BlackRock Merges Emerging Europe and Frontiers Trusts

BlackRock Emerging Europe is being liquidated and shareholders will have their investment rolled into BlackRock Frontiers 

Lena Tsymbaluk 20 August, 2018 | 8:47AM
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On August 17, 2018, the board of BlackRock Emerging Europe (BEEP) announced their plans to put the fund into liquidation.

This follows the proposed tender offer in June 2018 when investors voted to sell 61% of its shares, leaving the investment trust too small to continue in the opinion of the board. As a result, the board decided not to proceed with the tender offer and instead reviewed options available.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BGF Emerging Europe A2130.85 EUR0.27Rating
BlackRock Frontiers Ord120.50 GBP0.63Rating

About Author

Lena Tsymbaluk  

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