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Security Profile
- Security Type
- Closed-End Fund
- CUSIP
- 092501105
- Market Cap
- Mid Cap · $969 Million
- IPO
- 5/31/2005 · $25.00/share
- Parent Company
- BlackRock, Inc. (BLK)
Fund Description: BlackRock Global Opportunities Equity Trust is an exchange-traded closed-end fund or a closed-end ETF which is officially described as a diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The BlackRock Global Opportunities Equity Trust seeks current income and current gains, with a secondary objective of long-term capital appreciation. TRUST STRATEGY: The Trust seeks to achieve its objectives by investing primarily in equity securities issued by companies located in countries throughout the world and utilizing an option writing strategy to enhance current gains. Under normal market conditions, the Trust will invest at least 80% of its total assets in equity securities or options on equity securities or indices or sectors of equity securities. Equity securities in which the Trust anticipates investing include common stocks, preferred stocks, convertible securities, warrants, depository receipts and equity interests in real estate investment trusts (REITs). The Trust may invest in companies located anywhere in the world. The Trust may invest in companies of any size market capitalization and in companies conducting initial public offerings. The Trust may invest up to 25% of its total assets in equity securities of issuers in emerging countries. The Trust may invest up to 20% of its total assets in debt securities, including debt securities issued by companies located in emerging markets. The Trust may invest up to 10% of its total assets in non-investment grade debt securities, commonly known as junk bonds. The Trust invests in various sectors, such as energy, consumer products, financial institutions, industrials, technology, basic materials, telecommunications, health care, real estate, transportation, aerospace and defense, automotive, building and development, and entertainment and leisure. TRUST MANAGEMENT: The Trust’s investment advisor is BlackRock Advisors LLC.
Notes: July 27, 2009 -- BlackRock, Inc. today announced that the reorganizations of BlackRock Global Equity Income Trust (NYSE:BFD) and BlackRock World Investment Trust (NYSE:BWC) into BlackRock Global Opportunities Equity Trust (NYSE:BOE) are effective as of the opening for business of the New York Stock Exchange on July 27, 2009. 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. 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, as applicable, as determined at the close of business on July 24, 2009, less the costs of the applicable reorganization (though some BFD and BWC common shareholders received cash for their fractional common shares).
Company Contact
- Headquarters
- 40 East 52nd Street, New York, NY 10022
- Phone
- 800-882-0052 · Toll-Free 800-441-7762
- Investor Relations
- 800-441-7762 · invrel@blackrock.com.