BlackRock Credit Allocation Income Trust (the “Trust”) (NYSE: BTZ, CUSIP: 092508100) today announced the final results of the Trust’s tender offer (the “Tender Offer”) for up to 10% of its outstanding common shares of beneficial interest (the “Shares”).
The Tender Offer, which expired at 5:00 p.m. Eastern time on February 3, 2020, was oversubscribed.
Therefore, in accordance with the terms and conditions of the Tender Offer, the Trust will purchase Shares from all tendering stockholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”). The final results of the Tender Offer are provided in the table below.
|
Number of |
Number of |
Pro-Ration |
Purchase |
|||
|
41,241,878 |
|
10,386,555 |
|
0.25185496 |
|
$14.945 |
*Equal to 98% of the Trust’s net asset value per Share as of February 3, 2020 (the business day on which the Tender Offer expired).
Questions regarding the Tender Offer may be directed to Georgeson LLC, the Information Agent for the Tender Offer, toll free at (877) 278-9670. fintech news
Important Notice
This press release is for informational purposes only and shall not constitute an offer or a solicitation to buy any common shares. The offer to purchase Trust common shares was made only pursuant to an offer on Schedule TO. Common shareholders may obtain a free copy of the offer to purchase and other documents filed with the Securities and Exchange Commission (the “SEC”) at the website maintained by the SEC at www.sec.gov or by directing such requests to the Trust.
