黑料网

Certain BlackRock Funds Announce Final Results of Tender Offers

NEW YORK--(BUSINESS WIRE)-- The BlackRock closed-end funds (the 鈥淔unds鈥�) listed below announced today the final results of each Fund鈥檚 tender offer (each, a 鈥淭ender Offer鈥�) for up to 2.5% of its outstanding common shares (the 鈥淪hares鈥�).

The Tender Offers, which expired at 5:00 p.m. Eastern time on August 21, 2024, 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 (鈥淧ro-Ration Factor鈥�). The final results of the Tender Offers are provided in the table below.

*Equal to 98% of the Fund鈥檚 net asset value per Share as of the close of regular trading on the New York Stock Exchange on August 22, 2024 (the business day immediately following the expiration date of the Tender Offer).

Payments for Shares tendered and accepted are expected to be made within 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鈥檚 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鈥檚 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 (鈥淪EC鈥�) 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 or by directing such requests to the applicable Fund.

About BlackRock

BlackRock鈥檚 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 .

Availability of Fund Updates

BlackRock will update performance and certain other data for the Funds on a monthly basis on its website in the 鈥淐losed-end Funds鈥� section of 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鈥檚 website is intended to allow investors public access to information regarding the Funds and does not, and is not intended to, incorporate BlackRock鈥檚 website in this release.

Forward-Looking Statements

This 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鈥檚 or BlackRock鈥檚 future financial or business performance, strategies or expectations. Forward-looking statements are typically identified by words or phrases such as 鈥渢rend,鈥� 鈥減otential,鈥� 鈥渙pportunity,鈥� 鈥減ipeline,鈥� 鈥渂elieve,鈥� 鈥渃omfortable,鈥� 鈥渆xpect,鈥� 鈥渁nticipate,鈥� 鈥渃urrent,鈥� 鈥渋ntention,鈥� 鈥渆stimate,鈥� 鈥減osition,鈥� 鈥渁ssume,鈥� 鈥渙utlook,鈥� 鈥渃ontinue,鈥� 鈥渞emain,鈥� 鈥渕aintain,鈥� 鈥渟ustain,鈥� 鈥渟eek,鈥� 鈥渁chieve,鈥� and similar expressions, or future or conditional verbs such as 鈥渨ill,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渃ould,鈥� 鈥渕ay鈥� or similar expressions.

BlackRock 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.

With 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鈥檚 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鈥檚 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.

Annual and Semi-Annual Reports and other regulatory filings of the Funds with the Securities and Exchange Commission (鈥淪EC鈥�) are accessible on the SEC's website at and on BlackRock鈥檚 website at , and may discuss these or other factors that affect the Funds. The information contained on BlackRock鈥檚 website is not a part of this press release.

View source version on businesswire.com:

1-800-882-0052

Source: BlackRock Closed-End Funds