BLACKROCK SENIOR HIGH INCOME FUND, INC. 4
4 · BLACKROCK SENIOR HIGH INCOME FUND, INC. · Filed Dec 17, 2013
Insider Transaction Report
Form 4
KESTER W CARL
Director
Transactions
- Other
Common Stock
2013-12-09−1,000→ 0 total
Footnotes (1)
- [F1]Effective as of December 9, 2013, BlackRock Senior High Income Fund, Inc. (the "Target Fund") was reorganized into BlackRock Debt Strategies Fund, Inc. (the "Acquiring Fund," and such reorganization, the "Reorganization"). In the Reorganization, common shareholders of the Target Fund received common shares of the Acquiring Fund having a value equal to the aggregate NAV of the Target Fund common shares surrendered as determined at the close of business on December 6, 2013, less the costs of the Reorganization. As of December 6, 2013, the Target Fund reported a NAV per share of $4.2848 and the Acquiring Fund reported a NAV per share of $4.3975. The conversion ratio for the Target Fund's common shares was 0.97437180. In the Reorganization, Mr. Kester received 974 common shares of the Acquiring Fund in exchange for his 1000 common shares of the Target Fund.