BlackRock Core Bond Trust (BHK) Stock News

BHK NYSE

Welcome to our dedicated page for BlackRock Core Bond Trust news (Ticker: BHK), a resource for investors and traders seeking the latest updates and insights on BlackRock Core Bond Trust stock.

BlackRock Core Bond Trust (BHK) reports developments for a closed-end management investment company focused on current income and capital appreciation. The fund invests primarily in investment-grade bonds and may hold corporate bonds, U.S. government and agency securities, and mortgage-related securities.

Company news centers on fund-level capital actions, common shares of beneficial interest, transferable rights offerings, subscription terms, over-subscription mechanics, monthly distributions, Board approvals, and actions involving BlackRock Advisors, LLC as investment adviser.

06/20/2025 08:00 AM

News

BlackRock Core Bond Trust (BHK) Announces Results of its Over-subscribed Rights Offering

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BlackRock Core Bond Trust (BHK) has successfully completed its over-subscribed transferable rights offering at $9.22 per Common Share. The offering resulted in the issuance of over 18.0 million Common Shares, generating approximately $166 million in proceeds. The subscription price was set at 95% of the average last reported sales price on NYSE over five trading days. Due to high demand, the Fund activated its over-subscription privilege, allowing Record Date shareholders who fully exercised their rights to subscribe for additional shares. BlackRock Advisors will cover all offering expenses, allowing the Fund to receive the entire proceeds. Portfolio Manager Scott MacLellan highlighted resilient market fundamentals, attractive yields, and potential for lower financing costs as positive factors for increasing shareholder income.

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BlackRock Core Bond Trust (BHK) Announces Terms of Rights Offering

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BlackRock Core Bond Trust (NYSE: BHK) announced a transferable rights offering allowing existing shareholders as of May 27, 2025, to purchase additional shares at a discount. Shareholders will receive 1 right for each share owned, with 3 rights needed to purchase 1 new share. The subscription price will be set at 95% of the average closing price over 5 trading days ending June 18, 2025, or 90% of NAV if lower. Key benefits include: opportunity to invest in bonds at lower prices amid rising rates, potential for higher earnings, no offering expenses for shareholders, and expected maintenance of current distribution levels. Rights will trade on NYSE under "BHK RT" from May 23 through June 17, 2025. The offering includes an over-subscription privilege for shareholders who fully exercise their rights.

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