BlackRock Utilities, Infrastructure, & Power Opportunities Trust (BUI) Announces Terms of Rights Offering

Core Viewpoint - BlackRock Utilities, Infrastructure, & Power Opportunities Trust is issuing transferable rights to existing shareholders to subscribe for additional shares at a discount to the market price, aimed at increasing the fund's assets for future investment opportunities [1][2]. Group 1: Offer Details - The rights will be issued to holders of common shares as of March 9, 2026, allowing them to purchase additional shares at a discount [1]. - The subscription price will be determined based on the average sales price on the NYSE on the expiration date, expected to be April 2, 2026, with a formula ensuring it is at least $0.01 below the net asset value if necessary [4][5]. - Shareholders will receive one right for each share owned, with the ability to purchase one new share for every four rights exercised [4]. Group 2: Strategic Rationale - The Board and the investment adviser believe that the offer will benefit both the fund and its shareholders by increasing assets to capitalize on investment opportunities aligned with the fund's objectives of total return and income [2]. - The fund expects to maintain its current distribution level following the offer, with new shares eligible for the distribution expected in April 2026 [3]. Group 3: Market Context - The infrastructure sector is experiencing significant investment opportunities due to trends such as the AI buildout, national security priorities, and the transition to a lower carbon economy [4]. - Utilities are facing a capital raising need due to rising power demand and the reshoring of power supply chains, leading to the largest capital expenditure cycle in decades [4]. Group 4: Rights and Privileges - Rights are transferable and will be traded on the NYSE under the symbol "BUI RT" until April 1, 2026, allowing shareholders to sell their rights if they choose not to subscribe [10]. - Record Date Shareholders who fully exercise their rights can subscribe for additional shares that remain unsubscribed by others, subject to certain limitations [10].