BMEZ: Offer to buy back shares, March 21, 2025
The fund offered to buy back 40% of its shares at 99.5% of value, until April 17, 2025.
Do I need to do anything? The fund will buy back up to 40% of its shares at 99.5% of the value of its holdings. If you want to sell at that price, tell your broker to tender all of your shares before April 17, 2025; if more people tender than the fund will take, everyone is cut back in proportion, so tendering everything gets you the most. Brokers usually need your instruction a business day or two earlier - ask yours for its own cut-off. If you hold fewer than 100 shares, you are usually not cut back. If you do nothing, you keep your shares. This is information, not advice.
This date comes from the fund's filing of March 21, 2025 and can be extended, changed or withdrawn. Check with your broker. Original document →
- Date
- March 21, 2025
- Fund
- BMEZ - BlackRock Health Sciences Term Trust
- Terms
- 40% of shares, at 99.5% of the value of the holdings, until April 17, 2025
- What
- Offer to buy back shares
- Document number
- 0001193125-25-060100
Open the original document at the SEC →
A letter about a buy-back came in the post - what now
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