Tender Offers for BlackRock Enhanced International Dividend Trust
Form Type: SC TO-C
Filing Date: 2025-01-03
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525000816
Comments: On January 2, 2025, BlackRock Enhanced International Dividend Trust announced a tender offer regarding a portion of its outstanding common shares. This decision follows a Quarterly Measurement Period, which revealed an average daily discount of 10.10% to the Fund's net asset value (NAV). The tender offers are being conducted as part of BlackRock's discount management programs aiming to enhance shareholder value and provide liquidity. If the tender offer exceeds 2.5% of the Fund's outstanding common shares, purchases will occur on a pro rata basis at 98% of the calculated NAV. The tender offers for this Fund will commence on January 23, 2025, and end on February 24, 2025, unless extended. Payments for accepted shares are expected within approximately five business days post-expiration of the offer. Common shareholders are encouraged to review relevant documents when made available as these contain essential information pertaining to the tender offer.
Document Link: View Document
Additional details:
Trigger Event Status: yes
Measurement Period Start: 2024-10-01
Measurement Period End: 2024-12-31
Average Daily Discount: -10.10%
Tender Offer Commencement Date: 2025-01-23
Tender Offer Expiration Date: 2025-02-24
Tender Offer Price: 98% of NAV