BlackRock Utilities, Infrastructure & Power Opportunities Trust Announces Rights Offering

Got story updates? Submit your updates here. ›

BlackRock Utilities, Infrastructure, & Power Opportunities Trust (NYSE: BUI) announced the terms of a transferable rights offering to allow existing shareholders to purchase additional shares at a discount to the market price. The rights offering is intended to increase the fund's assets and take advantage of investment opportunities in infrastructure, utilities, and the transition to a lower carbon economy.

Why it matters

The rights offering provides existing shareholders an opportunity to increase their investment in the fund at an attractive price, while also allowing the fund to raise additional capital to deploy into sectors like infrastructure and utilities that are seeing significant investment needs. This could enhance the fund's ability to generate returns for shareholders.

The details

The key terms of the rights offering include a 1-for-4 ratio, where holders of the fund's shares as of the record date will receive one transferable right for every four shares owned. These rights will entitle the holder to purchase one new share at a subscription price of 95% of the average of the last five trading days' closing prices, or 95% of the fund's net asset value on the expiration date if that is lower. Shareholders who fully exercise their rights will also have an over-subscription privilege to purchase additional unsubscribed shares. All expenses of the offering will be borne by the fund's investment adviser, BlackRock Advisors, LLC.

• The record date for the rights offering is March 9, 2026.
• The rights are expected to trade on the NYSE under the symbol 'BUI RT' during the offering period, which is expected to expire on April 2, 2026.

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.