BlackRock Innovation and Growth Term Trust announces an Equity Buyback for repurchase of its own shares, representing 5% of its issued share capital.
November 15, 2023 at 12:00 am EST
BlackRock Innovation and Growth Term Trust (NYSE:BIGZ) announces a share repurchase program. Under the program, the company will repurchase its own shares, representing 5% of its issued share capital. The purpose of the plan is to enhance shareholder value. The repurchases will commence on December 1, 2023 and will be valid till November 30, 2024.
BlackRock Advisors, LLC acted as legal advisor to the company.