Tender Offers for BlackRock Health Sciences Trust

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000819

Comments: On January 2, 2025, BlackRock Health Sciences Trust filed a Tender Offer Statement under the Securities Exchange Act of 1934. The filing indicates the launch of a tender offer for common shares of the Trust as part of a broader initiative involving multiple BlackRock closed-end funds to manage share discounts and enhance shareholder value. The offer will commence on January 21, 2025, and will conclude by February 20, 2025. The Funds will repurchase up to 2.5% of their outstanding shares at 98% of the NAV, contingent on a Trigger Event where shares traded at an average discount to NAV greater than 7.5%. The details of the offers and the specific funds involved are summarized, highlighting anticipated commencement and expiration dates for the tender offers.

Document Link: View Document

Additional details:

Title Of Class Of Securities: Common Shares of Beneficial Interest

Cusip Number: 09250W107

Trigger Event: average daily discount greater than 7.50% during the Quarterly Measurement Period

Repurchase Percentage: 2.5% of outstanding common shares

Tender Offer Price: 98% of the Fund's NAV per share

Tender Offer Commencement Date: 2025-01-21

Tender Offer Expiration Date: 2025-02-20