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BPIF subscription process

BlackRock strongly recommends submitting subscription documents at least 10 business days prior to the trade date in order to allow sufficient time for custodian processing and document review.

Subscription document

Subscription timeline

T – 5 Days

Investor Subscription

A completed subscription document must be returned to the Fund’s administrator.

T + 20 Days

Trade Date1

The first business day of the calendar month.

T + 21 Days

Final NAV

Within 20 calendar days the trade date NAV is finalized.

Shares Issued2

Shares will be credited to the shareholder’s account effective as of the trade date, using the trade date NAV.

2024 subscription calendar3

Subscription document
recommended submission
(T-10 BD)4
Subscription
document deadline
(T-5 BD)4

Trade Date
February 01/18/2024 01/25/2024 02/01/2024
March 02/15/2024 02/23/2024 03/01/2024
April 03/15/2024 03/22/2024 04/01/2024
May 04/17/2024 04/24/2024 05/01/2024
June 05/17/2024 05/24/2024 06/03/2024
July 06/14/2024 06/24/2024 07/01/2024
August 07/18/2024 07/25/2024 08/01/2024
September 08/19/2024 08/26/2024 09/03/2024
October 09/17/2024 09/24/2024 10/01/2024
November 10/18/2024 10/25/2024 11/01/2024
December 11/15/2024 11/22/2024 12/02/2024


Sources

1 An investor will not know the NAV applicable to its purchase of Shares on the effective date of the Share purchase; rather the NAV applicable to a purchase of Shares will be available within 20 calendar days after the effective date of the investor’s subscription for Shares.

2 Notice of each subscription for Shares will be furnished to shareholders (or their financial advisor) as soon as practicable after the month end following publication of the Fund’s NAV.

3 The above table is intended to provide the monthly subscription schedule for the 2024 calendar year and is based on trade date.

4 The transfer agent can receive orders until midnight EST, however respective dealers may have an earlier document delivery deadline. BlackRock strongly recommends returning subscription documents 10 business days prior to the trade date in order to allow sufficient time for custodian processing and document review.