Tender Offers for BlackRock Resources & Commodities Strategy Trust

Form Type: SC TO-C

Filing Date: 2025-01-03

Corporate Action: Tender-offer

Type: New

Accession Number: 000119312525000809

Comments: On January 2, 2025, BlackRock Resources & Commodities Strategy Trust announced a tender offer following a Quarterly Measurement Period, which concluded on December 31, 2024, under its discount management program. The tender offer is part of the trust's efforts to manage share discounts and enhance shareholder value. A Trigger Event (average daily discount over 7.50%) was identified, prompting this tender offer. The fund will repurchase 2.5% of its outstanding shares at a price equal to 98% of its net asset value (NAV) per share. The release also includes specific commencement and expiration dates for the tender offers of various BlackRock closed-end funds, including the Resources & Commodities Strategy Trust, which is scheduled to start on January 23, 2025, and end on February 24, 2025. The market performance data for the funds shows varying average daily discounts, with BCX having a 10.00% discount, highlighting the need for this action.

Document Link: View Document