BlackRock Municipal 2020 calls $2.85 million of auction preferreds

By Angela McDaniels

Tacoma, Wash., July 31 – BlackRock Municipal 2020 Term Trust plans to redeem $2.85 million of auction preferred shares, according to an N-23C-2 filing with the Securities and Exchange Commission.

The trust will redeem

• $950,000, or 38 shares, of its series W-7 preferreds on Aug. 20;

• $950,000, or 38 shares, of its series F-7 preferreds on Aug. 24; and

• $950,000, or 38 shares, of its series M-7 preferreds on Aug. 25.

As previously reported, the trust redeemed 67 of the series F-7 preferreds on June 22, 67 of the series M-7 preferreds on June 23 and 67 of the series W-7 preferreds on June 25.

The closed-end investment company is based in Wilmington, Del.

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