Actionable news
All posts from Actionable news

Certain Closed-End Funds Announce Share Repurchase Programs

NEW YORK--(BUSINESS WIRE)--BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of twenty BlackRock taxable and equity closed-end funds (the “Funds”) have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2017, up to 5% of its outstanding common shares (based on common shares outstanding on October 28, 2016), in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value per share.

The Funds that have authorized a Repurchase Program are as follows:

Ticker Fund CUSIP
BBN BlackRock Taxable Municipal Bond Trust 09248X100
BCX BlackRock Resources & Commodities Strategy Trust 09257A108
BDJ BlackRock Enhanced Equity Dividend Trust 09251A104
BGR BlackRock Energy and Resources Trust 09250U101
BGT BlackRock Floating Rate Income Trust 091941104
BGY BlackRock International Growth and Income Trust 092524107
BHK BlackRock Core Bond Trust 09249E101
BIT BlackRock Multi-Sector Income Trust 09258A107
BKT BlackRock Income Trust 09247F100
BLW BlackRock Limited Duration Income Trust 09249W101
BME BlackRock Health Sciences Trust 09250W107
BOE BlackRock Global Opportunities Equity Trust 092501105
BST BlackRock Science and Technology Trust 09258G104
BTZ BlackRock Credit Allocation Income Trust 092508100
BUI BlackRock Utility and Infrastructure Trust 09248D104
CII BlackRock Enhanced Capital and Income Fund, Inc. 09256A109
DSU BlackRock Debt Strategies Fund, Inc. 09255R103*
EGF BlackRock Enhanced Government Fund, Inc. 09255K108
FRA BlackRock Floating Rate Income Strategies Fund, Inc. 09255X100
HYT BlackRock Corporate High Yield Fund, Inc. 09255P107

The amount and timing of any repurchases under each Fund’s Repurchase Program will be determined either at the discretion of the Fund’s management or pursuant to predetermined parameters and instructions subject to market conditions. There is no assurance that any Fund will repurchase shares in any particular amounts. A Fund’s repurchase activity will be disclosed in its shareholder report for the relevant fiscal period. Any repurchases made under any Fund...