BlackRock Municipal 2030 Target Term Trust (BTT) Announces Share Repurchase Program
28 Fevereiro 2025 - 6:37PM
Business Wire
BlackRock Advisors, LLC announced today that the Board of
Trustees (the “Board”) of BlackRock Municipal 2030 Target Term
Trust (“BTT” or the “Trust”) has reauthorized the Trust’s open
market share repurchase program (the “Repurchase Program”). Under
BTT’s most recent Repurchase Program, which ended November 30,
2024, the Trust could repurchase up to 5% of its outstanding common
shares (based on common shares outstanding on November 30, 2023) in
open market transactions. Pursuant to the Boards’ reauthorization
of the Repurchase Program, BTT may repurchase up to 5% of its
outstanding common shares (based on common shares outstanding on
March 31, 2025) through November 30, 2025. The Repurchase Program
seeks to enhance shareholder value by purchasing Trust shares
trading at a discount to the Trust’s net asset value (“NAV”) per
share, which could result in incremental accretion to the Trust’s
NAV.
The amount and timing of any repurchases under the Repurchase
Program will be determined either at the discretion of the Trust’s
management or pursuant to predetermined parameters and
instructions, subject to market conditions. There is no assurance
that the Trust will repurchase any shares under the Repurchase
Program. The Trust’s repurchase activity will be disclosed in its
shareholder report for the relevant fiscal period. Any repurchases
made under the Repurchase Program will be made on a national
security exchange at the prevailing market price, subject to
exchange requirements and certain volume and timing limitations and
other regulations under federal securities laws.
About BlackRock
BlackRock’s purpose is to help more and more people experience
financial well-being. As a fiduciary to investors and a leading
provider of financial technology, we help millions of people build
savings that serve them throughout their lives by making investing
easier and more affordable. For additional information on
BlackRock, please visit www.blackrock.com/corporate
Availability of Fund Updates
BlackRock will update performance and certain other data for the
Trust on a monthly basis on its website in the “Closed-end Funds”
section of www.blackrock.com as well as certain other material
information as necessary from time to time. Investors and others
are advised to check the website for updated performance
information and the release of other material information about the
Trust. This reference to BlackRock’s website is intended to allow
investors public access to information regarding the Trust and does
not, and is not intended to, incorporate BlackRock’s website in
this release.
Forward-Looking Statements
This press release, and other statements that BlackRock or the
Trust may make, may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act, with
respect to the Trust’s or BlackRock’s future financial or business
performance, strategies or expectations. Forward-looking statements
are typically identified by words or phrases such as “trend,”
“potential,” “opportunity,” “pipeline,” “believe,” “comfortable,”
“expect,” “anticipate,” “current,” “intention,” “estimate,”
“position,” “assume,” “outlook,” “continue,” “remain,” “maintain,”
“sustain,” “seek,” “achieve,” and similar expressions, or future or
conditional verbs such as “will,” “would,” “should,” “could,” “may”
or similar expressions.
BlackRock cautions that forward-looking statements are subject
to numerous assumptions, risks and uncertainties, which change over
time. Forward-looking statements speak only as of the date they are
made, and BlackRock assumes no duty to and does not undertake to
update forward-looking statements. Actual results could differ
materially from those anticipated in forward-looking statements and
future results could differ materially from historical
performance.
With respect to the Trust, the following factors, among others,
could cause actual events to differ materially from forward-looking
statements or historical performance: (1) changes and volatility in
political, economic or industry conditions, the interest rate
environment, foreign exchange rates or financial and capital
markets, which could result in changes in demand for the Trust or
in a Trust’s net asset value; (2) the relative and absolute
investment performance of the Trust and its investments; (3) the
impact of increased competition; (4) the unfavorable resolution of
any legal proceedings; (5) the extent and timing of any
distributions or share repurchases; (6) the impact, extent and
timing of technological changes; (7) the impact of legislative and
regulatory actions and reforms, and regulatory, supervisory or
enforcement actions of government agencies relating to the Trust or
BlackRock, as applicable; (8) terrorist activities, international
hostilities, health epidemics and/or pandemics and natural
disasters, which may adversely affect the general economy, domestic
and local financial and capital markets, specific industries or
BlackRock; (9) BlackRock’s ability to attract and retain highly
talented professionals; (10) the impact of BlackRock electing to
provide support to its products from time to time; and (11) the
impact of problems at other financial institutions or the failure
or negative performance of products at other financial
institutions.
Annual and Semi-Annual Reports and other regulatory filings of
the Trust with the SEC are accessible on the SEC's website at
www.sec.gov and on BlackRock’s website at
www.blackrock.com, and may discuss these or other factors
that affect the Trust. The information contained on BlackRock’s
website is not a part of this press release.
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