Liquidating credit

The liquidating distribution represents substantially all of the Fund’s net assets at the time of liquidation. Gain or loss will generally be measured as the difference between the sum of the cash liquidation distribution and fair value of the equity interest in the Liquidating Trust received, and the shareholders tax basis in the shares of the Fund.

In accordance with the Fund's Plan of Liquidation, the Fund entered into a liquidating trust agreement for the purpose of completing the final wind-up of the Fund's affairs and liquidation of its assets. Black Rock does not provide tax advice and investors should consult their individual tax adviser regarding the tax treatment applicable to a liquidating distribution and any other payments received in connection with the liquidation.

Actual results could differ materially from those anticipated in forward-looking statements and future results could differ materially from historical performance.

With respect to the Fund, the following factors, among others, could cause actual events to differ materially from forward-looking statements or historical performance: (1) changes and volatility in political, economic or industry conditions, the interest rate environment, foreign exchange rates or financial and capital markets, which could result in changes in demand for the Fund or in a Fund’s net asset value; (2) the relative and absolute investment performance of a Fund and its investments; (3) the impact of increased competition; (4) the unfavorable resolution of any legal proceedings; (5) the extent and timing of any distributions or share repurchases; (6) the impact, extent and timing of technological changes; (7) the impact of legislative and regulatory actions and reforms, including the Dodd-Frank Wall Street Reform and Consumer Protection Act, and regulatory, supervisory or enforcement actions of government agencies relating to a Fund or Black Rock, as applicable; (8) terrorist activities, international hostilities and natural disasters, which may adversely affect the general economy, domestic and local financial and capital markets, specific industries or Black Rock; (9) Black Rock’s ability to attract and retain highly talented professionals; (10) the impact of Black Rock electing to provide support to its products from time to time; and (11) the impact of problems at other financial institutions or the failure or negative performance of products at other financial institutions.

(Updates with liquidation deadline, context throughout) By Nichola Saminather TORONTO, Oct 4 (Reuters) - Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov.

7, but its creditors set a deadline of this week to liquidate the retailers’ assets, leaving the company with mere days to decide its fate.

Black Rock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through Black Rock Solutions.Annual and Semi-Annual Reports and other regulatory filings of the Fund with the Securities and Exchange Commission (“SEC”) are accessible on the SEC's website at gov and on Black Rock’s website at and may discuss these or other factors that affect the Fund.The information contained on Black Rock’s website is not a part of this press release.While the extension of creditor protection will keep its lenders at bay a bit longer, the new liquidation deadline means a deal with Executive Chairman Brandon Stranzl that would allow it to remain in business would still need to be reached by Saturday, Oct. Stranzl, who stepped away from Sears Canada’s day-to-day operations to keep the 65-year-old company running, made a revised bid on Tuesday, his legal team said, after the court-appointed monitor FTI Consulting said his earlier offer presented “significant closing risk and uncertain recovery.” FTI Consulting is examining Stranzl’s revised bid, the monitor’s lawyers said on Wednesday.Reuters was not immediately able to reach Stranzl for comment.