BlackRock Health Sciences Term Trust

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.

•1mo 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.

•4mo ago