Tender Offers for BlackRock Health Sciences Term Trust

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000818

Comments: On January 2, 2025, BlackRock Health Sciences Term Trust announced the initiation of a tender offer for its common shares. The tender offer is part of the Funds' strategy to manage discounts to net asset value (NAV) and enhance shareholder value. The quarterly measurement period concluded on December 31, 2024, and during this time, BlackRock Health Sciences Term Trust experienced an average daily discount of -10.90% to NAV, which constitutes a Trigger Event. Consequently, the Board has authorized the repurchase of 2.5% of its outstanding common shares at a price equal to 98% of the Fund's NAV per share. The tender offer is set to commence on January 21, 2025, and will expire on February 20, 2025, unless extended. Shareholders are encouraged to review the detailed materials related to the tender offer as they become available.

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