105 Aufrufe 105 0 Kommentare 0 Kommentare

    Certain BlackRock Funds (BOE, BCX) Announce Final Results of Tender Offers

    The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”).

    The Tender Offers, which expired at 5:00 p.m. Eastern time on May 19, 2025, were oversubscribed for each Fund.

    Therefore, in accordance with the terms and conditions of the Tender Offers, each Fund will purchase Shares from all tendering shareholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”). The final results of the Tender Offers are provided in the table below.

    Fund Name

    Ticker

    CUSIP

    Number of

    Shares

    Tendered

    Number of

    Tendered Shares

    to be Purchased

    Pro-Ration

    Factor

    Purchase

    Price*

    BlackRock Enhanced
    Global Dividend Trust

    BOE

    092501105

    12,288,978

    1,425,644

    0.11614930

    11.8776

    BlackRock Resources
    & Commodities
    Strategy Trust

    BCX

    09257A108

    14,138,859

    1,954,822

    0.13831200

    9.7314

    *Equal to 98% of the Fund’s net asset value per Share as of the close of regular trading on the New York Stock Exchange on May 20, 2025 (the business day immediately following the expiration date of the Tender Offer).

    Payments for Shares tendered and accepted are expected to be made approximately five business days after the expiration date.

    Questions regarding the Tender Offers may be directed to Georgeson LLC, the Information Agent for the Tender Offers, toll free at the numbers disclosed in each Fund’s Offer to Purchase.

    Important Notice

    This press release is for informational purposes only and shall not constitute a recommendation, an offer to purchase or a solicitation of an offer to sell any common shares of the Funds. The offer to purchase a Fund’s common shares was made only pursuant to an offer to purchase, a related letter of transmittal and other documents filed with the U.S. Securities and Exchange Commission (“SEC”) as exhibits to a tender offer statement on Schedule TO. Shareholders may obtain a free copy of the offer to purchase and other documents filed with the SEC at the website maintained by the SEC at www.sec.gov or by directing such requests to the applicable Fund.

    Seite 1 von 3 




    Business Wire (engl.)
    0 Follower
    Autor folgen

    Certain BlackRock Funds (BOE, BCX) Announce Final Results of Tender Offers The BlackRock closed-end funds (the “Funds”) listed below announced today the final results of each Fund’s tender offer (each, a “Tender Offer”) for up to 2.5% of its outstanding common shares (the “Shares”). The Tender Offers, which expired at 5:00 …