| Type | Sym | Class | Transaction | Value $ | Shares | Change % | Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | NA | Phantom Shares | -Other | -320 | -100% | 0 | Feb 22, 2024 | Common Stock | 320 | Direct | F1, F2, F3, F4, F5 |
| 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 Form 4s dated February 3, 2022 and February 2, 2023, the Reporting Person was granted 330.103 phantom shares and 257.8443 phantom shares, respectively, of the issuer on January 31, 2022 and January 31, 2023, respectively, payable in cash on vesting. As of February 22, 2024, the Reporting Person held 319.7031 phantom shares of the issuer, which were comprised of 131.3123 phantom shares granted on January 31, 2022 (with one annual vesting installment remaining), as reported on the Form 4 dated February 3, 2022, and 188.3908 phantom shares granted on January 31, 2023 (with two annual vesting installments remaining), |
| F4 | (Continued from footnote 3) as reported on the Form 4 dated February 2, 2023. The annual vesting schedule applicable to each portion of the Reporting Person's phantom shares of the issuer was preserved with respect to the phantom shares of BlackRock ESG Capital Allocation Term Trust ("ECAT") that the Reporting Person received in the connection with the liquidation of the issuer (as detailed below). |
| F5 | In connection with the liquidation of the issuer detailed above, the Reporting Person received phantom shares of ECAT 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 market price per common share of ECAT as of February 22, 2024. As of February 22, 2024, the issuer reported a NAV per share of $65.61 and ECAT reported a market price per common share of $16.98. The conversion ratio for the issuer's phantom shares was 3.86. In connection with the liquidation of the issuer, the Reporting Person received 1,235.319 phantom shares of ECAT in exchange for the Reporting Person's 319.7031 phantom shares of the issuer. |