skip to content »

Liquidating a fund

Black Rock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through Black Rock Solutions.

Black Rock 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 Black Rock assumes no duty to and does not undertake to update forward-looking statements.

Accordingly, stockholders should contact Wilmington with any further queries relating to this matter. – Global Capital Markets Email: [email protected] Number: 2Address: 246 Goose Lane – Suite 105, Guilford, CT 06437 This release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of Fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Wilmington’s contact details are as follows: Robert L. JPMorgan Fund Services, in Boston, MA is the Fund’s accounting and administrative agent.

Once the liquidation basis of accounting is adopted, the assets and liabilities of an investment fund should be measured at estimated collection or settlement amounts (net realizable value).

liquidating a fund-9

It is expected that the Fund will be de-registered under the 1940 Act and dissolved under state law later this year.As noted in previous announcements, on July 14, 2017, the Fund made a liquidating distribution pursuant to the plan of liquidation and dissolution approved by the Fund’s stockholders at the 2017 Annual Meeting of Stockholders (the ‘Liquidating Distribution’) in exchange for and redemption of all of the Fund’s issued and outstanding common stock.

liquidating a fund-88liquidating a fund-1liquidating a fund-40liquidating a fund-34

The Liquidation Trust was established to protect stockholder’s interest in certain assets held through the Qualified Foreign Institutional Investor (‘QFII’) program which, as noted in previous announcements, may only be repatriated and paid to stockholders once approved by Chinese regulators, the timing of which is not known.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 demand for the Fund or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or Black Rock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or Black Rock; (9) Black Rock’s ability to attract and retain highly talented professionals; (10) the impact of Black Rock electing to provide support to its products from time to time; and (11) 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 gov and on Black Rock’s website at and may discuss these or other factors that affect the Fund.The information contained on Black Rock’s website is not a part of this press release.Black Rock helps clients around the world meet their goals and overcome challenges with a range of products that include separate accounts, mutual funds, i Shares (exchange-traded funds), and other pooled investment vehicles.