|Bid||10.60 x 3100|
|Ask||10.61 x 900|
|Day's Range||10.57 - 10.60|
|52 Week Range||9.48 - 11.03|
|Beta (3Y Monthly)||0.49|
|PE Ratio (TTM)||30.86|
|Forward Dividend & Yield||0.85 (8.06%)|
|1y Target Est||N/A|
On September 5, 2019, the Board of Directors/Trustees (the "Board") of each fund listed in the table below (each, a “Fund” and together, the “Funds”) approved a Managed Distribution Plan (the "Plan") for each Fund. Pursuant to the Plan, each Fund will pay a monthly distribution to shareholders at a stated annual rate as a percentage of the 3-month average net asset value (“NAV”) as of July 31, 2019 for each applicable Fund. Payment of monthly distributions under each Fund’s Plan will commence in October 2019.
Certain BlackRock closed-end funds announced distributions today as detailed below. BlackRock Florida Municipal 2020 Term Trust declared its June and July distribution early.
BlackRock Debt Strategies Fund, Inc. (the “Fund”) (NYSE:DSU, CUSIP: 09255R202) announced today the final results of the Fund’s tender offer (the “Tender Offer”) for up to 5% of its outstanding shares of common stock (the “Shares”). The Tender Offer, which expired at 5:00 p.m. Eastern time on April 15, 2019, was oversubscribed. Therefore, in accordance with the terms and conditions of the Tender Offer, the Fund will purchase Shares from all tendering stockholders on a pro rata basis, after disregarding fractions, based on the number of Shares properly tendered (“Pro-Ration Factor”).
BlackRock Debt Strategies Fund, Inc. (the “Fund”) (NYSE: DSU, CUSIP: 09255R202) announced today the expiration and preliminary results of the Fund’s tender offer (the “Tender Offer”) for up to 5% of its outstanding shares of common stock (the “Shares”), or 2,636,959 Shares. The Tender Offer commenced on March 15, 2019 and expired at 5:00 p.m. Eastern time on April 15, 2019. Because the Tender Offer was oversubscribed, the relative number of Shares that will be purchased from each stockholder will be prorated based on the number of Shares properly tendered.
BlackRock Debt Strategies Fund, Inc. (the “Fund”) (DSU) announced that it has today commenced a tender offer (the “Tender Offer”). As previously announced, the Fund will purchase for cash up to 5% of its outstanding shares of common stock, at a price equal to 98% of the net asset value (“NAV”) per share as determined as of the close of the regular trading session of the New York Stock Exchange on the first business day after the Tender Offer expires. The Tender Offer will expire on April 15, 2019 at 5:00 p.m. Eastern time, unless otherwise extended.
BlackRock Debt Strategies Fund, Inc. (the "Fund") announced today the results of the Second Measurement Period (as defined below) under its previously announced three-year discount management program (the "Program") that is expected to end in 2020. The Program is part of the Fund's ongoing efforts to enhance long-term shareholder value and provide liquidity to the market for its common shareholders. As previously announced, under the Program, the Fund intends to offer to repurchase its common shares based on three 3-month measurement periods (each a "Measurement Period") if the Fund's common shares trade at an average daily discount to net asset value ("NAV") of greater than 7.5% during a Measurement Period (a "Trigger Event").