BlackRock 2037 Municipal Target Term Trust (BMN) Announces Variable Rate Preferred Share Issuance
BlackRock Advisors, LLC (“BlackRock”) announced today that BlackRock 2037 Municipal Target Term Trust (NYSE: BMN; CUSIP: 09262G108) (the “Fund”) successfully priced and placed $50 million of Variable Rate Demand Preferred Shares (“VRDP”) pursuant to an offering exempt from registration under the Securities Act of 1933. The proceeds from the VRDP issuance will be used to increase leverage in the Fund. BlackRock believes that the VRDP issuance will be accretive to the Fund’s earnings, consistent with the Fund’s investment objectives to provide current income that is exempt from regular federal income tax (but which may be subject to the federal alternative minimum tax in certain circumstances) and to return $25.00 per common share (the initial public offering price per common share) to holders of common shares on or about September 30, 2037.
BlackRock Announces Updated Distribution Pay Dates for its Municipal Closed-End Funds
The BlackRock municipal closed-end funds listed below (the “Funds”) announced today their July 2025 distribution payable date has been updated to 7/31/2025. The prior press release listed the payable date for the July 2025 distribution as 8/1/2025. No other changes are being made to the information announced in the prior press release.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
BlackRock Announces Board Approvals Seeking to Deliver Significant Scale Benefits to Municipal CEF Shareholders
BlackRock Advisors, LLC announced today that each of the Boards of Directors/Trustees of each of the closed-end funds named below (each, a “Fund” and collectively, the “Funds”) has approved the following reorganizations and mergers (each, a “Reorganization” and collectively, the “Reorganizations”), as applicable:
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
Distribution Dates and Amounts Announced for Certain BlackRock Closed-End Funds
Certain BlackRock closed-end funds (the “Funds”) announced distributions today as detailed below.
BlackRock Announces Distribution Increases for Municipal Closed-End Funds
Today, the Board of Directors/Trustees of the BlackRock municipal closed-end funds listed below (the “Funds”) announced distributions, which reflect distribution increases for several Funds. The distribution increases ranged between 29% and 64%. In addition, the Funds declared their December, January, and February monthly distributions early.
BlackRock to Host Tax-Loss Harvesting & Closed-End Fund Opportunities Conference Call on November 13, 2023 at 11:00am ET
BlackRock Advisors, LLC (“BlackRock”) will host a conference call on Monday, November 13, 2023 at 11:00am ET to discuss year-end tax loss selling opportunities in the closed-end fund market. The call will feature Russ Koesterich, Portfolio Manager for BlackRock ESG Capital Allocation Term Trust (
NYSE: ECAT) and BlackRock Capital Allocation Term Trust (
NYSE: BCAT), and Sean Carney, Head of Municipal Strategy at BlackRock.
