BlackRock Alpha Strategies Fund Launches Tender Offer for Share Repurchase

In a significant move to bolster shareholder value, BlackRock Alpha Strategies Fund has initiated a tender offer to repurchase up to 25% of its outstanding Class A and Class I common shares. This offer, which reflects the firm’s ongoing commitment to its investors, will provide an opportunity for shareholders to sell their shares at the net asset value (NAV) as of December 31, 2024.

The tender offer is structured to extend beyond its initial expiration date, allowing flexibility for shareholders. The program specifically targets the fund’s Class A and Class I common shares, which currently have no established trading market. The fund’s investment advisor, BlackRock Advisors, LLC, has outlined that this initiative is part of a broader strategy to optimize the fund's capital structure and improve overall investor returns.

Shareholders are encouraged to consider this offer, which is set against a backdrop of increasing market volatility and evolving investment landscapes. The decision to launch the tender offer aligns with the trust’s goals of maintaining competitive performance while actively engaging with its investor base.

In addition to enhancing shareholder returns, the fund will continue to evaluate its investment strategies and potential future actions aimed at increasing value for its shareholders. The formal communication detailing the offer, including the procedures for participation, has been disseminated to all eligible shareholders.

This strategic move underscores BlackRock's proactive approach to managing investor interests and reflects its commitment to maintaining a transparent and efficient investment vehicle.