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Prospect News home > News index > List of issuers B > Headlines for BlackRock Municipal 2020 Term Trust > News item
Published on 6/1/2015 in the Prospect News Liability Management Daily, Prospect News Municipals Daily and Prospect News Preferred Stock Daily.

BlackRock Municipal 2020 Term Trust to redeem auction preferred shares

By Tali Rackner

Norfolk, Va., June 1 – The BlackRock Municipal 2020 Term Trust plans to redeem 201 auction preferred shares for a total of $5,025,000, according to a Rule 23C-2 filing with the Securities and Exchange Commission.

The trust will redeem 67 series F-7 shares ($1,675,000) on June 22, 67 series M-7 shares ($1,675,000) on June 23 and 67 series W-7 shares ($1,675,000) on June 25.

The redemptions will be conducted at a liquidation preference of $25,000 per share.

BlackRock is an investment management firm based in New York.


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