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BlackRock North American Income Trust tender offer results

By BFN News | 04:18 PM | Tuesday 03 February, 2015


On 6 November 2014 the Board of BlackRock North American Income Trust has announced that it had resolved to implement a tender offer for up to 20 per cent of the Company's issued Ordinary Shares as at close of business on 6 November 2014 (20,072,261 Ordinary Shares). The Tender Offer was oversubscribed with 26,792,763 Ordinary Shares (26.69 per cent of the issued Ordinary Shares) being tendered. Shareholders who tendered shall have their basic entitlement satisfied in full and their election for further shares will be scaled-back pro rata with each shareholder receiving 61.3269 per cent of their election for further shares. All tendered Ordinary Shares will be held in Treasury. At 4:17pm: (LON:BRNA) BlackRock North Amer share price was 0p at 118.5p Story provided by StockMarketWire.com

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