Introductory Statement
This Issuer Tender Offer Statement on Schedule TO relates to an offer (the “Offer”) by BlackRock Alpha Strategies Fund, a Delaware statutory trust (the “Trust”), to purchase up to 25% of its issued and outstanding Class A and Class I common shares of beneficial interest, par value $0.001 per share (the “Shares”), as of March 1, 2024, in exchange for cash at a price equal to the net asset value (“NAV”) per Share determined as of June 28, 2024, or, if the Offer is extended, as of the last business day of the third month following the month in which the Offer actually expires. The Offer is being made upon the terms and subject to the conditions set forth in the Offer to Purchase, dated March 25, 2024 (the “Offer to Purchase”), and in the related Letter of Transmittal which are filed as exhibits to this Schedule TO.
This Issuer Tender Offer Statement on Schedule TO is being filed in satisfaction of the reporting requirements of Rule 13e-4(c)(2) promulgated under the Securities Exchange Act of 1934, as amended. The information set forth in the Offer to Purchase and the related Letter of Transmittal is incorporated herein by reference in answer to Item 1 through Item 9 and Item 11 of Schedule TO.
Item 1. | Summary Term Sheet |
The information set forth under “Summary Term Sheet” in the Offer to Purchase is incorporated herein by reference.
Item 2. | Subject Company Information |
(a) The name of the issuer is BlackRock Alpha Strategies Fund, a non-diversified closed-end management investment company, organized as a Delaware statutory trust (the “Trust”). The principal executive offices of the Trust are located at 100 Bellevue Parkway, Wilmington, Delaware 19809. The telephone number of the Trust is (800) 882-0052.
(b) The title of the securities being sought are Class A and Class I common shares of beneficial interest, par value $0.001 per share. As of February 1, 2024, there were 7,448,867 Class A Shares and 3,373,053 Class I Shares issued and outstanding (rounded to the nearest whole Share).
(c) There is no established trading market for the Shares.
Item 3. | Identity and Background of Filing Person |
(a) The Trust is the filing person. BlackRock Advisors, LLC acts as the investment adviser for the Trust (the “Investment Advisor”). The Investment Advisor, located at 50 Hudson Yards, New York, New York 10001, is a wholly-owned subsidiary of BlackRock, Inc. The current members of the Trust’s Board of Trustees are Cynthia L. Egan, Lorenzo A. Flores, Stayce D. Harris, J. Phillip Holloman, R. Glenn Hubbard, W. Carl Kester, Catherine A. Lynch, Arthur P. Steinmetz, Robert Fairbairn and John M. Perlowski (each, a “Trustee”). The principal executive officer and principal financial and accounting officer of the Trust are John M. Perlowski and Trent Walker, respectively. The Trustees and the executive officers of the Trust may be reached at the Trust’s business address and phone number set forth in Item 2(a) above. The information set forth in the Offer to Purchase under “Certain Information about the Trust” is incorporated herein by reference.
(b)-(c) Not applicable.
Item 4. | Terms of the Transaction |
(a)(1) The following sections of the Offer to Purchase contain a description of the material terms of the transaction and are incorporated herein by reference:
| • | | “Price; Number of Shares” |
| • | | “Plans or Proposals of the Trust” |
| • | | “Certain Conditions of the Offer” |
| • | | “Procedures for Tendering Shares for Purchase” |
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