BlackRock Core Bond Trust $(BHK)$ has announced a rights offering to its shareholders, allowing them to subscribe for additional shares at a discount to the market price. The transferable rights will be traded under the symbol "BHK RT" on the NYSE from May 23, 2025, to June 17, 2025. This move aims to raise additional assets for the fund, capitalize on rising interest rates, and potentially enhance shareholder value. No offering fees will be incurred by the fund, and the offer is expected to lower expense ratios and increase share liquidity.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BlackRock Core Bond Trust published the original content used to generate this news brief via Business Wire (Ref. ID: 20250516405705) on May 16, 2025, and is solely responsible for the information contained therein.