Tender Offers for BlackRock Enhanced Global Dividend Trust

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000813

Comments: 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.

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