BlackRock Advisors, LLC today announced that the reorganization
of BlackRock Municipal Bond Investment Trust (NYSE:BIE) with and
into BlackRock Municipal Income Investment Trust (NYSE:BBF and,
together with BIE, the “Funds”) (the “Reorganization”) is effective
as of the opening for business of the New York Stock Exchange on
May 16, 2016.
In the Reorganization, common shareholders of BIE received an
amount of BBF common stock equal to the aggregate net asset value
of their holdings of BIE common stock as determined at the close of
business on May 13, 2016. Fractional shares of BBF common stock
were not issued in the Reorganization and consequently cash will be
distributed for any such fractional amounts.
Relevant details pertaining to the Reorganization are as
follows:
Fund
NAV/Share($)
ShareConversionRatio
BlackRock Municipal Income Investment Trust (BBF)
15.3803 N/A BlackRock Municipal Bond Investment Trust
(BIE) 16.1307 1.04878969
In addition, BIE preferred shareholders will receive on a
one-for-one basis BBF preferred stock in an amount equal to the
aggregate preferred share liquidation preference held by BIE
preferred shareholders immediately prior to the Reorganization.
This communication is not intended to, and shall not, constitute
an offer to purchase or sell shares of any of the BlackRock funds,
including BBF, the surviving fund in the Reorganization. Investors
should consider BBF’s investment objective, risks, charges and
expenses carefully and consider in its entirety the Joint Proxy
Statement/Prospectus relating to the Reorganization which contains
important information regarding the investment objectives and
policies, risks, charges, expenses and other important information
about BBF.
About BlackRock
BlackRock is a global leader in investment management, risk
management and advisory services for institutional and retail
clients. At March 31, 2016, BlackRock’s AUM was $4.737 trillion.
BlackRock helps clients around the world meet their goals and
overcome challenges with a range of products that include separate
accounts, mutual funds, iShares® (exchange-traded funds), and other
pooled investment vehicles. BlackRock also offers risk management,
advisory and enterprise investment system services to a broad base
of institutional investors through BlackRock Solutions®. As of
March 31, 2016, the firm had approximately 13,000 employees in more
than 30 countries and a major presence in global markets, including
North and South America, Europe, Asia, Australia and the Middle
East and Africa. For additional information, please visit the
Company’s website at www.blackrock.com | Twitter: @blackrock_news |
Blog: www.blackrockblog.com | LinkedIn:
www.linkedin.com/company/blackrock
Availability of Fund Updates
BlackRock will update performance and certain other data for the
Funds on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Funds. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Funds and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or a
Fund may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to a Fund’s or BlackRock’s future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,”
“potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may”
or similar expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to the Funds, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Funds or
in a Fund’s net asset value; (2) the relative and absolute
investment performance of a Fund and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, including the Dodd-Frank Wall
Street Reform and Consumer Protection Act, and regulatory,
supervisory or enforcement actions of government agencies relating
to a Fund or BlackRock, as applicable; (8) terrorist activities,
international hostilities and natural disasters, which may
adversely affect the general economy, domestic and local financial
and capital markets, specific industries or BlackRock; (9)
BlackRock’s ability to attract and retain highly talented
professionals; (10) the impact of BlackRock electing to provide
support to its products from time to time; and (11) the impact of
problems at other financial institutions or the failure or negative
performance of products at other financial institutions.
Annual and Semi-Annual Reports and other regulatory filings of
the Funds with the Securities and Exchange Commission (“SEC”) are
accessible on the SEC's website at www.sec.gov and on
BlackRock’s website at www.blackrock.com, and may discuss
these or other factors that affect the Funds. The information
contained on BlackRock’s website is not a part of this press
release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160516005571/en/
BlackRock Closed-End Funds1-800-882-0052
Blackrock Municipal Bond Investment Trust (NYSE:BIE)
過去 株価チャート
から 11 2024 まで 12 2024
Blackrock Municipal Bond Investment Trust (NYSE:BIE)
過去 株価チャート
から 12 2023 まで 12 2024