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Certain BlackRock Closed-End Funds Announce Renewal of Discount Management Programs

1. BlackRock renews discount management programs for closed-end funds. 2. Funds may repurchase shares via tender offers under certain conditions.

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FAQ

Why Bullish?

Share repurchases typically signal confidence and can enhance shareholder value, as seen in previous buybacks boosting stock prices. Historically, similar actions by BlackRock have led to positive short-term price movements in their funds.

How important is it?

Renewal of buyback programs indicates strategic intent to manage discounts, which positively influences investor sentiment and potential future price appreciation.

Why Short Term?

The immediate effects of share repurchase announcements often manifest quickly, enhancing demand for the stock and potentially driving up prices within weeks of the announcement.

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BLKCEFLBIF
NEW YORK--(BUSINESS WIRE)---- $BCAT--The BlackRock closed-end funds listed below (each, a “Fund” and collectively, the “Funds”) announced today the renewal of their discount management programs (each, a "Program" and collectively, the “Programs”). Under the terms of each Fund's Program, each Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during the specified time period, as detailed below. BlackRock Closed-End Funds Renewing their Discoun.

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