BlackRock Enhanced Global Dividend Trust (BOE) and BlackRock Enhanced International Dividend Trust (BGY) have new portfolio managers effective immediately.
The Funds will now be managed by Zeshan Azam, Wendy Agnew, Kyle McClements, and Sinan Kunt. Azam and Agnew, who joined BlackRock via the Citi Portfolio Solutions Powered by BlackRock partnership, are members of BlackRock’s Global Core Equity Team and bring prior experience managing global and international equity strategies.
BlackRock closed-end funds announced final results of their tender offers for up to 2.5% of outstanding common shares. The tender offers, which expired on November 18, 2024, were oversubscribed for each fund. As a result, shares will be purchased from tendering shareholders on a pro rata basis. For BlackRock Health Sciences Term Trust (BMEZ), 21,043,412 shares were tendered, with 2,596,285 to be purchased at $16.3856 per share. The purchase price equals 98% of each fund's NAV as of November 19, 2024. Payments are expected within five business days after expiration.