Tender Offer - BlackRock Enhanced International Dividend Trust

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Form Type: SC TO-I

Filing Date: 2025-04-17

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525084400

Filing Summary: On April 17, 2025, BlackRock Enhanced International Dividend Trust announced an issuer tender offer to repurchase 2.5% of its issued and outstanding common shares of beneficial interest. The repurchase will occur in exchange for cash at a price equal to 98% of the net asset value (NAV) per share, calculated as of the close of the trading session on the next day after the offer expires. The filing also included necessary details per SEC regulations under Rule 13e-4, indicating that this tender offer is being made to enhance shareholder value and provides an opportunity for investors to sell their shares at a premium relative to NAV.

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Additional details:

Tender Offer Price: 98% of the net asset value

Percentage Of Shares Repurchase: 2.5%

Type Of Offer: issuer tender offer

Date Offer First Published: 2025-04-17

Title Of Securities: common shares of beneficial interest

Cusip Number: 092524107

Number Of Shares Outstanding: 92937902

Principal Market: NYSE

Form Type: SC TO-C

Filing Date: 2025-04-02

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525070675

Filing Summary: On April 1, 2025, BlackRock Enhanced International Dividend Trust announced a tender offer as part of its discount management program after experiencing a Trigger Event with an average daily discount to net asset value (NAV) exceeding 7.50% during the Quarterly Measurement Period ending March 31, 2025. The Trust will repurchase 2.5% of its outstanding common shares at a price equal to 98% of NAV. The tender offer is set to commence on April 17, 2025, and expire on May 20, 2025, unless extended. This is a part of the Fund's ongoing efforts to manage discounts and enhance long-term shareholder value. Shareholders are advised to review the tender offer materials when filed, as they will contain significant information regarding the offer.

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Additional details:

Ticker: BGY

Average Daily Discount: -8.66%

Tender Offer Commencement Date: 2025-04-17

Tender Offer Expiration Date: 2025-05-20

Tender Offer Repurchase Percentage: 2.5%

Tender Offer Price Percentage: 98%

Form Type: SC TO-I/A

Filing Date: 2025-02-26

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525035510

Filing Summary: This filing is a Final Amendment to the Issuer Tender Offer Statement on Schedule TO filed by BlackRock Enhanced International Dividend Trust, concerning the repurchase of 2.5% of its issued and outstanding common shares. The tender offer first published on January 23, 2025, and was set to expire at 5:00 p.m. Eastern time on February 24, 2025. The offer was oversubscribed with 31,046,841 shares validly tendered and 2,383,023 shares accepted for repurchase at a price of $6.0662 each, which is 98% of the net asset value (NAV) per share as of February 25, 2025. The final amendment also includes a press release announcing the results of the tender offer and incorporates prior financial statements.

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Additional details:

Date Tender Offer First Published: 2025-01-23

Offer Expiration Date: 2025-02-24

Total Shares Tendered: 31046841

Shares Accepted For Repurchase: 2383023

Repurchase Price: 6.0662

Form Type: SC TO-I/A

Filing Date: 2025-02-25

Corporate Action: Tender-offer

Type: Update

Accession Number: 000119312525033869

Filing Summary: This document is an amendment to the Issuer Tender Offer Statement on Schedule TO filed by BlackRock Enhanced International Dividend Trust. It updates details regarding the Fund's tender offer to repurchase 2.5% of its outstanding common shares for cash at a price set at 98% of the net asset value (NAV) per share. The tender offer, first published on January 23, 2025, expired on February 24, 2025, at 5:00 p.m. Eastern time. This amendment includes a press release announcing the preliminary results of the tender offer and incorporates by reference previously filed financial statements and other documentation relevant to the Fund. Except for this amendment, the contents of the original Schedule TO and associated documents remain unchanged.

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Additional details:

Date Tender Offer First Published: 2025-01-23

Tender Offer Expiration Date: 2025-02-24

Tender Offer Percentage: 2.5

Tender Offer Price Percentage: 98

Form N Csr Filing Date: 2024-03-06

Form N Csrs Filing Date: 2024-09-05

Press Release Date: 2025-02-24

Form Type: SC TO-I

Filing Date: 2025-01-23

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525011488

Filing Summary: BlackRock Enhanced International Dividend Trust, a Delaware statutory trust, is initiating an issuer tender offer to repurchase approximately 2.5% of its issued and outstanding common shares of beneficial interest. The repurchase will be made in exchange for cash at a price equal to 98% of the net asset value per share, calculated as of the close of trading on the NYSE the day after the offer expires. The offer is being made as part of the Fund's reporting requirements under Rule 13e-4 under the Securities Exchange Act of 1934. The notice of the tender offer was sent to security holders on January 23, 2025, and includes details regarding the price, volume of shares, and the conditions of the offer. The total number of shares eligible for repurchase is based on the Fund's reported figures as of January 15, 2025, which states there were 95,320,925 shares outstanding.

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Additional details:

Name Of Subject Company: BlackRock Enhanced International Dividend Trust

Title Of Class Of Securities: Common Shares of Beneficial Interest

Cusip Number: 092524107

Number Of Shares Outstanding: 95320925

Purchase Price: 98% of the net asset value

Pricing Date: next day after the offer expires

Principle Market: NYSE

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000816

Filing Summary: 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.

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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

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