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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 9/10/2010 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

BlackRock California to redeem $5.93 million in municipal preferreds

By Devika Patel

Knoxville, Tenn., Sept. 10 - BlackRock Advisors, LLC announced that BlackRock California Investment Quality Municipal Trust, Inc. will redeem all $5.93 million of its outstanding auction-rate municipal preferred stock at a liquidation preference of $25,000 per preferred along with unpaid dividends to Sept. 30, the redemption date.

The 237 preferreds are being redeemed in connection with BlackRock California's liquidation on Sept. 30.

New York's BlackRock provides investment management, risk management and advisory services.


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