BlackRock Closed-End Funds have Repurchased approximately $1.3 Billion of Shares since the Share Repurchase Program's Inception [Yahoo! Finance]
BlackRock Energy and Resources Trust (BGR)
US:NYSE Investor Relations:
blackrock.com/investing/products/240226/blackrock-energy-and-resources-trust-fund
Company Research
Source: Yahoo! Finance
closed-end funds (the "Funds") during the quarter ended December 31, 2023. The Funds have authorized open market share repurchase programs (the "Repurchase Programs") pursuant to which each Fund may repurchase, through November 30, 2024, up to 5% of its outstanding common shares 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 ("NAV") per share, which could result in incremental accretion to a Fund's NAV. Since the initial Repurchase Program's inception in 2016, BlackRock has repurchased approximately $1.3 billion in shares across the closed-end fund ("CEF") complex, leading to approximately $203 million in NAV accretion. BlackRock repurchased approximately $116 million in shares across the entire CEF complex in the fourth quarter, leading to over $18 million in NAV accretion. Below is a summary of share repurchase activity over this past quarter and since the incepti
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Sec Filings
- 3/14/24 - Form N-CEN
- 3/6/24 - Form N-CSR
- 2/26/24 - Form NPORT-P
- BGR's page on the SEC website