Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
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BlackRock (BLK) to Acquire $87B of BofA Global Capital Management Assets
November 3, 2015 8:08 AM ESTBlackRock, Inc. (NYSE: BLK) and Bank of Americas (NYSE: BAC) asset management business, BofA Global Capital Management have entered an agreement to transfer investment management responsibilities of approximately $87 billion of AUM currently managed by BofA Global Capital Management to BlackRock. Through BofA Global Capital Management, clients currently have access to a suite of taxable and tax-exempt money market funds; a U.S. dollar offshore fund; and customized separate account strategies.
The transaction will combine BlackRocks global cash management expertise and product suite with the strength of BofA®... More
