BlackRock Greater Europe scraps tender offer due to narrowing discount

Supposed to take place in May 2024

Cristian Angeloni
clock • 1 min read

BlackRock Greater Europe investment trust will not implement a semi-annual tender offer in May 2024.

In a stock exchange filing on Thursday (21 March), the board said it had decided not to go ahead with the May tender offer due to the trust's narrowing discount. It noted that, over the six months to 29 February, the trust's average discount to net asset value stood at 6.3%, while it dropped to 5.3% as of 20 March – highlighting it was "the narrowest discount within its peer group". BlackRock adds Alexandra Dangoor to Greater Europe trust management As a result, the board argued a semi-annual tender offer would not be in the interests of shareholders. BlackRock Greater Europe cu...

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