Certain BlackRock Closed-End Funds Announce Adoption of Discount Management Program
The BlackRock closed-end funds (the “Funds”) listed below announced today the adoption of discount management programs (the "Programs"). Under the terms of the Programs, each of the Funds listed below intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during specified time periods, as detailed below.
BlackRock Closed-End Funds Adopting a Discount Management Program |
Fund Name
Ticker
BlackRock Capital Allocation Term Trust
BCAT
BlackRock ESG Capital Allocation Term Trust
ECAT
BlackRock Innovation and Growth Term Trust
BIGZ
BlackRock Health Sciences Term Trust
BMEZ
BlackRock Science and Technology Term Trust
BSTZ
BlackRock Enhanced Global Dividend Trust
BOE
BlackRock Energy and Resources Trust
BGR
BlackRock Enhanced International Dividend Trust
BGY
BlackRock Enhanced Capital and Income Fund
CII
BlackRock Enhanced Equity Dividend Trust
BDJ
BlackRock Science and Technology Trust
BST
BlackRock Health Sciences Trust
BME
BlackRock Resources & Commodities Strategy Trust
BCX
BlackRock Utilities, Infrastructure, & Power Opportunities Trust
BUI
Lesen Sie auch
If a Fund’s common shares trade at an average daily discount to net asset value ("NAV") of more than 7.50% during a 3-month measurement period (each, a "Measurement Period"), the Fund intends to offer to repurchase 2.5% of its outstanding common shares at a price equal to 98% of the Fund’s NAV, as determined on the trading day after the tender offer expires, as soon as practicable following the Measurement Period end date.