BlackRock Health Sciences Term Trust launches tender offer for up to 5% of shares at 98% of NAV
Bitget2026/10/01 20:32- BlackRock closed-end fund BMEZ will launch a tender offer to repurchase up to 5% of outstanding common shares.
- Offer price set at 98% of NAV per share, calculated on the next NAV date following tender expiration.
- Action follows a 9-month average discount to NAV of 11.05% through Sept. 30, 2026, triggering the discount management program.
- Tender expected to start Oct. 16, 2026, with expiration set for Nov. 18, 2026 at 5:00 p.m. ET.
- Oversubscription will be prorated; settlement expected within about five business days after expiration.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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