BlackRock Capital Allocation Term Trust expects to issue 3,300,000 shares following rights offering
BCAT•BlackRock Capital Allocation Term Trust expects to raise approximately $43 million by issuing about 3,300,000 shares after its rights offering. The final subscription price was $13.30 per share, equal to 98.5% of net asset value at expiration.
1. Offering details
The transferable rights offering expired on October 21, 2026, and is expected to generate approximately $43 million from the issuance of approximately 3,300,000 common shares. The final subscription price was $13.30 per share, equivalent to 98.5% of net asset value at expiration. Rights holders could subscribe for up to 21,255,200 shares, and BlackRock Advisors will cover all offering expenses, allowing the fund to retain the entire proceeds.
