BlackRock Health Sciences Term Trust launches tender offer for up to 5% of shares at 98% of NAV

Bitget2026/10/01 20:32

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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: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202610011631BIZWIRE_USPR_____20261001_BW991261) on October 01, 2026, and is solely responsible for the information contained therein.

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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BlackRock Health Sciences Term Trust launches tender offer for up to 5% of shares at 98% of NAV

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