BlackRock Municipal 2020 calls $4.2 million of auction preferreds

By Tali Rackner

Minneapolis, Nov. 8 – BlackRock Municipal 2020 Term Trust plans to redeem $4.2 million of its auction preferred shares, according to a Rule 23C-2 filing with the Securities and Exchange Commission.

The trust will redeem:

• $1.4 million, or 56 shares, of its series F-7 preferreds on Dec. 4;

• $1.4 million, or 56 shares, of its series M-7 preferreds on Nov. 28; and

• $1.4 million, or 56 shares, of its series W-7 preferreds on Nov. 30.

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

© 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.