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Certain Closed-End Funds Announce Share Repurchase Programs
Date : 10/28/2016 @ 4:30PM Source : Business Wire Stock : Blackrock Energy And Resources Trust (BGR) Quote : $14.04 -0.05 (-0.35%) @ 4:00PM
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.