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Prospect News home > News index > List of issuers B > Headlines for BlackRock Inc. > News item
Published on 12/16/2010 in the Prospect News Investment Grade Daily, Prospect News Liability Management Daily and Prospect News Preferred Stock Daily.

BlackRock will redeem all trust IV auction-rate preferreds in January

By Toni Weeks

San Diego, Dec. 16 - BlackRock, Inc. will redeem all of its BlackRock Credit Allocation Income Trust IV auction market preferred shares in January, according to a Dec. 16 announcement filed with the Securities and Exchange Commission.

A total of 9,240 shares will be redeemed at $25,000 per share. The redemption, which totals $231 million, will take place over four days, with 2,310 shares being redeemed on each of Jan. 5, 6, 7 and 10.

BlackRock is an investment management firm based in New York City.


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