Tender Offer - BlackRock Credit Strategies Fund

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Form Type: N-23C3A

Filing Date: 2025-04-08

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525075829

Filing Summary: BlackRock Credit Strategies Fund filed a Notification of Repurchase Offer on April 8, 2025, relating to its quarterly repurchase offer aimed at providing liquidity to shareholders. The fund, which is a closed-end interval fund, will repurchase up to 5% of its outstanding shares at net asset value (NAV). The offer commences on April 8, 2025, and concludes at the close of the NYSE on May 8, 2025. Shareholders can tender their shares either directly or through a financial intermediary. There will be no transaction fee for shares accepted for repurchase. The repurchase request must be submitted before the deadline, and if the number of shares tendered exceeds the amount being offered, a pro rata repurchase process will apply. The NAV for various classes of shares as of April 1, 2025, ranges from $8.35 to $8.38 per share.

Document Link: View Document

Additional details:

Investment Company File Number: 811-23380

Address Principal Executive Office: 100 Bellevue Parkway, Wilmington, DE 19809

Maximum Percentage Repurchased: 5%

Repurchase Request Deadline: 2025-05-08

Repurchase Pricing Date: 2025-05-08

Nav Institutional Shares: 8.35

Nav Class A Shares: 8.38

Nav Class U Shares: 8.36

Nav Class W Shares: 8.38

Nav Class J Shares: 8.36

Form Type: N-23C3A

Filing Date: 2025-01-08

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525003561

Filing Summary: BlackRock Credit Strategies Fund is notifying shareholders of its quarterly repurchase offer, allowing the repurchase of up to 5% of its outstanding common shares at net asset value (NAV) as of the close of trading on February 7, 2025. The offer aims to provide liquidity since the shares are not redeemable or traded on an exchange, and there is no repurchase fee for accepted shares. The repurchase request period starts and ends strictly on January 8, 2025, and February 7, 2025, respectively. If more shares are tendered than offered, a pro-rata method will be used for repurchases. The document details the NAV of various share classes as of January 2, 2025, and advises that any sale of shares will be seen as a taxable event. Shareholders must ensure their requests are received by the transfer agent in good order by the deadline to avoid their requests being invalidated.

Document Link: View Document

Additional details:

Investment Company Name: BlackRock Credit Strategies Fund

Contact Number: 1-800-882-0052

Principal Address: 100 Bellevue Parkway, Wilmington, DE 19809

Repurchase Offer Amount: 5%

Nav Class A: $8.50

Nav Class J: $8.48

Nav Class U: $8.48

Nav Class W: $8.50

Nav Institutional: $8.47

Repurchase Request Deadline: 2025-02-07T16:00:00Z

Repurchase Pricing Date: 2025-02-07T16:00:00Z

Payment Date: Payment will be made within 7 days after the Repurchase Pricing Date

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