BlackRock Limited Duration Income Trust announces an Equity Buyback Plan for 5% of its outstanding common shares.
November 15, 2023 at 12:00 am EST
BlackRock Limited Duration Income Trust (NYSE:BLW) 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.