BlackRock Health Science Term Trust Launches Tender Offer to Acquire up to 40% of Shares

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BlackRock Health Science Term Trust Launches Tender Offer to Acquire up to 40% of Shares

, MT Newswires - 9:37 AM ET 3/21/2025 mergers-and-acquisitions

09:37 AM EDT, 03/21/2025 (MT Newswires) -- BlackRock Health Science Term Trust (BMEZ) said Friday it launched a tender offer to acquire up to 40% of outstanding common shares.

Shares will be repurchased at a price equal to 99.5% of the fund's net asset value per share.

If more than 40% of the fund's shares are tendered, it will acquire them from tendering shareholders on a pro-rata basis.

The tender offer expires on April 17, and the pricing date is set for April 21.

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