Tender Offer - BlackRock Enhanced Global Dividend Trust
Form Type: SC TO-I/A
Filing Date: 2025-05-21
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525123411
Filing Summary: This document is the Final Amendment No. 2 to the Issuer Tender Offer Statement on Schedule TO originally filed on April 16, 2025, by BlackRock Enhanced Global Dividend Trust. The Offer aimed to repurchase 2.5% of its issued and outstanding common shares of beneficial interest at a price equal to 98% of the net asset value (NAV) per Share. The Offer expired on May 19, 2025, at 5:00 p.m. Eastern time and was oversubscribed. Consequently, the Fund will repurchase Shares from all tendering shareholders on a pro rata basis. A total of 12,288,978 Shares were validly tendered, and 1,425,644 Shares were accepted for repurchase at a price of $11.8776 per Share, corresponding to the NAV as of May 20, 2025. The amendment also updates Item 12 of the Schedule TO to reflect a press release announcing the final results of the Offer, which is attached as an exhibit.
Additional details:
Offer Expiration Date: 2025-05-19
Total Shares Tendered: 12288978
Accepted Shares For Repurchase: 1425644
Repurchase Price: 11.8776
Nav Date: 2025-05-20
Form Type: SC TO-I/A
Filing Date: 2025-05-20
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525122645
Filing Summary: This document is an amendment to the Issuer Tender Offer Statement on Schedule TO initially filed on April 16, 2025, by BlackRock Enhanced Global Dividend Trust. The amendment seeks to update Item 12 with a press release announcing the preliminary results of the tender offer, which aimed to repurchase 2.5% of its issued and outstanding common shares in exchange for cash at a price equal to 98% of the net asset value per share. The offer expired on May 19, 2025, at 5:00 p.m. Eastern time. Financial statements dated December 31, 2024, have been incorporated by reference, and additional exhibits related to the filing fees and press release are included.
Additional details:
Exhibit Number: (a)(5)(ii)
Description: Press release issued on May 19, 2025
Filing Fee Exhibit: Filing Fee Exhibit
Form Type: SC TO-I
Filing Date: 2025-04-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525082877
Filing Summary: BlackRock Enhanced Global Dividend Trust is conducting an issuer tender offer to repurchase 2.5% of its outstanding common shares of beneficial interest. The repurchase will be executed at a price equal to 98% of the net asset value per share, which will be determined based on the close of the next trading session after the offer expires. The Offer to Purchase and related Letter of Transmittal have been filed as part of this tender offer statement, fulfilling the reporting requirements under Rule 13e-4(c)(2) of the Securities Exchange Act of 1934. The tender offer was first published to security holders on April 16, 2025, and the filing also includes information about the Fund's identity, background, interests of trustees and officers, and the transaction terms.
Additional details:
Common Shares To Be Re Purchased: 2.5% of issued and outstanding shares
Purchase Price: 98% of NAV per share
Total Shares Outstanding: 57,025,769
Principal Market: NYSE
Form Type: SC TO-C
Filing Date: 2025-04-02
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525070681
Filing Summary: On April 1, 2025, BlackRock Enhanced Global Dividend Trust announced a tender offer for its outstanding common shares due to a Trigger Event observed during the Quarterly Measurement Period, ending on March 31, 2025, where the average daily discount to NAV was greater than 7.50%. Specifically, the Trust's average daily discount registered at -9.12%. The tender offer will allow the repurchase of 2.5% of its outstanding shares at a price of 98% of the Fund’s NAV, determined at the close of trading on the NYSE following the tender offer expiration. The anticipated commencement date for the tender offer is April 16, 2025, with an expiration date of May 19, 2025, unless extended. If demand exceeds the offered shares, purchases will be conducted on a pro rata basis.
