3rd Feb 2015 16:07
LONDON (Alliance News) - BlackRock North American Income Trust PLC Tuesday said that 26.69% of its shares were tendered under the tender offer launched in November.
In a statement, the trust, which has detailed plans for a tender offer for up to 20% of its shares in issue in early November, said shareholders who tendered shall have their basic entitlement "satisfied in full and their election for further shares will be scaled-back pro rata with each shareholder receiving 61.3269% of their election for further shares".
All tendered shares will be held in treasury.
The tender price was calculated at 123.24 pence per share.
The trust's shares were up 0.4% at 118.94 pence on Tuesday.
By Samuel Agini; [email protected]; @samuelagini
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