BCAT宣布以NAV折扣提供可转让权利

2026-09-11 05:41

BlackRock Capital Allocation Term Trust (BCAT) will conduct a rights offering allowing shareholders of record on September 25, 2026, to subscribe for additional shares at a discount to NAV.
Shareholders will receive 1 transferable Right per share held, with 5 Rights required to purchase 1 new share.
The subscription price will be based on 95% of the average market price over five trading days, subject to a floor of 98.5% of NAV and a maximum of $0.01 below NAV.
The offer expires October 21, 2026, unless extended, while the rights are expected to trade on the NYSE as “BCAT RT” through October 20.
Shareholders can exercise, sell, or let their Rights expire, with fully exercising record-date holders also eligible for a potential over-subscription privilege.
BlackRock Advisors will cover all offering expenses, so the costs will not be borne by the Fund.
BCAT said the offering is intended to increase Fund assets and provide capital to pursue income and long-term growth opportunities across public and private markets.
BCAT shares fall 5.7% post-market.

More on BlackRock Capital Allocation Trust