Welcome to our dedicated page for BlackRock Resources & Commdty news (Ticker: BCX), a resource for investors and traders seeking the latest updates and insights on BlackRock Resources & Commdty stock.
BlackRock Resources & Commodities Strategy Trust (BCX) is a closed-end investment trust focused on equity securities and derivatives tied to commodity and natural resources companies, as well as instruments linked to commodity and natural resources price movements. This news page highlights official announcements and market updates related to the BCX stock and its fund activities.
Recent news for BCX has centered on tender offers for its outstanding common shares. In multiple periods, BlackRock announced tender offers for up to 2.5% of BCX’s outstanding common shares, with the purchase price set at 98% of the fund’s net asset value per share as of the close of regular trading on the New York Stock Exchange on the business day following the expiration date. These tender offers were reported as oversubscribed, leading to pro rata repurchases of shares properly tendered.
Investors following BCX news can use this page to monitor announcements about tender offers, final and preliminary tender offer results, and related information such as pro-ration factors, the number of shares tendered, and the number of shares accepted for purchase. The releases also reference the fund’s filings with the U.S. Securities and Exchange Commission, including tender offer statements on Schedule TO and other regulatory reports.
By reviewing the news flow around BCX, investors can see how the fund manages its share base through tender offers and how these actions are structured and priced. This page provides a centralized view of such announcements so that users can track key events affecting BlackRock Resources & Commodities Strategy Trust over time.
BlackRock has announced the final results of tender offers for two of its closed-end funds: BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Resources & Commodities Strategy Trust (BCX). Each fund offered to purchase up to 2.5% of its outstanding common shares. The tender offers, which expired on May 19, 2025, were oversubscribed for both funds.
For BOE, 12,288,978 shares were tendered, with 1,425,644 shares to be purchased at $11.8776 per share (98% of NAV) with a pro-ration factor of 0.11614930. For BCX, 14,138,859 shares were tendered, with 1,954,822 shares to be purchased at $9.7314 per share with a pro-ration factor of 0.13831200. Payments are expected within five business days after the expiration date.
BlackRock announced final results for tender offers of three closed-end funds. The offers, which expired on November 19, 2024, were oversubscribed for each fund. Each fund will purchase shares from tendering shareholders on a pro rata basis. For BlackRock Science and Technology Term Trust (BSTZ), 19,714,994 shares were tendered, with 1,854,222 to be purchased at $22.3440 per share, representing a pro-ration factor of 0.09414755. Similar results were reported for BCX and BOE funds. Payments are expected within five business days after expiration.
BlackRock announced the expiration and preliminary results of tender offers for three closed-end funds: BSTZ, BCX, and BOE. Each fund offered to repurchase up to 2.5% of its outstanding common shares. The tender offers were significantly oversubscribed, with BCX receiving 20,587,371 shares tendered against 2,056,355 shares offered for repurchase. Due to oversubscription, share purchases will be prorated. The purchase price will be 98% of each fund's NAV as of November 20, 2024.
BlackRock closed-end funds announced final results of their tender offers for up to 2.5% of outstanding common shares. The offers, which expired on August 20, 2024, were oversubscribed for each fund. As a result, shares will be purchased from all tendering shareholders on a pro rata basis. The BlackRock Science and Technology Term Trust (BSTZ) had 23,251,771 shares tendered, with 1,901,766 to be purchased at $21.4522 per share. The pro-ration factor for BSTZ is 0.08188543. Two other BlackRock funds, BCX and BOE, also reported their tender offer results. Payments for accepted shares are expected within five business days after the expiration date.
BlackRock closed-end funds BSTZ, BCX, and BOE announced the expiration and preliminary results of their tender offers for up to 2.5% of outstanding common shares. The offers, which began on July 19, 2024, and ended on August 20, 2024, were significantly oversubscribed. BSTZ offered 1,901,766 shares but received tenders for 23,251,771 shares. BCX and BOE also saw high demand, with tenders exceeding the offered amounts by over 10 times. Due to oversubscription, share purchases will be prorated. The purchase price will be 98% of each fund's NAV as of August 21, 2024. Final results, including pro-ration factors, are expected to be announced around August 21, 2024.
FAQ
What is the current stock price of BlackRock Resources & Commdty (BCX)?
What is the market cap of BlackRock Resources & Commdty (BCX)?
