On Monday, September 17 BlackRock, Inc. (NYSE: BLK) and guests will visit the New York Stock Exchange (NYSE) to celebrate the recent initial public offering of the BlackRock Municipal Target Term Trust (NYSE: BTT), a non-diversified closed-end registered investment company that invests primarily in municipal securities. To mark the occasion,Peter Hayes, Managing Director and Head of BlackRock’s Municipal Bonds Group will ring the NYSE Closing Bell.
Watch the video of the ringing.
About BlackRock Municipal Target Term Trust (NYSE: BTT):
BlackRock Municipal Target Term Trust is a registered closed-end fund with the 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 December 31, 2030
There can be no assurance that the Trust’s investment objectives, including to return $25.00 per common share to holders of common shares on or about December 31, 2030, will be achieved or that the Trust’s investment program will be successful.
About Blackrock’s Closed-End Fund Business:
As of June 30, 2012, BlackRock managed 92 U.S. exchange-listed closed-end funds with approximately $43 billion in closed-end fund assets under management (excluding BTT).
About BlackRock, Inc:
BlackRock is a leader in investment management, risk management and advisory services for institutional and retail clients worldwide. At June 30, 2012, BlackRock’s AUM was $3.560 trillion. BlackRock offers products that span the risk spectrum to meet clients’ needs, including active, enhanced and index strategies across markets and asset classes. Products are offered in a variety of structures including separate accounts, mutual funds, iShares® (exchange traded funds), and other pooled investment vehicles. BlackRock also offers risk management, advisory and enterprise investment system services to a broad base of institutional investors through BlackRock Solutions®. Headquartered in New York City, as of June 30, 2012, the firm has approximately 9,900 employees in 27 countries and a major presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East and Africa. For additional information, please visit BlackRock’s website at www.blackrock.com.