The BlackRock closed-end funds (each, a “Fund” and collectively, the “Funds”) announced the renewal of their discount management programs (each, a “Program” and collectively, the “Programs”). Under the terms of each Fund’s Program, each Fund intends to offer to repurchase a portion of its common shares via tender offer if certain conditions are met during the specified time period. Each Program will be comprised of one Measurement Period, as detailed below, unless continued by a Fund’s Board of Directors/Trustees (each a “Board”). The Measurement Period start and end dates are currently expected to be as indicated. Measurement Period Start: January 1, 2025. Measurement Period End: September 30, 2025.
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