BlackRock Advisors announces details on preferred shares redemption

By Tali David

Minneapolis, March 23 - BlackRock Advisors, LLC provided details for the redemption of auction-rate preferred shares issued by 15 of its tax-exempt closed-end funds.

The liquidation price is $25,000 per share plus accrued interest to the redemption date.

The BlackRock California Municipal Income Trust will redeem the following:

• $58,775,000 of series T-7 shares on April 18;

• $58,775,000 of series R-7 shares on April 13; and

• $58,775,000 of series F-7 shares on April 16.

The BlackRock New Jersey Municipal Income Trust will redeem $59.1 million of series R-7 shares on April 13.

The BlacRock New York Municipal Income Trust will redeem the following:

• $47.25 million of series W-7 shares on April 12; and

• $47.25 million of series F-7 shares on April 16.

The BlackRock MuniHoldings California Quality Fund, Inc. will redeem the following:

• $31,275,000 of series A-7 shares on April 17;

• $63,175,000 of series B-7 shares on April 16;

• $52.1 million of series C-7 shares on April 13;

• $48.2 million of series D-7 shares on April 12 and

• $59.25 million of series E-7 shares on April 18.

BlackRock is an investment management firm based in New York.

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