BlackRock Defined Opportunity Credit Trust Announces Additional Liquidation Details

Marketing News – MarketingTools365 – Mktg News – Marketing Tools 365 – //// Business Marketing news and Mktg News : BlackRock Defined Opportunity Credit Trust Announces Additional Liquidation Details :

NEW YORK–(BUSINESS WIRE)–BlackRock Advisors, LLC today announced that, in connection with the
liquidation of BlackRock Defined Opportunity Credit Trust (NYSE:BHL)
(the “Fund”), the Fund’s common shares will continue to trade the
“regular way” on the New York Stock Exchange (NYSE) through August 2,
2017 and will be suspended from trading before the opening of trading on
August 3, 2017. The Fund has entered into a plan of liquidation such
that it anticipates making its final liquidation on or about August 18,
2017. Once BHL’s common shares have been suspended from trading on the
NYSE, any subsequent information pertaining to the Fund’s liquidation
will be available in the “Press Releases” section of http://ift.tt/2uDbdM5.

Other BlackRock Closed-End Funds

BlackRock manages approximately $10 billion in credit─based closed-end
funds as of June 30, 2017. Following BHL’s liquidation, former BHL
stockholders looking to re-invest their proceeds into a similar strategy
may consider:

BlackRock Debt Strategies Fund, Inc. (NYSE:DSU)
BlackRock Floating
Rate Income Strategies Fund, Inc. (NYSE: FRA)
BlackRock Floating
Rate Income Trust (NYSE: BGT).

Information relating to DSU, FRA and BGT is available at http://ift.tt/2uCN5sR.
Additional information about DSU, FRA and BGT can be found in annual and
semi-annual shareholder reports and other filings available on the EDGAR
Database on the U.S. Securities and Exchange Commission’s website at www.sec.gov.

About BlackRock

BlackRock is a global leader in investment management, risk management
and advisory services for institutional and retail clients. At June 30,
2017, BlackRock’s AUM was $5.7 trillion. BlackRock helps clients around
the world meet their goals and overcome challenges with a range of
products that include separate accounts, mutual funds, iShares®
(exchange-traded funds), and other pooled investment vehicles. BlackRock
also offers risk management, advisory and enterprise investment system
services to a broad base of institutional investors through BlackRock
Solutions
®. As of June 30, 2017, the firm had
approximately 13,000 employees in more than 30 countries and a major
presence in global markets, including North and South America, Europe,
Asia, Australia and the Middle East and Africa. For additional
information, please visit the Company’s website at www.blackrock.com
| Twitter: @blackrock_news
| Blog: http://ift.tt/1aGui1o
| LinkedIn: http://ift.tt/1F0uupr

Availability of Fund Updates

BlackRock will update performance and certain other data for the Fund on
a monthly basis on its website in the “Closed-end Funds” section of www.blackrock.com
as well as certain other material information as necessary from time to
time. Investors and others are advised to check the website for updated
performance information and the release of other material information
about the Fund. This reference to BlackRock’s website is intended to
allow investors public access to information regarding the Fund and does
not, and is not intended to, incorporate BlackRock’s website in this
release.

Forward-Looking Statements

This press release, and other statements that BlackRock or a Fund may
make, may contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, with respect to a Fund’s or
BlackRock’s future financial or business performance, strategies or
expectations. Forward-looking statements are typically identified by
words or phrases such as “trend,” “potential,” “opportunity,”
“pipeline,” “believe,” “comfortable,” “expect,” “anticipate,” “current,”
“intention,” “estimate,” “position,” “assume,” “outlook,” “continue,”
“remain,” “maintain,” “sustain,” “seek,” “achieve,” and similar
expressions, or future or conditional verbs such as “will,” “would,”
“should,” “could,” “may” or similar expressions.

BlackRock cautions that forward-looking statements are subject to
numerous assumptions, risks and uncertainties, which change over time.
Forward-looking statements speak only as of the date they are made, and
BlackRock assumes no duty to and does not undertake to update
forward-looking statements. Actual results could differ materially from
those anticipated in forward-looking statements and future results could
differ materially from historical performance.

With respect to the Fund, the following factors, among others, could
cause actual events to differ materially from forward-looking statements
or historical performance: (1) changes and volatility in political,
economic or industry conditions, the interest rate environment, foreign
exchange rates or financial and capital markets, which could result in
changes in demand for the Fund or in a Fund’s net asset value; (2) the
relative and absolute investment performance of a Fund and its
investments; (3) the impact of increased competition; (4) the
unfavorable resolution of any legal proceedings; (5) the extent and
timing of any distributions or share repurchases; (6) the impact, extent
and timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, including the Dodd-Frank Wall Street
Reform and Consumer Protection Act, and regulatory, supervisory or
enforcement actions of government agencies relating to a Fund or
BlackRock, as applicable; (8) terrorist activities, international
hostilities and natural disasters, which may adversely affect the
general economy, domestic and local financial and capital markets,
specific industries or BlackRock; (9) BlackRock’s ability to attract and
retain highly talented professionals; (10) the impact of BlackRock
electing to provide support to its products from time to time; and (11)
the impact of problems at other financial institutions or the failure or
negative performance of products at other financial institutions.

Annual and Semi-Annual Reports and other regulatory filings of the Fund
with the Securities and Exchange Commission (“SEC”) are accessible on
the SEC’s website at www.sec.gov
and on BlackRock’s website at www.blackrock.com,
and may discuss these or other factors that affect the Fund. The
information contained on BlackRock’s website is not a part of this press
release.

Contacts

BlackRock Closed-End Funds
1-800-882-0052

. From Business Wire – Marketingtools365(COMM) – ATOM http://ift.tt/2uYJmZf Source : BlackRock Defined Opportunity Credit Trust Announces Additional Liquidation Details – http://ift.tt/2uYJmZf