Board member ownership ranges disclosed; officer holdings not provided) |
| Ownership as % of shares outstanding | Not disclosed |
| Vested vs. unvested shares | Not disclosed |
| Options (exercisable/unexercisable) | Not disclosed |
| Shares pledged as collateral | Not disclosed |
| Stock ownership guidelines (officers) | Not disclosed |
| Compliance status with ownership guidelines | Not disclosed |
The proxy provides “Aggregate Dollar Range of Common Shares” for Board Members but does not present officer-by-officer fund share ownership; thus officer alignment via MIY holdings cannot be assessed from this document .
Employment Terms
- Role and tenure: Chief Financial Officer, since 2021
- Appointment basis: Officers serve at the pleasure of the Board
- Address: c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001
- Employment/compensation arrangement: Executive officers receive no compensation from the Funds; personnel and services are provided by BlackRock Advisors, LLC (the Investment Advisor)
- Severance/change-of-control: Not disclosed in the MIY proxy for officers
- Non-compete / non-solicit / garden leave / consulting: Not disclosed
- Clawback provisions / tax gross-ups / deferred comp / pension/SERP: Not disclosed at the fund level
Investment Implications
- Compensation alignment and trading signals: Fund-level pay-for-performance levers are limited—executive officers (including the CFO) are not compensated by MIY, and the proxy does not disclose officer equity grants or vesting schedules; thus typical insider-selling pressure from vesting and option exercises does not apply at the fund level .
- Ownership alignment: The proxy reports Board Member ownership ranges but does not disclose officer share ownership, pledging, or guidelines; MIY-specific “skin-in-the-game” for the CFO cannot be assessed from this document .
- Retention/transition risk: Officers serve at the pleasure of the Board and personnel/services are provided by BlackRock Advisors, LLC—any change would likely be operationally managed via the advisor structure rather than fund-paid severance/change-of-control provisions (which are not disclosed for officers) .
- Monitoring: Given the external adviser model and absence of fund-level officer compensation/ownership disclosure, monitor future proxies and any relevant current reports for officer appointments or departures and any updates to disclosure practices .