BGR: Offer to buy back shares, Oct 15, 2024
The fund offered to buy back 2.5% of its shares at 98% of value, until Nov 15, 2024.
Do I need to do anything? The fund will buy back up to 2.5% of its shares at 98% of the value of its holdings. If you want to sell at that price, tell your broker to tender ALL your shares before Nov 15, 2024; if more people tender than the fund will take, everyone is cut back in proportion, so tendering everything gets you the most. 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.
- Date
- Oct 15, 2024
- Fund
- BGR - BlackRock Energy & Resources Trust
- Terms
- 2.5% of shares, at 98% of the value of the holdings, until Nov 15, 2024
- What
- Offer to buy back shares
- Document number
- 0001193125-24-237632
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