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LONDON - BlackRock (NYSE:BLK) American Income Trust PLC (LSE:BRIG) has announced the completion of its previously declared tender offer, resulting in the repurchase of 10,910,252 Ordinary Shares. The transaction, initially communicated to shareholders on February 27, 2025, with results released on April 22, 2025, was finalized today.
The buyback process, detailed in the company’s circular, has led to the involved shares being placed in treasury. Following this transaction, BlackRock American Income Trust’s issued share capital consists of 95,361,305 Ordinary Shares, which includes 38,747,433 Ordinary Shares now held in treasury. Consequently, the total number of Ordinary Shares carrying voting rights has been adjusted to 56,613,872.
Shareholders who participated in the tender offer and held their shares through CREST accounts will receive their proceeds today. Similarly, those holding certificated shares will have cheques dispatched on the same date.
This repurchase activity affects the threshold for shareholder notifications related to changes in shareholding. The company has advised shareholders to use the updated figure of 56,613,872 voting rights Ordinary Shares for any necessary disclosures under the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
The completion of this tender offer reflects BlackRock American Income Trust’s active management of its share capital, aligning the number of shares in circulation with the company’s strategic objectives.
This news article is based on a press release statement from BlackRock American Income Trust PLC.
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