Certain BlackRock Funds Announce Final Results of Tender Offers

Business Wire08-20

NEW YORK, August 20, 2024--(BUSINESS WIRE)--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 ...

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The final results of the Tender Offers are provided in the table below.BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the \"Closed-end Funds\" section of www.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1989771016.USD":"东方汇理环球老龄化投资基金 A2 Acc","LU2592432038.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"A\" (USD) ACC","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4535":"淡马锡持仓","BK4588":"碎股","BDJ":"BlackRock Enhanced Dividend Achi","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","LU1201861249.SGD":"Natixis Harris Associates US Equity PA SGD-H","LU2505996509.AUD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (AUDHDG) INC","BK4581":"高盛持仓","BK4504":"桥水持仓","LU1670627923.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) ACC","BK4135":"资产管理与托管银行","LU1599440770.SGD":"FIDELITY GLOBAL DIVIDEND \"A\" (SGDHDG) INC","LU2430703095.HKD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (HKD) INC","LU0980610538.SGD":"Natixis Harris Associates US Equity RA SGD-H","LU1291159041.SGD":"CPR Invest - Global Silver Age A2 Acc SGD-H","LU1074936037.SGD":"JPMorgan Funds - US Value A (acc) SGD","LU1670628061.USD":"M&G (LUX) NORTH AMERICAN DIVIDEND \"A\" (USD) INC","LU2430703178.SGD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (SGDHDG) INC","LU0130102774.USD":"Natixis Harris Associates US Equity RA USD","LU2505996681.GBP":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4H\" (GBPHDG) INC","LU0731783394.SGD":"Fidelity Global Dividend A-MINCOME(G)-SGD","BK4567":"ESG概念","BK4585":"ETF&股票定投概念","LU2430703251.USD":"WELLINGTON MULTI-ASSET HIGH INCOME \"AM4\" (USD) INC","BK4534":"瑞士信贷持仓","BGR":"黑岩能源信托","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","BLK":"贝莱德","BCAT":"BLACKROCK CAPITAL ALLOCATION TERM TRUST","LU0648001328.SGD":"Natixis Harris Associates US Equity RA SGD","CII":"CII基金"},"translate_title":"贝莱德某些基金公布要约收购最终结果","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BLK":1,"BDJ":0.9,"BGR":0.9,"BCAT":0.9,"CII":0.9},"content_text":"NEW YORK, August 20, 2024--(BUSINESS WIRE)--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\").\nThe Tender Offers, which expired at 5:00 p.m. Eastern time on August 16, 2024, were oversubscribed for each Fund.\nTherefore, 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.\n\n\n\nFund Name\nTicker\nCUSIP\nNumber of Shares Tendered\nNumber of Tendered Shares to be Purchased\nPro-Ration Factor\nPurchase Price*\n\n\nBlackRock Enhanced Capital and Income Fund, Inc.\nCII\n09256A109\n5,850,437\n1,103,672\n0.18878041\n$20.9524\n\n\nBlackRock Enhanced Equity Dividend Trust\nBDJ\n09251A104\n22,908,137\n4,653,377\n0.20318566\n$9.1826\n\n\nBlackRock Energy and Resources Trust\nBGR\n09250U101\n7,466,508\n686,624\n0.09205090\n$14.5824\n\n\nBlackRock Capital Allocation Term Trust\nBCAT\n09260U109\n14,916,872\n2,686,545\n0.18018340\n$16.8854\n\n\n\n*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 August 19, 2024 (the business day immediately following the expiration date of the Tender Offer).\nPayments for Shares tendered and accepted are expected to be made within approximately five business days after the expiration date.\nQuestions 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.\nImportant Notice\nThis 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.\nAbout BlackRock\nBlackRock’s purpose is to help more and more people experience financial well-being. As a fiduciary to investors and a leading provider of financial technology, we help millions of people build savings that serve them throughout their lives by making investing easier and more affordable. For additional information on BlackRock, please visit www.blackrock.com/corporate\nAvailability of Fund Updates\nBlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the \"Closed-end Funds\" section of www.blackrock.com as well as certain other material information as necessary from time to time. Investors and others are advised to check the website for updated performance information and the release of other material information about the Funds. This reference to BlackRock’s website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock’s website in this release.\nForward-Looking Statements\nThis press release, and other statements that BlackRock or a Fund may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to a Fund’s or BlackRock’s future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as \"trend,\" \"potential,\" \"opportunity,\" \"pipeline,\" \"believe,\" \"comfortable,\" \"expect,\" \"anticipate,\" \"current,\" \"intention,\" \"estimate,\" \"position,\" \"assume,\" \"outlook,\" \"continue,\" \"remain,\" \"maintain,\" \"sustain,\" \"seek,\" \"achieve,\" and similar expressions, or future or conditional verbs such as \"will,\" \"would,\" \"should,\" \"could,\" \"may\" or similar expressions.\nBlackRock cautions that forward-looking statements are subject to numerous assumptions, risks and uncertainties, which change over time. Forward-looking statements speak only as of the date they are made, and BlackRock assumes no duty to and does not undertake to update forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.\nWith respect to the Funds, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Funds or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or BlackRock, as applicable; (8) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (9) BlackRock’s ability to attract and retain highly talented professionals; (10) the impact of BlackRock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.\nAnnual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (\"SEC\") are accessible on the SEC's website at www.sec.gov and on BlackRock’s website at www.blackrock.com, and may discuss these or other factors that affect the Funds. The information contained on BlackRock’s website is not a part of this press release.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20240819834634/en/\nContacts\n1-800-882-0052","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2460091130"}