BlackRock Utilities, Infrastructure & Power Opportunities Trust announces an Equity Buyback for 5% of its issued share capital.
September 05, 2019 at 12:00 am EDT
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BlackRock Utilities, Infrastructure & Power Opportunities Trust (NYSE:BUI) announces a share repurchase program. Under the program, the company will repurchase up to 5% of its issued share capital. The repurchases will commence on December 1, 2019, and will expire on November 30, 2020.
BlackRock Utilities, Infrastructure & Power Opportunities Trust (the Trust) is a closed-end management investment company. The Trust's investment objective is to provide total return through a combination of current income and long-term capital appreciation. It seeks to achieve its investment objective by investing under normal market conditions, at least 80% of its total assets in equity securities issued by companies that are engaged in the Utilities, Infrastructure and Power Opportunities business segments. The Utilities segment includes products, technologies and services connected to the management, ownership, operation, construction, and development or financing of facilities. The Infrastructure segment includes companies that own or operate infrastructure assets. The Power Opportunities segment includes companies with involvement in, supporting, or necessary renewable energy technology and development. BlackRock Advisors, LLC serves as an investment advisor for the Trust.
BLACKROCK UTILITIES, INFRASTRUCTURE & POWER OPPORTUNITIES TRUST 
