BlackRock, a global investment management firm, has announced the reorganizations of BlackRock Global Equity Income Trust (BFD) and BlackRock World Investment Trust (BWC) into BlackRock Global Opportunities Equity Trust (BOE). Blackrock has said that they are effective from July 27, 2009.
Reportedly, in the reorganizations, BOE acquired substantially all of the assets and liabilities of BFD and BWC in a tax-free transaction in exchange for an equal aggregate value of newly-issued common shares of BOE.
It has added that the BFD and BWC distributed the common shares of BOE to their respective common shareholders in an amount equal to the aggregate net asset value of BFD and BWC common shares.
