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BCAT Buyback image

BlackRock Capital Allocation Term Trust Buyback

OLI recorded this information on 11/15/2023

Company: BlackRock Capital Allocation Term Trust
Buyback: BCAT buyback
Share Amount Authorized: 5% of current outstanding shares
Buyback Details: BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of fifty BlackRock municipal, taxable fixed income, equity, and multi-asset closed-end funds (the "Funds") have authorized the renewal of open market share repurchase programs (the "Repurchase Programs"). Under each Fund's current Repurchase Program, each Fund may repurchase, through November 30, 2023, up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2022) in open market transactions. Pursuant to the Boards' renewal of the Repurchase Programs, commencing on December 1, 2023, each Fund may repurchase up to 5% of its outstanding common shares (based on common shares outstanding on November 30, 2023) in open market transactions through November 30, 2024. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value ("NAV") per share, which could result in incremental accretion to a Fund's NAV. The Boards have authorized the renewal of a Repurchase Program for the following Funds: (data in chart)

BlackRock Capital Allocation Term Trust is a newly-organized, non-diversified, closed-end management investment company with no operating history. Co.'s investment objectives are to provide total return and income through a combination of income, gains and long-term capital appreciation.
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BCAT — Key Stats (updated 20 hours, 4 minutes ago)
Company Name:  BlackRock Capital Allocation Term Trust
Stock buyback:  BCAT buyback
Website:  www.blackrock.com
Sector:  Investment Brokerages
Number of ETFs Holding BCAT:  2
Total Market Value Held by ETFs:  $22.43M
 

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May 3, 2024  •  7:11 AM Eastern
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