Liquidation: BLACKROCK FUNDS VII, INC.

Form Type: 497

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: New

Accession Number: 000119312525047252

Filing Summary: On February 20, 2025, the Board of Directors of BlackRock Funds VII, Inc. approved a proposal to close the BlackRock Sustainable U.S. Value Equity Fund to new and subsequent investments, leading to its liquidation. This closure takes effect at 4:00 p.m. (Eastern time) on April 4, 2025, with no orders accepted from new or existing shareholders for purchasing Fund shares. The complete liquidation of the Fund's assets is anticipated by April 11, 2025, the designated Liquidation Date. Shareholders holding shares on this date will have their shares redeemed at the net asset value per share, resulting in the termination of the Fund as a series of the Corporation. Before the Liquidation Date, shareholders have the option to redeem their shares or exchange them for shares of another mutual fund advised by BlackRock Advisors, LLC or its affiliates. The Fund may adjust its investment strategies in preparation for this liquidation. Shareholders are advised to consult with tax advisers regarding potential impacts of the liquidation and exchanges on their tax situations.

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Form Type: 497K

Filing Date: 2025-03-05

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312525047257

Filing Summary: BlackRock Funds VII, Inc. has announced that the Board of Directors approved the closure and subsequent liquidation of the BlackRock Sustainable U.S. Value Equity Fund. Effective April 4, 2025, at 4:00 p.m. Eastern time, the Fund will cease to accept new investments and subsequent orders from existing shareholders. The complete liquidation of the Fund's assets is scheduled for around April 11, 2025. Shareholders holding shares on the Liquidation Date will have their shares redeemed at the net asset value. Prior to the Liquidation Date, shareholders can redeem or exchange their shares into other mutual funds advised by BlackRock Advisors, LLC. The Fund may alter its investment strategies in preparation for liquidation, and stakeholders are advised to consult tax advisers regarding the implications of these actions.

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