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BlackRock MuniHoldings New Jersey calls $172.7 million preferreds
By Toni Weeks
San Diego, July 1 - BlackRock MuniHoldings New Jersey Quality Fund, Inc. will redeem all of its outstanding series A7, B7, C7, D7 and E7 auction market preferred shares, according to a filing with the Securities and Exchange Commission.
Each of the 6,908 shares has a liquidation preference of $25,000, and the redemption will total $172.7 million.
The redemptions will occur over five days, as follows:
• 1,157 series A7 shares on July 19;
• 1,157 series B7 shares on July 22;
• 2,042 series C7 shares on July 20;
• 1,599 series D7 shares on July 21; and
• 953 series E7 shares on July 18.
BlackRock is an investment management firm based in New York City.
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