Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
Five BlackRock municipal trusts to redeem auction preferred shares
By Tali Rackner
Norfolk, Va., May 16 - BlackRock Advisors, LLC announced that five of its term trusts plan to redeem a portion of their auction preferred shares, according to multiple Rule 23C-2 filings with the Securities and Exchange Commission.
The BlackRock Florida Municipal 2020 Term Trust will redeem the following:
• $1.75 million of series F-7 shares on June 9.
The BlackRock California Municipal 2018 Term Trust will redeem the following:
• $2,475,000 of series M-7 shares on June 10.
The BlacRock Municipal 2020 Term Trust will redeem the following:
• $2.75 million of series F-7 shares on June 9;
• $2.75 million of series M-7 shares on June 10; and
• $2.75 million of series W-7 shares on June 5.
The BlackRock New York Municipal 2018 Term Trust will redeem the following:
• $1,875,000 of series T-7 shares on June 11.
The BlacRock Municipal 2018 Term Trust will redeem the following:
• $375,000 of series W-7 shares on June 5; and
• $375,000 of series R-7 shares on June 6.
The liquidation price is $25,000 per share plus accrued interest to the redemption date.
BlackRock is an investment management firm based in New York.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.