BlackRock Energy and Resources Trust (NYSE:BGR) announces a share repurchase program. Under the offer, the company will repurchase its own shares, representing 2.5% of its issued share capital. The price equal to 98% of the Fund?s NAV per share as determined as of the close of the regular trading session of the NYSE on the next day the NAV is calculated after the expiration date of the tender offer. If more than 2.5% of a Fund?s outstanding common shares are tendered, the Fund will purchase its shares from tendering shareholders on a pro rata basis. The repurchases will commence on July 17, 2024 and will be valid till August 16, 2024.

Margery K. Neale of Willkie Farr & Gallagher LLP and Janey Ahn of BlackRock Advisors, LLC acted as legal advisor to the company.