| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for BlackRock Municipal 2020 Term Trust > News item |
BlackRock Municipal 2020 calls $2.7 million auction-rate preferreds
By Marisa Wong
Morgantown, W.Va., May 16 – BlackRock Municipal 2020 Term Trust will redeem $2.7 million, or 23.8%, of its outstanding auction-rate preferred shares, according to a news release from BlackRock Advisors, LLC.
The issuer will redeem $900,000 of its series F-7 preferreds on June 5, $900,000 of its series M-7 preferreds on June 6 and $900,000 of its series W-7 preferreds on June 8.
The redemptions will be conducted at a liquidation preference of $25,000 per preferred plus accrued dividends to the redemption date.
New York-based BlackRock Advisors provides investment management, risk management and advisory services for institutional and retail clients.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.