IPO - BlackRock Utilities, Infrastructure & Power Opportunities Trust
Form Type: 424B5
Filing Date: 2025-06-05
Corporate Action: Ipo
Type: New
Accession Number: 000119312525135940
Filing Summary: BlackRock Utilities, Infrastructure & Power Opportunities Trust is offering up to 7,500,000 common shares of beneficial interest. The shares will be traded on the NYSE under the symbol 'BUI'. As of May 30, 2025, the last reported net asset value per share was $24.31, with the last sale price being $24.15. The Trust aims to provide total returns through current income, gains, and long-term capital appreciation. A Distribution Agreement has been finalized on June 5, 2025, with BlackRock Investments LLC, and a Sub-Placement Agent Agreement with UBS Securities LLC to facilitate this offering. The planning includes selling shares at or above their net asset value. The proceeds from the offering will be invested in accordance with the Trust's investment objectives, likely within three months. Risks related to leverage and market conditions are highlighted, along with costs associated with the offering including a sales load of 1.00%. The document categorizes investments and outlines the Trust's structure and expenses.
Additional details:
Offering Size: 7500000
Last Reported Naval: 24.31
Last Sale Price: 24.15
Commission Rate: 1.00%
Sub Placement Agent: UBS Securities LLC
Distribution Agent: BlackRock Investments LLC
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