17th Sep 2018 18:09
LONDON (Alliance News) - BlackRock Greater Europe Investment Trust PLC on Monday said it will purchase up to 20% of its shares through a tender offer.
The offer forms part of the trust's discount control mechanism. The price per share is expected to be 98% of the trust's diluted net asset value as at November 30.
On Monday, BlackRock Greater Europe's website listed its estimated net asset value at 375.13p per share and its last actual net asset value at 374.80p. Its average discount for the last 12 months totalled 4.5%.
The company's shares closed down 0.3% at 354.00p on Monday.
Related Shares:
BlackRock Greater Europe Investment Trust