BLACKROCK INCOME OPPORTUNITY TRUST INC. 4
4 · BLACKROCK INCOME OPPORTUNITY TRUST INC. · Filed Nov 17, 2014
Insider Transaction Report
Form 4
FABOZZI FRANK
Director
Transactions
- Other
Common Stock
2014-11-10−10→ 0 total
Footnotes (1)
- [F1]Effective as of November 10, 2014, BlackRock Income Opportunity Trust, Inc. (the "Target Fund") was reorganized into BlackRock Core Bond Trust (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 November 7, 2014, less the costs of the Reorganization. As of November 7, 2014, the Target Fund reported a NAV per share of $11.6062 and the Acquiring Fund reported a NAV per share of $14.8701. The conversion ratio for the Target Fund's common shares was 0.78050585. In the Reorganization, Mr. Fabozzi received 7 common shares (and cash for fractional shares, if any) of the Acquiring Fund in exchange for his 10 common shares of the Target Fund.