Additional details:
Average Daily Discount: -9.12
Tender Offer Commencement Date: 2025-04-16
Tender Offer Expiration Date: 2025-05-19
Tender Offer Percentage: 2.5
Percentage Of Nav: 98%
Form Type: SC TO-I/A
Filing Date: 2025-02-26
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525035508
Filing Summary: This document is an Amendment No. 2 to the Issuer Tender Offer Statement originally filed on January 23, 2025, by BlackRock Enhanced Global Dividend Trust. It reports the results of the tender offer which allowed repurchases of 2.5% of the Fund's issued and outstanding common shares. The offer expired on February 24, 2025, and was oversubscribed with 13,246,807 shares tendered. A total of 1,462,199 shares will be repurchased at $12.1520 per share, reflecting 98% of the Fund's NAV as of February 25, 2025. The amendment updates Item 12 to include a press release about the final results of the offer.
Additional details:
Tender Offer Price: 12.1520
Shares Invalidly Tendered: 13426807
Shares Accepted For Repurchase: 1462199
Form Type: SC TO-I/A
Filing Date: 2025-02-25
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525034110
Filing Summary: This Amendment No. 1 updates the Issuer Tender Offer Statement on Schedule TO filed by BlackRock Enhanced Global Dividend Trust on January 23, 2025. The fund is offering to repurchase 2.5% of its outstanding common shares at a price equal to 98% of the net asset value (NAV) per share, calculated on the day following the expiration of the Offer. The Offer expired on February 24, 2025, at 5:00 p.m. Eastern time, and the amendment includes a press release announcing the preliminary results of the Offer. The previous details contained in the Schedule TO and the related Offer to Purchase remain unchanged, with only the addition of updated information through this amendment and the attached press release as an exhibit. Financial statements from previous filings have been incorporated by reference as necessary.
Additional details:
Date Tender Offer First Published: 2025-01-23
Tender Offer Price: 98% of the net asset value
Offer Expiration Date: 2025-02-24
Form Type: SC TO-I
Filing Date: 2025-01-23
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525011484
Filing Summary: BlackRock Enhanced Global Dividend Trust has initiated an issuer tender offer to repurchase 2.5% of its outstanding common shares at a purchase price of 98% of the net asset value per share, calculated on the pricing date following the offer's expiration. The offer was first published on January 23, 2025, and aims to provide liquidity to shareholders while maintaining the fund's capital structure. The Fund is organized as a Delaware statutory trust and is advised by BlackRock Advisors, LLC. Notable recent agreements include a standstill agreement with Saba Capital Management, L.P., to adhere to certain covenants and voting recommendations through August 31, 2027, or until the next annual meeting. The offer's terms, procedures for tendering shares, and other pertinent information are detailed in associated documentation, including the Original Offer to Purchase and Supplement No. 1, which are referenced throughout the filing.
Additional details:
Subject Company: BlackRock Enhanced Global Dividend Trust
Security Title: Common Shares of Beneficial Interest
Cusip Number: 092501105
Number Of Shares Outstanding: 58487968
Purchase Price Criteria: 98% of NAV
Form Type: SC TO-C
Filing Date: 2025-01-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525000813
Filing Summary: On January 2, 2025, BlackRock Enhanced Global Dividend Trust announced a tender offer for a portion of its outstanding common shares as part of a broader initiative to manage discounts and enhance shareholder value. The tender offer is triggered by average daily discounts to net asset value (NAV) exceeding 7.50% during the Quarterly Measurement Period from October 1, 2024, to December 31, 2024. The trust will repurchase 2.5% of its shares at a price of 98% of NAV per share. The tender offer for BlackRock Enhanced Global Dividend Trust, along with other funds, will commence on January 23, 2025, with an expiration date of February 24, 2025. If more than the stipulated shares are tendered, purchases will be made on a pro rata basis. The decision aligns with the funds' ongoing discount management programs aimed at providing liquidity to shareholders. Shareholders are encouraged to review detailed tender offer materials once available, as they will contain critical information regarding the tender process and specifics of the offer.
Additional details:
Average Daily Discount: -10.36%
Tender Offer Commencement Date: 2025-01-23
Tender Offer Expiration Date: 2025-02-24
Repurchase Percentage: 2.5%
Repurchase Price Percentage: 98%
Contact Information: 1-800-882-0052
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