BlackRock Health Sciences Term Trust

BMEZ: SC TO-I · share repurchase

BlackRock Health Sciences Term Trust (NYSE: BMEZ) has commenced an issuer tender offer to repurchase up to 5% of its 62,501,404 outstanding common shares — 3,125,070 shares — for cash at 98% of NAV, expiring November 18, 2026, unless extended. The offer was triggered by the Fund's discount management program: shares traded at an average daily discount to NAV above 10% during the nine-month measurement period ended September 30, 2026. As of October 9, 2026, NAV was $18.42 versus a market price of $16.52, a (10.31)% discount. If fully subscribed at the indicated price, the Fund would pay approximately $56.4 million, funded first from cash on hand and then from portfolio securities sales — no borrowing is planned. Oversubscription will result in pro rata purchases, and trustees, officers and portfolio managers have stated they do not intend to tender.

SEC SC TO-I•8d ago

Certain BlackRock Closed-End Funds Provide Updates on their Discount Management Programs

BlackRock announced Measurement Period results for its closed-end fund discount management programs, with BCAT posting a 3.30% average daily premium to NAV through September 30, 2026. Because BCAT traded at a premium rather than a discount greater than 10%, no tender offer is triggered for BCAT; only BMEZ, with an 11.05% average discount, will conduct a tender offer for up to 5% of its shares at 98% of NAV, commencing October 16, 2026. For BCAT holders this is a routine program update with no immediate capital action; the fund remains comfortably outside the discount trigger threshold.

•23d ago

BlackRock Provides Update on Closed-End Fund Discount Management Programs

BlackRock provided a mid-year update on its closed-end fund discount management programs, which run through September 30, 2026. BCAT traded at an average daily discount of 0.96% year-to-date, remaining below the 10% threshold required to trigger a conditional tender offer for share repurchases. Only two funds, BSTZ and BMEZ, exceeded the discount threshold, while BlackRock continues to monitor all funds until the measurement period concludes.

•3mo ago