Certain BlackRock Limited Term Closed-End Funds Announce Share Repurchase Programs

Nov 19, 2021

BlackRock Advisors, LLC announced today that the Boards of Directors/Trustees of six limited term BlackRock closed-end funds (the “Funds”) have authorized open market share repurchase programs (the “Repurchase Programs”) pursuant to which each Fund may repurchase, through November 30, 2022, up to 5% of its outstanding common shares (based on common shares outstanding on November 18, 2021), in open market transactions. The Repurchase Programs seek to enhance shareholder value by purchasing Fund shares trading at a discount from their net asset value per share (“NAV”) which is accretive to a Fund’s NAV.

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