BlackRock 2022 Global Income Opportunity Trust (BGIO) Announces Final Liquidating Distribution
BlackRock Advisors, LLC today announced details related to the final liquidating distribution of BlackRock 2022 Global Income Opportunity Trust (NYSE:BGIO) (the "Fund"). In accordance with the Fund's Plan of Liquidation, the Fund entered into a liquidating trust agreement with BGIO Liquidating Trust in December 2021 for the purpose of completing the final wind-up of the Fund's affairs and liquidation of its assets. On December 28, 2021, the Fund distributed to its common shareholders a per share cash liquidating distribution plus a 1:1 per share interest in BGIO Liquidating Trust.
On December 29, 2022, BGIO Liquidating Trust will distribute $0.045090 per share in a final cash liquidating distribution to shareholders who received the liquidating distribution and interest in BGIO Liquidating Trust on December 28, 2021. This final cash liquidating distribution is in addition to proceeds previously paid by the Fund to shareholders.
Distribution summary
Since the adoption of its plan of liquidation on June 30, 2021, BGIO has declared a total of $9.2822 per share in liquidating distributions, including the $0.05 regular monthly distribution per share:
Pay Date |
Regular
|
Special Distribution |
Total Liquidating
|
7/30/2021 |
$0.05 |
$1.105700 |
$1.155700 |
8/31/2021 |
$0.05 |
$1.343000 |
$1.393000 |
9/30/2021 |
$0.05 |
$1.490200 |
$1.540200 |
10/29/2021 |
$0.05 |
$0.444100 |
$0.494100 |
11/30/2021 |
$0.05 |
$2.017400 |
$2.067400 |
12/28/2021 |
- |
$2.586700 |
$2.586700 |
12/29/2022 |
- |
$0.045090 |
$0.045090 |
|
Total Liquidating Distributions: |
$9.282190 |
|
BGIO delivered an annualized total return of 4.9% on net asset value since inception through November 30, 2021. The fund paid $11.87 per share in distributions since inception (including liquidating distributions).
BlackRock does not provide tax advice. Shareholders should consult their tax advisor regarding applicable tax consequences to them resulting from the ownership and operation of the BGIO Liquidating Trust and the tax treatment applicable to distributions by the BGIO Liquidating Trust.
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Forward-Looking Statements
This press release, and other statements that BlackRock or the 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 the value of any assets remaining in the Fund's liquidating trust; (2) the relative and absolute investment performance of any assets remaining in the Fund's liquidating trust; (3) the unfavorable resolution of any legal proceedings; (4) the extent and timing of any distributions; (5) the impact, extent and timing of technological changes; (6) the impact of legislative and regulatory actions and reforms, and regulatory, supervisory or enforcement actions of government agencies relating to the Fund or BlackRock, as applicable; (7) terrorist activities, international hostilities, health epidemics and/or pandemics and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or BlackRock; (8) BlackRock's ability to attract and retain highly talented professionals; (9) the impact of BlackRock electing to provide support to its products from time to time; and (10) 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.
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