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.

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