6th Nov 2014 11:29
LONDON (Alliance News) - BlackRock North American Income Trust PLC Thursday said it will go ahead with its next semi-annual tender offer, for up to 20% of its shares in issue.
The tender price will be based on 98% of the trust's net asset value.
The calculation date will be February 2.
The trust said the average discount of its shares to the cum income net asset value was 5.9%, ranging from a discount of 9.4% to 0.7%, over the six months to the end of October.
BlackRock North American Income Trust shares up were up 0.3% at 113.30 pence on Thursday.
By Samuel Agini; [email protected]; @samuelagini
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