| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NA | Phantom Shares | Other | -71.7 | -100.01% | 0 | Feb 22, 2024 | Common Stock | 71.7 | Direct | F1, F2, F3, F4 |
| Id | Content |
|---|---|
| F1 | The transaction reported on this Form 4 was completed in connection with the liquidation of the issuer pursuant to a Plan of Liquidation adopted on November 15, 2023. |
| F2 | A phantom share is the economic equivalent of one share of common stock and, subject to the applicable vesting requirements, becomes payable in cash. |
| F3 | Phantom shares vest in equal installments on each of the first three anniversaries of the award. As previously reported on a Form 4 dated February 2, 2022, the Reporting Person was granted 180.2317 phantom shares of the issuer on January 31, 2022 payable in cash on vesting. As of February 22, 2024, the Reporting Person held 71.6947 phantom shares of the issuer, which were comprised of 71.6947 phantom shares granted on January 31, 2022 (with one annual vesting installment remaining), as reported on the Form 4 dated February 2, 2022. The annual vesting schedule applicable to the Reporting Person's phantom shares of the issuer was preserved with respect to the phantom shares of BlackRock Strategic Income Opportunities Fund that the Reporting Person received in the connection with the liquidation of the issuer (as detailed below). |
| F4 | In connection with the liquidation of the issuer detailed above, the Reporting Person received phantom shares of BlackRock Strategic Income Opportunities Fund having a value equal to the aggregate net asset value ("NAV") of the phantom shares of the issuer the Reporting Person held on February 22, 2024, calculated using a conversion ratio equal to the NAV per share of the issuer relative to the NAV per Investor K share of BlackRock Strategic Income Opportunities Fund as of February 22, 2024. As of February 22, 2024, the issuer reported a NAV per share of $65.61 and BlackRock Strategic Income Opportunities Fund reported a NAV per Investor K share of $9.34. The conversion ratio for the issuer's phantom shares was 7.02. In connection with the liquidation of the issuer, the Reporting Person received 503.629 phantom shares of BlackRock Strategic Income Opportunities Fund in exchange for the Reporting Person's 71.6947 phantom shares of the issuer. |